TD Cowen Boosts Sun Country Airlines (NASDAQ:SNCY) Price Target to $22.00

Sun Country Airlines (NASDAQ:SNCY) had its target price increased by stock analysts at TD Cowen from $18.00 to $22.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the stock. TD Cowen’s target price points to a potential upside of 1.66% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Cantor Fitzgerald set a $21.00 target price on Sun Country Airlines in a research note on Monday, November 3rd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $19.00 price objective (down from $22.00) on shares of Sun Country Airlines in a research report on Tuesday, January 13th. Citigroup lifted their price target on shares of Sun Country Airlines from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, January 7th. Zacks Research downgraded shares of Sun Country Airlines from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Finally, Wolfe Research lowered shares of Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.75.

Sun Country Airlines Price Performance

NASDAQ:SNCY opened at $21.64 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 0.71. The stock has a 50 day moving average of $16.11 and a two-hundred day moving average of $13.54. The firm has a market cap of $1.14 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 0.49 and a beta of 1.58. Sun Country Airlines has a 12 month low of $8.10 and a 12 month high of $22.29.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Sun Country Airlines had a return on equity of 8.92% and a net margin of 4.69%.The company had revenue of $280.96 million for the quarter, compared to analyst estimates of $272.98 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts expect that Sun Country Airlines will post 1.92 earnings per share for the current fiscal year.

Insider Transactions at Sun Country Airlines

In other news, CEO Jude Bricker sold 5,062 shares of Sun Country Airlines stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $17.55, for a total value of $88,838.10. Following the transaction, the chief executive officer directly owned 167,982 shares of the company’s stock, valued at $2,948,084.10. This trade represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Stephen Andrew Coley sold 2,052 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $15.09, for a total value of $30,964.68. Following the sale, the senior vice president owned 45,040 shares of the company’s stock, valued at $679,653.60. The trade was a 4.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 21,378 shares of company stock valued at $343,249. Company insiders own 4.60% of the company’s stock.

Institutional Trading of Sun Country Airlines

Large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Sun Country Airlines by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,487 shares of the company’s stock worth $289,000 after purchasing an additional 1,014 shares during the period. Goldman Sachs Group Inc. raised its holdings in Sun Country Airlines by 6.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,167,547 shares of the company’s stock worth $14,384,000 after acquiring an additional 74,558 shares during the period. Empowered Funds LLC boosted its holdings in Sun Country Airlines by 2.0% during the first quarter. Empowered Funds LLC now owns 228,893 shares of the company’s stock valued at $2,820,000 after acquiring an additional 4,569 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Sun Country Airlines in the first quarter valued at about $88,000. Finally, CWM LLC lifted its position in shares of Sun Country Airlines by 1,439.4% during the 2nd quarter. CWM LLC now owns 29,063 shares of the company’s stock worth $341,000 after purchasing an additional 27,175 shares during the last quarter.

Sun Country Airlines Company Profile

Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.