Morgan Stanley Lowers Sun Country Airlines (NASDAQ:SNCY) Price Target to $38.00

Sun Country Airlines (NASDAQ:SNCY) had its price objective cut by Morgan Stanley from $42.00 to $38.00 in a report published on Tuesday, Analyst Ratings Network reports. They currently have an equal weight rating on the stock.

A number of other research firms also recently weighed in on SNCY. Susquehanna Bancshares cut their target price on Sun Country Airlines from $42.00 to $36.00 and set a positive rating for the company in a research report on Wednesday, November 3rd. Zacks Investment Research downgraded Sun Country Airlines from a hold rating to a strong sell rating in a research report on Thursday, January 6th. Evercore ISI assumed coverage on Sun Country Airlines in a research report on Wednesday, December 22nd. They set an outperform rating and a $45.00 price objective for the company. Finally, Susquehanna dropped their price objective on Sun Country Airlines from $42.00 to $36.00 and set a positive rating for the company in a research report on Wednesday, November 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Sun Country Airlines currently has an average rating of Buy and an average price target of $41.33.

NASDAQ:SNCY opened at $27.59 on Tuesday. The stock has a fifty day moving average price of $27.98 and a 200-day moving average price of $31.37. The company has a current ratio of 1.43, a quick ratio of 1.41 and a debt-to-equity ratio of 0.89. Sun Country Airlines has a fifty-two week low of $23.97 and a fifty-two week high of $44.13.

Sun Country Airlines (NASDAQ:SNCY) last released its earnings results on Sunday, October 31st. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.10. The firm had revenue of $173.66 million during the quarter, compared to the consensus estimate of $174.15 million. Sun Country Airlines had a return on equity of 1.35% and a net margin of 12.54%. Sun Country Airlines’s revenue was up 122.7% on a year-over-year basis. Analysts expect that Sun Country Airlines will post 0.23 earnings per share for the current year.

In other Sun Country Airlines news, CMO Brian Edward Davis sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 24th. The stock was sold at an average price of $28.58, for a total value of $28,580.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Grant Whitney sold 2,927 shares of the company’s stock in a transaction dated Thursday, December 23rd. The stock was sold at an average price of $28.01, for a total value of $81,985.27. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,004,678 shares of company stock valued at $281,614,342.

A number of institutional investors and hedge funds have recently modified their holdings of SNCY. Citigroup Inc. increased its stake in shares of Sun Country Airlines by 13.5% in the third quarter. Citigroup Inc. now owns 4,309 shares of the company’s stock valued at $145,000 after buying an additional 511 shares during the period. Deutsche Bank AG increased its stake in shares of Sun Country Airlines by 8.5% in the third quarter. Deutsche Bank AG now owns 11,965 shares of the company’s stock valued at $401,000 after buying an additional 937 shares during the period. Clearview Wealth Advisors LLC acquired a new stake in shares of Sun Country Airlines in the third quarter valued at about $34,000. UBS Group AG increased its stake in shares of Sun Country Airlines by 485.6% in the third quarter. UBS Group AG now owns 1,224 shares of the company’s stock valued at $41,000 after buying an additional 1,015 shares during the period. Finally, Advisor Group Holdings Inc. increased its stake in shares of Sun Country Airlines by 303.7% in the second quarter. Advisor Group Holdings Inc. now owns 1,643 shares of the company’s stock valued at $60,000 after buying an additional 1,236 shares during the period.

Sun Country Airlines Company Profile

Sun Country Airlines Holdings, Inc, an air carrier company, provides scheduled passenger service, air cargo service, charter air transportation, and related services in the United States, Latin America, and internationally. As of May 17, 2021, it operated a fleet of 43 aircraft, including 31 passenger and 12 cargo aircraft.

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Analyst Recommendations for Sun Country Airlines (NASDAQ:SNCY)

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