Susquehanna Forecasts Strong Price Appreciation for Sun Country Airlines (NASDAQ:SNCY) Stock

Sun Country Airlines (NASDAQ:SNCY) had its price objective hoisted by Susquehanna from $14.00 to $16.00 in a report published on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts also recently weighed in on the stock. The Goldman Sachs Group reissued a “neutral” rating and set a $17.00 target price on shares of Sun Country Airlines in a research report on Friday, November 15th. Barclays raised their target price on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, Wolfe Research raised Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target on the stock in a research report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.67.

Sun Country Airlines Trading Down 2.2 %

NASDAQ:SNCY opened at $15.66 on Tuesday. Sun Country Airlines has a 52 week low of $9.22 and a 52 week high of $16.34. The firm has a 50-day moving average price of $14.78 and a two-hundred day moving average price of $12.57. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59. The firm has a market cap of $829.04 million, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $249.50 million during the quarter, compared to analyst estimates of $250.30 million. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The business’s revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $0.14 EPS. On average, equities analysts expect that Sun Country Airlines will post 0.92 earnings per share for the current fiscal year.

Insider Activity at Sun Country Airlines

In other news, VP John Gyurci sold 40,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $202,914.39. This trade represents a 75.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Erin Rose Neale sold 1,738 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $14.88, for a total transaction of $25,861.44. Following the sale, the senior vice president now directly owns 30,142 shares in the company, valued at $448,512.96. This trade represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,504 shares of company stock worth $1,313,710. Corporate insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

A number of institutional investors and hedge funds have recently made changes to their positions in SNCY. Farther Finance Advisors LLC increased its stake in Sun Country Airlines by 76.9% in the 3rd 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. US Bancorp DE increased its position in shares of Sun Country Airlines by 4,522.7% in the third quarter. US Bancorp DE now owns 8,367 shares of the company’s stock worth $94,000 after purchasing an additional 8,186 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Sun Country Airlines in the second quarter valued at approximately $124,000. Paloma Partners Management Co bought a new stake in Sun Country Airlines during the third quarter valued at approximately $132,000. Finally, SG Americas Securities LLC purchased a new position in Sun Country Airlines in the 3rd quarter worth approximately $159,000.

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.