Sun Country Airlines (NASDAQ:SNCY) Price Target Raised to $16.00 at Susquehanna

Sun Country Airlines (NASDAQ:SNCY) had its price objective increased by equities researchers at Susquehanna from $14.00 to $16.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Susquehanna’s price target points to a potential upside of 2.17% from the stock’s current price.

A number of other analysts have also commented on SNCY. The Goldman Sachs Group restated a “neutral” rating and issued a $17.00 price target on shares of Sun Country Airlines in a report on Friday, November 15th. Wolfe Research raised Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target for the company in a research report on Tuesday, October 8th. Finally, Barclays lifted their price objective on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.67.

Sun Country Airlines Price Performance

NASDAQ SNCY opened at $15.66 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59. Sun Country Airlines has a 52-week low of $9.22 and a 52-week high of $16.34. The business has a 50 day simple moving average of $14.75 and a 200 day simple moving average of $12.55. The stock has a market cap of $829.04 million, a price-to-earnings ratio of 19.33, a PEG ratio of 0.71 and a beta of 1.44.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $249.50 million during the quarter, compared to the consensus estimate of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Analysts anticipate that Sun Country Airlines will post 0.92 earnings per share for the current fiscal year.

Insider Transactions at Sun Country Airlines

In other Sun Country Airlines news, SVP Erin Rose Neale sold 1,738 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $14.88, for a total transaction of $25,861.44. Following the sale, the senior vice president now directly owns 30,142 shares of the company’s stock, valued at approximately $448,512.96. This represents a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jude Bricker sold 37,817 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total transaction 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 represents a 31.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 85,504 shares of company stock worth $1,313,710 in the last 90 days. Corporate insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

A number of institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its position in shares of Sun Country Airlines by 76.9% in the third 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 during the last quarter. The Manufacturers Life Insurance Company boosted its position in Sun Country Airlines by 7.8% during the second quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company’s stock worth $188,000 after purchasing an additional 1,087 shares during the period. Public Sector Pension Investment Board increased its holdings in shares of Sun Country Airlines by 3.1% in the second quarter. Public Sector Pension Investment Board now owns 83,395 shares of the company’s stock valued at $1,047,000 after purchasing an additional 2,512 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Sun Country Airlines by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 327,898 shares of the company’s stock valued at $4,118,000 after purchasing an additional 3,641 shares during the period. Finally, Creative Planning lifted its stake in shares of Sun Country Airlines by 36.0% during the 3rd quarter. Creative Planning now owns 18,734 shares of the company’s stock worth $210,000 after buying an additional 4,954 shares during the last quarter.

About Sun Country Airlines

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.