Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives $19.75 Consensus PT from Analysts

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have been assigned an average recommendation of “Hold” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $19.75.

SNCY has been the subject of a number of research reports. Citigroup raised their target price 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. TD Cowen reiterated a “hold” rating on shares of Sun Country Airlines in a research report on Tuesday, February 10th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $19.00 price objective (down from $22.00) on shares of Sun Country Airlines in a research note on Tuesday, January 13th. Susquehanna upgraded Sun Country Airlines from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $12.00 to $20.00 in a report on Friday, January 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sun Country Airlines in a research report on Monday, December 29th.

Insider Buying and Selling

In other Sun Country Airlines news, SVP Stephen Andrew Coley sold 2,052 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $15.09, for a total transaction of $30,964.68. Following the sale, the senior vice president owned 45,040 shares in the company, valued at approximately $679,653.60. The trade was a 4.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jude Bricker sold 5,514 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $14.97, for a total transaction of $82,544.58. Following the sale, the chief executive officer owned 173,044 shares in the company, valued at $2,590,468.68. This represents a 3.09% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 20,755 shares of company stock valued at $334,558. 5.00% of the stock is owned by corporate insiders.

Institutional Trading of Sun Country Airlines

Several large investors have recently added to or reduced their stakes in SNCY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Sun Country Airlines by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,487 shares of the company’s stock worth $289,000 after buying an additional 1,014 shares during the period. Goldman Sachs Group Inc. raised its position in Sun Country Airlines by 6.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,167,547 shares of the company’s stock valued at $14,384,000 after buying an additional 74,558 shares during the period. Empowered Funds LLC lifted its stake in Sun Country Airlines by 2.0% in the 1st quarter. Empowered Funds LLC now owns 228,893 shares of the company’s stock worth $2,820,000 after acquiring an additional 4,569 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Sun Country Airlines in the 1st quarter worth about $88,000. Finally, Nisa Investment Advisors LLC boosted its position in Sun Country Airlines by 1,556.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,490 shares of the company’s stock worth $53,000 after acquiring an additional 4,219 shares during the period.

Sun Country Airlines Trading Down 3.5%

Shares of Sun Country Airlines stock opened at $16.24 on Thursday. The business has a fifty day simple moving average of $18.14 and a 200-day simple moving average of $14.63. Sun Country Airlines has a fifty-two week low of $8.10 and a fifty-two week high of $22.29. The firm has a market cap of $864.29 million, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 0.37 and a beta of 1.55. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.71.

Sun Country Airlines (NASDAQ:SNCY) last released its earnings results on Thursday, February 5th. The company reported $0.17 earnings per share (EPS) 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 firm had revenue of $280.96 million for the quarter, compared to analyst estimates of $272.98 million. During the same period in the previous year, the company earned $0.27 earnings per share. Sun Country Airlines’s revenue was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that Sun Country Airlines will post 1.92 EPS for the current fiscal year.

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.