Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Given Consensus Rating of “Hold” by Brokerages

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have been given an average rating of “Hold” by the nine research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $20.2857.

SNCY has been the subject of a number of research reports. Susquehanna upgraded Sun Country Airlines from a “neutral” rating to a “positive” rating and lifted their price objective for the stock from $12.00 to $20.00 in a research report on Friday, January 9th. Citigroup lifted their price objective on Sun Country Airlines from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, March 20th. Weiss Ratings lowered Sun Country Airlines from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. Wolfe Research lowered Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 20th. Finally, Zacks Research lowered Sun Country Airlines from a “hold” rating to a “strong sell” rating in a research report on Monday, April 13th.

Hedge Funds Weigh In On Sun Country Airlines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC bought a new position in Sun Country Airlines during the third quarter worth about $1,098,000. Y Intercept Hong Kong Ltd bought a new position in Sun Country Airlines during the third quarter worth about $858,000. Primecap Management Co. CA boosted its holdings in Sun Country Airlines by 74.5% during the third quarter. Primecap Management Co. CA now owns 143,115 shares of the company’s stock worth $1,690,000 after buying an additional 61,100 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in Sun Country Airlines by 28.9% during the third quarter. Public Sector Pension Investment Board now owns 247,847 shares of the company’s stock worth $2,927,000 after buying an additional 55,627 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Sun Country Airlines by 8.2% during the third quarter. American Century Companies Inc. now owns 1,989,120 shares of the company’s stock worth $23,492,000 after buying an additional 150,778 shares during the last quarter.

Sun Country Airlines Stock Performance

Shares of NASDAQ:SNCY opened at $15.80 on Friday. The business has a fifty day moving average of $17.22 and a 200-day moving average of $15.77. The firm has a market cap of $856.20 million, a PE ratio of 16.46, a price-to-earnings-growth ratio of 0.55 and a beta of 1.59. Sun Country Airlines has a twelve month low of $9.73 and a twelve month high of $22.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.79 and a current ratio of 0.82.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $280.96 million during the quarter, compared to analyst estimates of $272.98 million. Sun Country Airlines had a return on equity of 8.92% and a net margin of 4.69%.The company’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the company earned $0.27 earnings per share. On average, equities research analysts predict that Sun Country Airlines will post 1 EPS for the current fiscal year.

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.