TD Cowen Cuts Sun Country Airlines (NASDAQ:SNCY) Price Target to $17.00

Sun Country Airlines (NASDAQ:SNCY) had its price objective decreased by TD Cowen from $22.00 to $17.00 in a research note issued to investors on Wednesday, MarketBeat Ratings reports. TD Cowen currently has a buy rating on the stock.

Other analysts have also issued reports about the stock. Susquehanna restated a neutral rating and issued a $15.00 price target (down from $17.00) on shares of Sun Country Airlines in a research report on Wednesday, January 10th. Morgan Stanley raised shares of Sun Country Airlines from an equal weight rating to an overweight rating and set a $21.00 target price on the stock in a research note on Monday, February 26th. Finally, Barclays lifted their price objective on Sun Country Airlines from $18.00 to $20.00 and gave the company an overweight rating in a report on Monday, February 5th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Sun Country Airlines has an average rating of Moderate Buy and a consensus price target of $19.17.

Sun Country Airlines Stock Performance

NASDAQ SNCY opened at $11.34 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.65 and a quick ratio of 0.63. The firm has a market capitalization of $604.04 million, a price-to-earnings ratio of 9.29, a P/E/G ratio of 0.47 and a beta of 1.63. The company’s fifty day moving average is $14.22 and its two-hundred day moving average is $14.52. Sun Country Airlines has a 52-week low of $11.30 and a 52-week high of $23.80.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.02). The company had revenue of $311.50 million during the quarter, compared to analyst estimates of $316.23 million. Sun Country Airlines had a return on equity of 15.23% and a net margin of 6.88%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 earnings per share. Equities research analysts forecast that Sun Country Airlines will post 1.64 EPS for the current year.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, CEO Jude Bricker sold 2,145 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $14.35, for a total value of $30,780.75. Following the completion of the transaction, the chief executive officer now directly owns 124,991 shares of the company’s stock, valued at $1,793,620.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 5,073 shares of company stock valued at $72,944. Corporate insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Illinois Municipal Retirement Fund raised its holdings in shares of Sun Country Airlines by 3.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 21,711 shares of the company’s stock worth $342,000 after acquiring an additional 776 shares during the period. New York State Teachers Retirement System raised its stake in shares of Sun Country Airlines by 7.4% in the 3rd quarter. New York State Teachers Retirement System now owns 12,917 shares of the company’s stock valued at $192,000 after purchasing an additional 887 shares during the period. Assetmark Inc. lifted its holdings in shares of Sun Country Airlines by 39.0% in the fourth quarter. Assetmark Inc. now owns 3,314 shares of the company’s stock valued at $52,000 after purchasing an additional 929 shares in the last quarter. Amalgamated Bank boosted its position in shares of Sun Country Airlines by 9.2% during the third quarter. Amalgamated Bank now owns 17,153 shares of the company’s stock worth $255,000 after buying an additional 1,447 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in Sun Country Airlines by 71.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,593 shares of the company’s stock valued at $53,000 after buying an additional 1,498 shares during the last quarter.

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.