Sun Country Airlines (NASDAQ:SNCY) Downgraded by TD Cowen to Hold

Sun Country Airlines (NASDAQ:SNCY) was downgraded by analysts at TD Cowen from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. Citigroup upped their price target on Sun Country Airlines from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, March 20th. Weiss Ratings lowered Sun Country Airlines from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $19.00 target price (down from $22.00) on shares of Sun Country Airlines in a research note on Tuesday, January 13th. Zacks Research lowered Sun Country Airlines from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Finally, Wolfe Research lowered Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 20th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $19.57.

Sun Country Airlines Stock Performance

Shares of Sun Country Airlines stock opened at $16.42 on Monday. Sun Country Airlines has a 52 week low of $10.14 and a 52 week high of $22.29. The business’s fifty day simple moving average is $16.87 and its 200-day simple moving average is $16.00. The firm has a market cap of $889.96 million, a PE ratio of 17.10, a price-to-earnings-growth ratio of 0.60 and a beta of 1.40. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 0.65.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SNCY. EverSource Wealth Advisors LLC increased its holdings in shares of Sun Country Airlines by 1,728.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company’s stock valued at $25,000 after acquiring an additional 2,040 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Sun Country Airlines by 3,612.3% in the 1st quarter. Parallel Advisors LLC now owns 3,007 shares of the company’s stock valued at $50,000 after acquiring an additional 2,926 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Sun Country Airlines in the 2nd quarter valued at about $59,000. Tower Research Capital LLC TRC grew its stake in Sun Country Airlines by 183.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,273 shares of the company’s stock worth $62,000 after buying an additional 3,415 shares during the last quarter. Finally, Strs Ohio purchased a new position in Sun Country Airlines during the 1st quarter worth approximately $86,000.

About Sun Country Airlines

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.