Susquehanna Issues Positive Forecast for Sun Country Airlines (NASDAQ:SNCY) Stock Price

Sun Country Airlines (NASDAQ:SNCY) had its price target boosted by Susquehanna from $14.00 to $16.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts also recently weighed in on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $17.00 price target on shares of Sun Country Airlines in a research report on Friday, November 15th. Wolfe Research raised Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price on the stock in a research report on Tuesday, October 8th. Finally, Barclays increased their price target on Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.67.

Sun Country Airlines Trading Up 6.4 %

SNCY opened at $16.01 on Tuesday. Sun Country Airlines has a fifty-two week low of $9.22 and a fifty-two week high of $16.34. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. The company has a market cap of $847.57 million, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44. The firm has a 50 day simple moving average of $14.69 and a 200 day simple moving average of $12.53.

Sun Country Airlines (NASDAQ:SNCY) last posted its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $249.50 million during 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 company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 EPS. On average, sell-side analysts anticipate that Sun Country Airlines will post 0.92 earnings per share for the current year.

Insider Activity

In related news, CEO Jude Bricker sold 37,817 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $15.29, for a total value of $578,221.93. Following the completion of the transaction, the chief executive officer now owns 82,895 shares of the company’s stock, valued at $1,267,464.55. The trade was a 31.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John Gyurci sold 40,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $15.61, for a total transaction of $624,400.00. Following the sale, the vice president now directly owns 12,999 shares of the company’s stock, valued at $202,914.39. This represents a 75.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 85,504 shares of company stock worth $1,313,710. Corporate insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SNCY. JPMorgan Chase & Co. boosted its holdings in shares of Sun Country Airlines by 695.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company’s stock valued at $2,882,000 after purchasing an additional 224,774 shares in the last quarter. Franklin Resources Inc. grew its position in Sun Country Airlines by 29.3% in the third quarter. Franklin Resources Inc. now owns 25,483 shares of the company’s stock valued at $269,000 after acquiring an additional 5,782 shares during the last quarter. Barclays PLC lifted its holdings in shares of Sun Country Airlines by 260.8% in the third quarter. Barclays PLC now owns 117,457 shares of the company’s stock worth $1,316,000 after acquiring an additional 84,906 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Sun Country Airlines in the 3rd quarter valued at approximately $292,000. Finally, Weiss Asset Management LP grew its holdings in shares of Sun Country Airlines by 7.0% during the 3rd quarter. Weiss Asset Management LP now owns 577,337 shares of the company’s stock valued at $6,472,000 after purchasing an additional 37,689 shares during the last quarter.

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.