Sun Country Airlines (NASDAQ:SNCY) Coverage Initiated at JPMorgan Chase & Co.

Stock analysts at JPMorgan Chase & Co. began coverage on shares of Sun Country Airlines (NASDAQ:SNCY) in a report issued on Wednesday, Marketbeat.com reports. The firm set an “overweight” rating and a $23.00 price target on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 38.06% from the company’s current price.

SNCY has been the topic of a number of other reports. Susquehanna lifted their price objective on Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research note on Tuesday, October 8th. Barclays increased their price objective on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.29.

Sun Country Airlines Trading Down 1.4 %

Shares of NASDAQ SNCY opened at $16.66 on Wednesday. The firm has a 50 day moving average price of $14.99 and a two-hundred day moving average price of $12.85. The stock has a market cap of $881.98 million, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 0.37 and a beta of 1.44. Sun Country Airlines has a 52-week low of $9.22 and a 52-week high of $17.51. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $249.50 million during the quarter, compared to the consensus estimate of $250.30 million. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. Sun Country Airlines’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. As a group, equities analysts forecast that Sun Country Airlines will post 0.93 EPS for the current year.

Insiders Place Their Bets

In other Sun Country Airlines news, VP John Gyurci sold 6,000 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $17.13, for a total value of $102,780.00. Following the transaction, the vice president now owns 11,618 shares in the company, valued at approximately $199,016.34. This represents a 34.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jude Bricker sold 37,817 shares of the business’s 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 sale, the chief executive officer now owns 82,895 shares of the company’s stock, valued at approximately $1,267,464.55. This represents a 31.33 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 166,838 shares of company stock worth $2,675,555. 4.60% of the stock is currently owned by company insiders.

Institutional Trading of Sun Country Airlines

Several hedge funds have recently bought and sold shares of SNCY. Farther Finance Advisors LLC raised its holdings in Sun Country Airlines by 76.9% during the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after buying an additional 1,000 shares during the last quarter. US Bancorp DE raised its holdings in shares of Sun Country Airlines by 4,522.7% in the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company’s stock worth $94,000 after acquiring an additional 8,186 shares during the last quarter. Paloma Partners Management Co acquired a new position in Sun Country Airlines during the 3rd quarter valued at about $132,000. SG Americas Securities LLC bought a new stake in Sun Country Airlines during the 3rd quarter worth approximately $159,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Sun Country Airlines by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company’s stock worth $188,000 after purchasing an additional 1,087 shares during the last quarter.

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.