Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Given Average Rating of “Moderate Buy” by Brokerages

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $18.33.

A number of analysts have issued reports on SNCY shares. Susquehanna boosted their target price on Sun Country Airlines from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Barclays raised their target price on Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday. The Goldman Sachs Group reiterated a “neutral” rating and set a $17.00 price target on shares of Sun Country Airlines in a research note on Friday. Finally, Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a research note on Tuesday, October 8th.

Sun Country Airlines Price Performance

SNCY stock opened at $15.43 on Friday. Sun Country Airlines has a 1 year low of $9.22 and a 1 year high of $17.56. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. The firm has a market capitalization of $816.86 million, a PE ratio of 19.05, a price-to-earnings-growth ratio of 0.70 and a beta of 1.48. The business has a 50 day simple moving average of $12.14 and a 200-day simple moving average of $11.58.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The company had revenue of $249.50 million for the quarter, compared to analyst estimates of $250.30 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. Equities research analysts anticipate that Sun Country Airlines will post 0.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO David M. Davis sold 2,115 shares of Sun Country Airlines stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $14.51, for a total transaction of $30,688.65. Following the completion of the sale, the chief financial officer now directly owns 36,158 shares of the company’s stock, valued at approximately $524,652.58. The trade was a 5.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jude Bricker sold 37,817 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total value of $578,221.93. Following the completion of the sale, the chief executive officer now owns 82,895 shares in the company, valued at approximately $1,267,464.55. This represents a 31.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,720 shares of company stock worth $694,763. Company insiders own 4.60% of the company’s stock.

Institutional Trading of Sun Country Airlines

Several institutional investors have recently modified their holdings of SNCY. Farther Finance Advisors LLC raised its stake in Sun Country Airlines by 76.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after acquiring an additional 1,000 shares in the last quarter. CWM LLC lifted its holdings in shares of Sun Country Airlines by 1,660.9% in the 2nd quarter. CWM LLC now owns 2,659 shares of the company’s stock valued at $33,000 after purchasing an additional 2,508 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Sun Country Airlines in the 2nd quarter valued at about $40,000. DekaBank Deutsche Girozentrale purchased a new position in Sun Country Airlines during the 1st quarter worth approximately $66,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Sun Country Airlines in the second quarter valued at approximately $80,000.

About Sun Country Airlines

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.