Brokerages Set Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Price Target at $17.43

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $17.43.

Several brokerages recently commented on SNCY. Barclays lowered their price target on Sun Country Airlines from $24.00 to $18.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. TD Cowen boosted their price target on Sun Country Airlines from $14.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. lowered their price target on Sun Country Airlines from $23.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Finally, Susquehanna upped their target price on Sun Country Airlines from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th.

Sun Country Airlines Price Performance

Shares of SNCY opened at $11.74 on Tuesday. The company has a market capitalization of $624.66 million, a price-to-earnings ratio of 12.36, a P/E/G ratio of 0.42 and a beta of 1.63. Sun Country Airlines has a fifty-two week low of $8.10 and a fifty-two week high of $18.59. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61. The business’s 50-day moving average is $10.81 and its 200-day moving average is $13.67.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. The business had revenue of $326.65 million during the quarter, compared to analysts’ expectations of $329.51 million. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 EPS. Equities research analysts expect that Sun Country Airlines will post 1.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jude Bricker sold 2,172 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total transaction of $26,107.44. Following the completion of the transaction, the chief executive officer now directly owns 127,589 shares in the company, valued at $1,533,619.78. The trade was a 1.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 5,662 shares of company stock valued at $68,045 over the last 90 days. 4.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SNCY. Empowered Funds LLC lifted its holdings in shares of Sun Country Airlines by 5.1% during the fourth quarter. Empowered Funds LLC now owns 224,324 shares of the company’s stock worth $3,271,000 after buying an additional 10,879 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new position in shares of Sun Country Airlines in the fourth quarter valued at $154,000. New York State Teachers Retirement System raised its stake in shares of Sun Country Airlines by 11.9% in the fourth quarter. New York State Teachers Retirement System now owns 14,168 shares of the company’s stock valued at $207,000 after purchasing an additional 1,505 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Sun Country Airlines by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 190,554 shares of the company’s stock valued at $2,778,000 after purchasing an additional 5,760 shares in the last quarter. Finally, Olympiad Research LP acquired a new position in shares of Sun Country Airlines in the fourth quarter valued at $329,000.

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.