Sun Country Airlines (NASDAQ:SNCY) Price Target Raised to $20.00

Sun Country Airlines (NASDAQ:SNCY) had its target price lifted by Citigroup from $18.00 to $20.00 in a research note released on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also recently issued research reports about the company. Susquehanna upgraded Sun Country Airlines from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $12.00 to $20.00 in a research note on Friday, January 9th. Zacks Research upgraded Sun Country Airlines from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sun Country Airlines in a report on Monday, December 29th. TD Cowen reissued a “hold” rating on shares of Sun Country Airlines in a research report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $19.00 price target (down from $22.00) on shares of Sun Country Airlines in a report on Tuesday, January 13th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $20.00.

Sun Country Airlines Price Performance

SNCY opened at $15.95 on Friday. Sun Country Airlines has a 52-week low of $8.10 and a 52-week high of $22.29. The company has a 50 day moving average of $18.40 and a two-hundred day moving average of $14.88. The company has a market cap of $848.86 million, a P/E ratio of 16.61, a P/E/G ratio of 0.37 and a beta of 1.55. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.71.

Sun Country Airlines (NASDAQ:SNCY) last issued its earnings results on Thursday, February 5th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Sun Country Airlines had a net margin of 4.69% and a return on equity of 8.92%. The business had revenue of $280.96 million for the quarter, compared to the consensus estimate of $272.98 million. During the same quarter last year, the firm posted $0.27 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts expect that Sun Country Airlines will post 1.92 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Erin Rose Neale sold 2,257 shares of the firm’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $17.53, for a total transaction of $39,565.21. Following the completion of the sale, the senior vice president directly owned 38,931 shares in the company, valued at $682,460.43. This trade represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jude Bricker sold 5,514 shares of Sun Country Airlines stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $14.97, for a total value of $82,544.58. Following the sale, the chief executive officer directly owned 173,044 shares in the company, valued at approximately $2,590,468.68. The trade was a 3.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 20,755 shares of company stock worth $334,558 in the last quarter. 4.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. SummerHaven Investment Management LLC increased its holdings in Sun Country Airlines by 1.3% during the 3rd quarter. SummerHaven Investment Management LLC now owns 63,294 shares of the company’s stock worth $748,000 after purchasing an additional 806 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Sun Country Airlines by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,487 shares of the company’s stock valued at $289,000 after purchasing an additional 1,014 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of Sun Country Airlines by 7.7% during the 3rd quarter. New York State Teachers Retirement System now owns 17,895 shares of the company’s stock valued at $211,000 after buying an additional 1,284 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Sun Country Airlines by 2.1% during the 2nd quarter. Legal & General Group Plc now owns 68,113 shares of the company’s stock valued at $800,000 after buying an additional 1,395 shares during the last quarter. Finally, Yousif Capital Management LLC grew its position in shares of Sun Country Airlines by 10.2% during the third quarter. Yousif Capital Management LLC now owns 16,252 shares of the company’s stock worth $192,000 after buying an additional 1,500 shares in the last quarter.

Sun Country Airlines Company Profile

Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.