Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives $19.17 Average Price Target from Analysts

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $19.17.

Several research firms recently commented on SNCY. TD Cowen reduced their target price on Sun Country Airlines from $22.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Barclays boosted their price target on shares of Sun Country Airlines from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, February 5th. Finally, Morgan Stanley upgraded shares of Sun Country Airlines from an “equal weight” rating to an “overweight” rating and set a $21.00 target price for the company in a research report on Monday, February 26th.

Sun Country Airlines Stock Performance

Shares of SNCY stock opened at $9.89 on Tuesday. Sun Country Airlines has a 12 month low of $9.77 and a 12 month high of $23.80. The firm’s 50 day moving average is $13.44 and its 200 day moving average is $14.33. The company has a current ratio of 0.61, a quick ratio of 0.59 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $520.31 million, a P/E ratio of 8.11, a PEG ratio of 0.47 and a beta of 1.63.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.02). The company had revenue of $311.50 million for the quarter, compared to the consensus estimate of $316.23 million. Sun Country Airlines had a net margin of 6.48% and a return on equity of 14.35%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 earnings per share. On average, sell-side analysts anticipate that Sun Country Airlines will post 1.18 earnings per share for the current year.

Insider Activity

In other Sun Country Airlines news, CEO Jude Bricker sold 2,145 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $14.35, for a total value of $30,780.75. Following the completion of the sale, the chief executive officer now owns 124,991 shares in the company, valued at approximately $1,793,620.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last ninety days, insiders sold 5,073 shares of company stock valued at $72,944. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. lifted its position in Sun Country Airlines by 39.0% during the 4th quarter. Assetmark Inc. now owns 3,314 shares of the company’s stock valued at $52,000 after acquiring an additional 929 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Sun Country Airlines by 71.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,593 shares of the company’s stock valued at $53,000 after acquiring an additional 1,498 shares during the period. Lazard Asset Management LLC raised its holdings in shares of Sun Country Airlines by 310.0% during the first quarter. Lazard Asset Management LLC now owns 10,341 shares of the company’s stock valued at $155,000 after purchasing an additional 7,819 shares during the last quarter. Virtu Financial LLC bought a new position in Sun Country Airlines during the first quarter valued at approximately $155,000. Finally, New York State Teachers Retirement System grew its position 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 worth $192,000 after purchasing an additional 887 shares during the period.

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.