Analysts Set Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Price Target at $18.33

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $18.33.

Several brokerages recently issued reports on SNCY. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 target price on shares of Sun Country Airlines in a research report on Friday, November 15th. Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research report on Tuesday, October 8th. Susquehanna increased their price objective on Sun Country Airlines from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, Barclays raised their price target on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th.

Insider Buying and Selling

In other Sun Country Airlines news, CFO David M. Davis sold 2,115 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $14.51, for a total value of $30,688.65. Following the completion of the sale, the chief financial officer now owns 36,158 shares in the company, valued at approximately $524,652.58. This trade represents a 5.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jude Bricker sold 37,817 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $15.29, for a total value of $578,221.93. Following the completion of the sale, the chief executive officer now owns 82,895 shares of the company’s stock, valued at approximately $1,267,464.55. This trade represents a 31.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,720 shares of company stock worth $660,863 in the last ninety days. 4.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Sun Country Airlines

Several institutional investors and hedge funds have recently bought and sold shares of SNCY. Farther Finance Advisors LLC increased its position in Sun Country Airlines by 76.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after buying an additional 1,000 shares in the last quarter. CWM LLC increased its position in Sun Country Airlines by 1,660.9% during the 2nd quarter. CWM LLC now owns 2,659 shares of the company’s stock valued at $33,000 after buying an additional 2,508 shares in the last quarter. Innealta Capital LLC bought a new position in Sun Country Airlines during the 2nd quarter valued at approximately $40,000. Allspring Global Investments Holdings LLC bought a new position in Sun Country Airlines during the 2nd quarter valued at approximately $80,000. Finally, US Bancorp DE increased its position in Sun Country Airlines by 4,522.7% during the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company’s stock valued at $94,000 after buying an additional 8,186 shares in the last quarter.

Sun Country Airlines Stock Down 2.1 %

SNCY opened at $14.94 on Tuesday. The company has a 50 day moving average of $13.56 and a 200 day moving average of $12.00. The company has a market cap of $790.92 million, a PE ratio of 18.44, a price-to-earnings-growth ratio of 0.72 and a beta of 1.46. Sun Country Airlines has a 12 month low of $9.22 and a 12 month high of $16.47. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96.

Sun Country Airlines (NASDAQ:SNCY) last posted its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The business had revenue of $249.50 million for the quarter, compared to analysts’ expectations of $250.30 million. During the same period in the prior year, the company posted $0.14 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, sell-side analysts expect that Sun Country Airlines will post 0.98 EPS for the current year.

Sun Country Airlines Company Profile

Sun Country Airlines Holdings, Inc, an air carrier company, operates scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. It operates through two segments, Passenger and Cargo. The company also provides crew, maintenance, and insurance services through ad hoc, repeat, short-term, and long-term service contracts; and loyalty program rewards.