Brokerages Set Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Target Price at $19.29

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $19.29.

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 price target on shares of Sun Country Airlines in a research note on Friday, November 15th. JPMorgan Chase & Co. assumed coverage on Sun Country Airlines in a research report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price objective on the stock. Finally, Susquehanna boosted their price objective on Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th.

Insider Buying and Selling at Sun Country Airlines

In other news, CFO David M. Davis sold 59,389 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.05, for a total value of $1,012,582.45. Following the transaction, the chief financial officer now directly owns 32,260 shares of the company’s stock, valued at $550,033. The trade was a 64.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John Gyurci sold 40,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $15.61, for a total value of $624,400.00. Following the completion of the transaction, the vice president now directly owns 12,999 shares in the company, valued at $202,914.39. This represents a 75.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 242,279 shares of company stock worth $4,031,056. Insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. PharVision Advisers LLC acquired a new position in shares of Sun Country Airlines in the 4th quarter valued at about $487,000. Zimmer Partners LP acquired a new position in shares of Sun Country Airlines in the 4th quarter valued at about $6,261,000. Two Sigma Advisers LP acquired a new position in shares of Sun Country Airlines in the 4th quarter valued at about $219,000. Two Sigma Investments LP acquired a new position in shares of Sun Country Airlines in the 4th quarter valued at about $1,435,000. Finally, State of Wyoming lifted its stake in shares of Sun Country Airlines by 102.7% in the 4th quarter. State of Wyoming now owns 8,411 shares of the company’s stock valued at $123,000 after purchasing an additional 4,262 shares during the period.

Sun Country Airlines Price Performance

Shares of NASDAQ SNCY opened at $15.84 on Friday. The stock has a market capitalization of $842.02 million, a PE ratio of 16.67, a P/E/G ratio of 0.42 and a beta of 1.46. 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 has a fifty day moving average price of $16.20 and a two-hundred day moving average price of $13.69. Sun Country Airlines has a fifty-two week low of $9.22 and a fifty-two week high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.06. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The company had revenue of $260.40 million for the quarter, compared to analyst estimates of $258.04 million. During the same quarter last year, the company posted $0.12 EPS. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, equities analysts predict that Sun Country Airlines will post 1.92 earnings per share 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.