Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $18.33.

SNCY has been the topic of a number of recent research reports. The Goldman Sachs Group restated a “neutral” rating and issued a $17.00 target price on shares of Sun Country Airlines in a research note on Friday. Barclays upped their price objective on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday. Susquehanna lifted their target price on shares of Sun Country Airlines from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Wolfe Research upgraded shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price for the company in a research note on Tuesday, October 8th.

Sun Country Airlines Stock Performance

Shares of NASDAQ SNCY opened at $15.43 on Friday. The company has a 50 day simple moving average of $12.14 and a two-hundred day simple moving average of $11.58. The stock has a market cap of $816.86 million, a price-to-earnings ratio of 19.05, a PEG ratio of 0.70 and a beta of 1.48. 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 has a 12 month low of $9.22 and a 12 month high of $17.56.

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, meeting analysts’ consensus estimates 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 quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 earnings per share. As a group, analysts predict that Sun Country Airlines will post 0.98 earnings per share for the current year.

Insider Buying and Selling at Sun Country Airlines

In related news, VP John Gyurci sold 3,000 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $11.30, for a total transaction of $33,900.00. Following the completion of the transaction, the vice president now owns 14,407 shares in the company, valued at $162,799.10. This represents a 17.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David M. Davis sold 2,115 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $14.51, for a total transaction of $30,688.65. Following the completion of the transaction, the chief financial officer now directly owns 36,158 shares in the company, valued at $524,652.58. This represents a 5.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,720 shares of company stock valued at $694,763. Company insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

A number of hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake 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 worth $26,000 after acquiring an additional 1,000 shares during the last quarter. CWM LLC lifted its holdings in Sun Country Airlines by 1,660.9% in the 2nd quarter. CWM LLC now owns 2,659 shares of the company’s stock valued at $33,000 after purchasing an additional 2,508 shares in the last quarter. Innealta Capital LLC purchased a new position in Sun Country Airlines in the 2nd quarter valued at $40,000. DekaBank Deutsche Girozentrale acquired a new stake in Sun Country Airlines during the 1st quarter worth $66,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Sun Country Airlines during the second quarter worth $80,000.

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.