Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives $18.33 Consensus PT from Analysts

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 reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $18.67.

A number of analysts have issued reports on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 target price on shares of Sun Country Airlines in a research note on Friday, November 15th. Barclays lifted their price objective on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Susquehanna increased their target price on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Wolfe Research raised Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target for the company in a research report on Tuesday, October 8th.

Sun Country Airlines Trading Up 3.3 %

Sun Country Airlines stock opened at $16.18 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96. Sun Country Airlines has a 12 month low of $9.22 and a 12 month high of $16.43. The company’s fifty day simple moving average is $14.80 and its 200-day simple moving average is $12.60. The stock has a market cap of $856.57 million, a P/E ratio of 19.98, a P/E/G ratio of 0.71 and a beta of 1.44.

Sun Country Airlines (NASDAQ:SNCY) last issued its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $249.50 million for the quarter, compared to analyst estimates of $250.30 million. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The business’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. As a group, sell-side analysts forecast that Sun Country Airlines will post 0.92 EPS for the current fiscal year.

Insider Buying and Selling at Sun Country Airlines

In other news, SVP Erin Rose Neale sold 1,738 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $14.88, for a total transaction of $25,861.44. Following the completion of the transaction, the senior vice president now directly owns 30,142 shares in the company, valued at $448,512.96. The trade was a 5.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jude Bricker sold 37,817 shares of the stock in a transaction that occurred 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 directly owns 82,895 shares of the company’s stock, valued at $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. Insiders sold 85,504 shares of company stock worth $1,313,710 over the last ninety days. Company insiders own 4.60% of the company’s stock.

Institutional Trading of Sun Country Airlines

Hedge funds have recently bought and sold shares of the stock. U S Global Investors Inc. raised its position in shares of Sun Country Airlines by 14.2% during the third quarter. U S Global Investors Inc. now owns 2,705,789 shares of the company’s stock valued at $30,332,000 after buying an additional 336,086 shares during the last quarter. State Street Corp lifted its position in shares of Sun Country Airlines by 3.3% in the 3rd quarter. State Street Corp now owns 1,580,834 shares of the company’s stock worth $17,721,000 after acquiring an additional 51,224 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Sun Country Airlines by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,186,222 shares of the company’s stock worth $14,899,000 after purchasing an additional 112,397 shares in the last quarter. American Century Companies Inc. increased its position in shares of Sun Country Airlines by 40.0% during the second quarter. American Century Companies Inc. now owns 901,335 shares of the company’s stock valued at $11,321,000 after purchasing an additional 257,418 shares during the period. Finally, Dana Investment Advisors Inc. raised its stake in shares of Sun Country Airlines by 114.5% in the second quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock valued at $10,152,000 after purchasing an additional 431,515 shares in the last quarter.

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.