Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $17.43.

SNCY has been the subject of several recent research reports. Susquehanna upped their price target on Sun Country Airlines from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Barclays dropped their target price on Sun Country Airlines from $24.00 to $18.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their target price on Sun Country Airlines from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, May 5th. Finally, TD Cowen increased their target price on Sun Country Airlines from $14.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th.

Sun Country Airlines Stock Up 3.8%

NASDAQ:SNCY opened at $12.77 on Friday. The business’s fifty day moving average price is $11.34 and its 200 day moving average price is $14.03. 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 1-year low of $8.10 and a 1-year high of $18.59. The firm has a market capitalization of $679.47 million, a price-to-earnings ratio of 13.44, a PEG ratio of 0.42 and a beta of 1.57.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm had revenue of $326.65 million during the quarter, compared to the consensus estimate of $329.51 million. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 EPS. On average, sell-side analysts forecast that Sun Country Airlines will post 1.92 earnings per share for the current fiscal year.

Insider Transactions at Sun Country Airlines

In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of Sun Country Airlines stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total transaction of $26,107.44. Following the transaction, the chief executive officer now directly owns 127,589 shares in the company, valued at approximately $1,533,619.78. The trade was a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 5,662 shares of company stock worth $68,045 in the last three months. Insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Sun Country Airlines by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,473 shares of the company’s stock worth $328,000 after acquiring an additional 796 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in Sun Country Airlines by 11.9% during the fourth quarter. New York State Teachers Retirement System now owns 14,168 shares of the company’s stock worth $207,000 after acquiring an additional 1,505 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Sun Country Airlines by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 356,033 shares of the company’s stock valued at $5,191,000 after purchasing an additional 1,932 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Sun Country Airlines by 13.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,944 shares of the company’s stock valued at $350,000 after purchasing an additional 2,792 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in shares of Sun Country Airlines by 9.2% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 48,735 shares of the company’s stock valued at $711,000 after purchasing an additional 4,089 shares in the last quarter.

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.