Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has received a consensus rating of “Moderate Buy” from 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 issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $18.33.

Several equities analysts recently issued reports on SNCY shares. Wolfe Research upgraded shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price on the stock in a report on Tuesday, October 8th. The Goldman Sachs Group restated a “neutral” rating and issued a $17.00 target price on shares of Sun Country Airlines in a report on Friday, November 15th. Barclays boosted their target price on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, Susquehanna boosted their target price on shares of Sun Country Airlines from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Monday, November 4th.

Sun Country Airlines Stock Down 2.1 %

NASDAQ:SNCY opened at $14.94 on Tuesday. Sun Country Airlines has a 52-week low of $9.22 and a 52-week high of $16.47. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59. The company has a market cap of $790.92 million, a price-to-earnings ratio of 18.44, a P/E/G ratio of 0.72 and a beta of 1.46. The stock’s fifty day moving average price is $13.56 and its two-hundred day moving average price is $12.00.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates 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 net margin of 4.25% and a return on equity of 9.00%. Sun Country Airlines’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 earnings per share. On average, analysts anticipate that Sun Country Airlines will post 0.98 EPS for the current year.

Insider Buying and Selling

In other Sun Country Airlines news, CFO David M. Davis sold 2,115 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $14.51, for a total value of $30,688.65. Following the completion of the sale, the chief financial officer now owns 36,158 shares in the company, valued at approximately $524,652.58. This trade represents a 5.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jude Bricker sold 37,817 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total transaction of $578,221.93. Following the completion of the sale, the chief executive officer now owns 82,895 shares of the company’s stock, valued at approximately $1,267,464.55. This trade represents a 31.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,720 shares of company stock worth $660,863 in the last quarter. Insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Franklin Resources Inc. grew its position in shares of Sun Country Airlines by 29.3% during the 3rd quarter. Franklin Resources Inc. now owns 25,483 shares of the company’s stock valued at $269,000 after acquiring an additional 5,782 shares during the period. Barclays PLC boosted its holdings in Sun Country Airlines by 260.8% in the 3rd quarter. Barclays PLC now owns 117,457 shares of the company’s stock worth $1,316,000 after buying an additional 84,906 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Sun Country Airlines in the 3rd quarter worth approximately $292,000. Weiss Asset Management LP boosted its holdings in Sun Country Airlines by 7.0% in the 3rd quarter. Weiss Asset Management LP now owns 577,337 shares of the company’s stock worth $6,472,000 after buying an additional 37,689 shares during the period. Finally, State Street Corp boosted its holdings in 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 buying an additional 51,224 shares during the period.

Sun Country Airlines Company Profile

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.