Susquehanna Lowers Sun Country Airlines (NASDAQ:SNCY) Price Target to $11.00

Sun Country Airlines (NASDAQ:SNCY) had its price target decreased by stock analysts at Susquehanna from $17.00 to $11.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Susquehanna’s price objective suggests a potential upside of 14.82% from the stock’s current price.

Separately, JPMorgan Chase & Co. started coverage on Sun Country Airlines in a research report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.71.

Sun Country Airlines Trading Down 7.3 %

NASDAQ:SNCY opened at $9.58 on Monday. The company has a 50-day moving average price of $14.63 and a 200-day moving average price of $14.21. The stock has a market cap of $509.25 million, a price-to-earnings ratio of 10.08, a P/E/G ratio of 0.42 and a beta of 1.55. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. Sun Country Airlines has a 12 month low of $9.22 and a 12 month high of $18.59.

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

Insider Activity

In other news, VP John Gyurci sold 6,000 shares of Sun Country Airlines stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $17.13, for a total value of $102,780.00. Following the completion of the transaction, the vice president now owns 11,618 shares of the company’s stock, valued at $199,016.34. The trade was a 34.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David M. Davis sold 2,760 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $15.93, for a total transaction of $43,966.80. Following the completion of the transaction, the chief financial officer now owns 32,260 shares in the company, valued at approximately $513,901.80. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 202,369 shares of company stock worth $3,394,302. Insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

A number of institutional investors have recently made changes to their positions in SNCY. Pacer Advisors Inc. bought a new position in Sun Country Airlines in the 4th quarter valued at approximately $30,841,000. Ameriprise Financial Inc. lifted its holdings in shares of Sun Country Airlines by 34.0% during the fourth quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company’s stock valued at $45,467,000 after purchasing an additional 791,669 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Sun Country Airlines during the fourth quarter valued at $8,868,000. Arrowstreet Capital Limited Partnership bought a new stake in Sun Country Airlines in the 4th quarter worth about $6,898,000. Finally, Zimmer Partners LP purchased a new position in Sun Country Airlines in the 4th quarter worth about $6,261,000.

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.