Sun Country Airlines (NASDAQ:SNCY) Price Target Raised to $24.00 at Barclays

Sun Country Airlines (NASDAQ:SNCY) had its price target increased by Barclays from $20.00 to $24.00 in a research report sent to investors on Thursday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other research firms have also recently commented on SNCY. 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 report on Tuesday, October 8th. Susquehanna boosted their target price on shares of Sun Country Airlines from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.33.

Sun Country Airlines Price Performance

Shares of NASDAQ SNCY opened at $14.89 on Thursday. The stock has a fifty day moving average price of $12.21 and a 200 day moving average price of $11.57. 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 company has a market cap of $788.28 million, a PE ratio of 18.38, a P/E/G ratio of 0.68 and a beta of 1.48.

Sun Country Airlines (NASDAQ:SNCY) last released its earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The company had revenue of $249.50 million during the quarter, compared to analysts’ expectations of $250.30 million. During the same quarter last year, the business earned $0.14 EPS. The business’s revenue was up .2% on a year-over-year basis. Sell-side analysts forecast that Sun Country Airlines will post 0.98 EPS for the current year.

Insiders Place Their Bets

In other Sun Country Airlines news, CEO Jude Bricker sold 37,817 shares of Sun Country Airlines 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 transaction, the chief executive officer now owns 82,895 shares in the company, valued at approximately $1,267,464.55. The trade was a 31.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David M. Davis sold 2,115 shares of the stock in a transaction that occurred 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 owns 36,158 shares in the company, valued at $524,652.58. This represents a 5.53 % 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. 4.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sun Country Airlines

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC increased its position in Sun Country Airlines by 260.8% during the third quarter. Barclays PLC now owns 117,457 shares of the company’s stock worth $1,316,000 after buying an additional 84,906 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Sun Country Airlines during the 3rd quarter worth about $292,000. Weiss Asset Management LP raised its stake 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 valued at $6,472,000 after purchasing an additional 37,689 shares during the last quarter. State Street Corp lifted 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 valued at $17,721,000 after purchasing an additional 51,224 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Sun Country Airlines during the 3rd quarter worth about $2,980,000.

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.