Sun Country Airlines (NASDAQ:SNCY) Stock Price Expected to Rise, Barclays Analyst Says

Sun Country Airlines (NASDAQ:SNCY) had its price objective lifted by Barclays from $20.00 to $24.00 in a report released on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 61.18% from the stock’s current price.

A number of other analysts have also recently commented on the stock. 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 note on Monday, November 4th. Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $18.33.

Sun Country Airlines Stock Performance

Shares of SNCY stock opened at $14.89 on Thursday. The company has a market capitalization of $788.28 million, a P/E ratio of 18.38, a P/E/G ratio of 0.70 and a beta of 1.48. Sun Country Airlines has a 12-month low of $9.22 and a 12-month high of $17.56. The business’s 50 day moving average is $12.21 and its two-hundred day moving average is $11.59. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $249.50 million for the quarter, compared to analyst estimates of $250.30 million. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 EPS. Analysts expect that Sun Country Airlines will post 0.98 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jude Bricker sold 37,817 shares of Sun Country Airlines stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $15.29, for a total transaction of $578,221.93. Following the transaction, the chief executive officer now owns 82,895 shares in the company, valued at approximately $1,267,464.55. This trade represents a 31.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP John Gyurci sold 3,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $11.30, for a total value of $33,900.00. Following the completion of the sale, the vice president now owns 14,407 shares of the company’s stock, valued at approximately $162,799.10. The trade was a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,720 shares of company stock worth $694,763. 4.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Sun Country Airlines

A number of institutional investors have recently bought and sold shares of SNCY. Farther Finance Advisors LLC increased its stake 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 acquiring an additional 1,000 shares during the last quarter. CWM LLC boosted its stake in Sun Country Airlines by 1,660.9% during the second quarter. CWM LLC now owns 2,659 shares of the company’s stock worth $33,000 after buying an additional 2,508 shares during the period. Innealta Capital LLC purchased a new position in Sun Country Airlines during the second quarter worth about $40,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Sun Country Airlines during the first quarter valued at about $66,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Sun Country Airlines in the 2nd quarter valued at approximately $80,000.

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.