Brokerages Set Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Price Target at $19.29

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $19.29.

SNCY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on Sun Country Airlines in a research note on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 price objective on the stock. 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.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, SVP Grant Whitney sold 2,127 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $15.98, for a total value of $33,989.46. Following the transaction, the senior vice president now directly owns 20,367 shares of the company’s stock, valued at approximately $325,464.66. The trade was a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David M. Davis sold 2,760 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $15.93, for a total value of $43,966.80. Following the completion of the transaction, the chief financial officer now directly owns 32,260 shares in the company, valued at approximately $513,901.80. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 200,541 shares of company stock valued at $3,380,795. 4.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sun Country Airlines

Institutional investors have recently modified their holdings of the company. State Street Corp raised its position in shares of Sun Country Airlines by 3.3% during the third quarter. State Street Corp now owns 1,580,834 shares of the company’s stock worth $17,721,000 after purchasing an additional 51,224 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Sun Country Airlines during the fourth quarter worth approximately $190,000. FMR LLC raised its position in shares of Sun Country Airlines by 19.0% during the third quarter. FMR LLC now owns 717,341 shares of the company’s stock worth $8,041,000 after purchasing an additional 114,687 shares during the period. JPMorgan Chase & Co. raised its position in shares of Sun Country Airlines by 695.3% during the third quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company’s stock worth $2,882,000 after purchasing an additional 224,774 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Sun Country Airlines by 87.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company’s stock worth $6,114,000 after purchasing an additional 196,094 shares during the period.

Sun Country Airlines Stock Performance

NASDAQ:SNCY opened at $12.81 on Thursday. The stock has a market cap of $680.95 million, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 0.42 and a beta of 1.46. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The stock’s 50-day moving average is $15.82 and its 200-day moving average is $14.15. Sun Country Airlines has a 1-year low of $9.22 and a 1-year high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The company had revenue of $260.40 million for the quarter, compared to analyst estimates of $258.04 million. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 earnings per share. Equities research analysts anticipate that Sun Country Airlines will post 1.92 earnings per share for the current year.

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.