Sun Country Airlines (NASDAQ:SNCY) Price Target Raised to $20.00

Sun Country Airlines (NASDAQ:SNCY) had its price objective lifted by Citigroup from $18.00 to $20.00 in a report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price target suggests a potential upside of 25.59% from the company’s previous close.

Other analysts have also issued reports about the stock. 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. Weiss Ratings restated a “hold (c)” rating on shares of Sun Country Airlines in a research report on Monday, December 29th. TD Cowen reiterated a “hold” rating on shares of Sun Country Airlines in a research report on Tuesday, February 10th. Zacks Research raised Sun Country Airlines from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. Finally, Wolfe Research lowered Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 20th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Sun Country Airlines currently has an average rating of “Hold” and a consensus target price of $20.00.

Sun Country Airlines Price Performance

SNCY stock traded down $0.40 during trading hours on Friday, hitting $15.93. 256,512 shares of the stock traded hands, compared to its average volume of 1,493,566. The stock has a 50-day simple moving average of $18.39 and a 200 day simple moving average of $14.84. The company has a market cap of $847.53 million, a P/E ratio of 16.52, a P/E/G ratio of 0.37 and a beta of 1.55. Sun Country Airlines has a one year low of $8.10 and a one year high of $22.29. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.71.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Sun Country Airlines had a net margin of 4.69% and a return on equity of 8.92%. The company had revenue of $280.96 million during the quarter, compared to the consensus estimate of $272.98 million. During the same period in the prior year, the company earned $0.27 EPS. Sun Country Airlines’s revenue was up 7.9% on a year-over-year basis. Equities analysts forecast that Sun Country Airlines will post 1.92 earnings per share for the current year.

Insider Transactions at Sun Country Airlines

In other Sun Country Airlines news, SVP Erin Rose Neale sold 2,257 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $17.53, for a total value of $39,565.21. Following the transaction, the senior vice president owned 38,931 shares in the company, valued at approximately $682,460.43. This represents a 5.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Stephen Andrew Coley sold 2,052 shares of Sun Country Airlines stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $15.09, for a total transaction of $30,964.68. Following the sale, the senior vice president directly owned 45,040 shares of the company’s stock, valued at $679,653.60. This trade represents a 4.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,755 shares of company stock valued at $334,558 over the last quarter. Company insiders own 5.00% of the company’s stock.

Institutional Trading of Sun Country Airlines

Several hedge funds and other institutional investors have recently modified their holdings of the company. Apollo Management Holdings L.P. acquired a new position in Sun Country Airlines in the 2nd quarter worth about $6,821,000. Jefferies Financial Group Inc. acquired a new stake in shares of Sun Country Airlines during the 2nd quarter valued at about $776,000. Exchange Traded Concepts LLC bought a new stake in shares of Sun Country Airlines in the 3rd quarter valued at approximately $1,098,000. Y Intercept Hong Kong Ltd acquired a new position in Sun Country Airlines in the third quarter worth approximately $858,000. Finally, Frontier Capital Management Co. LLC increased its holdings in Sun Country Airlines by 53.3% in the second quarter. Frontier Capital Management Co. LLC now owns 3,533,617 shares of the company’s stock worth $41,520,000 after buying an additional 1,228,721 shares during the last quarter.

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.