Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives $19.60 Consensus Price Target from Analysts

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have received an average rating of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $19.60.

Several analysts recently weighed in on the company. Barclays increased their price target on Sun Country Airlines from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, February 5th. Susquehanna reaffirmed a “neutral” rating and set a $15.00 target price (down previously from $17.00) on shares of Sun Country Airlines in a research report on Wednesday, January 10th. Finally, Morgan Stanley upgraded Sun Country Airlines from an “equal weight” rating to an “overweight” rating and set a $21.00 price objective for the company in a research note on Monday, February 26th.

Insider Buying and Selling at Sun Country Airlines

In related news, CEO Jude Bricker sold 2,145 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $14.35, for a total transaction of $30,780.75. Following the sale, the chief executive officer now directly owns 124,991 shares of the company’s stock, valued at $1,793,620.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 5,073 shares of company stock valued at $72,944. 3.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sun Country Airlines

Institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its holdings in Sun Country Airlines by 4.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 25,108 shares of the company’s stock worth $372,000 after buying an additional 1,052 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of Sun Country Airlines in the third quarter worth approximately $573,000. Bank of New York Mellon Corp increased its position in shares of Sun Country Airlines by 1.2% during the third quarter. Bank of New York Mellon Corp now owns 313,627 shares of the company’s stock worth $4,654,000 after purchasing an additional 3,748 shares in the last quarter. New York State Teachers Retirement System raised its stake in Sun Country Airlines by 7.4% in the 3rd quarter. New York State Teachers Retirement System now owns 12,917 shares of the company’s stock valued at $192,000 after purchasing an additional 887 shares during the last quarter. Finally, Strs Ohio purchased a new position in Sun Country Airlines in the 3rd quarter valued at $247,000.

Sun Country Airlines Stock Performance

Shares of NASDAQ SNCY opened at $13.65 on Friday. The company has a market cap of $727.41 million, a P/E ratio of 11.19, a P/E/G ratio of 0.46 and a beta of 1.62. Sun Country Airlines has a 52-week low of $11.96 and a 52-week high of $23.80. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.63 and a current ratio of 0.65. The firm’s fifty day moving average is $14.59 and its two-hundred day moving average is $14.58.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.06. Sun Country Airlines had a return on equity of 15.23% and a net margin of 6.88%. The business had revenue of $245.54 million for the quarter, compared to analysts’ expectations of $248.82 million. As a group, analysts anticipate that Sun Country Airlines will post 1.64 EPS for the current fiscal year.

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.