Sun Country Airlines (NASDAQ:SNCY) Now Covered by JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Sun Country Airlines (NASDAQ:SNCY) in a research note published on Wednesday, Marketbeat.com reports. The firm issued an overweight rating and a $23.00 price target on the stock.

A number of other analysts have also issued reports on the company. Susquehanna lifted their target price on Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group restated a “neutral” rating and set a $17.00 price objective on shares of Sun Country Airlines in a report on Friday, November 15th. Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 target price for the company in a research note on Tuesday, October 8th. Finally, Barclays lifted their price target on shares of Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.29.

Sun Country Airlines Stock Performance

NASDAQ:SNCY opened at $16.76 on Wednesday. The firm’s fifty day simple moving average is $15.03 and its 200 day simple moving average is $12.88. 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 has a twelve month low of $9.22 and a twelve month high of $17.51. The firm has a market capitalization of $887.27 million, a price-to-earnings ratio of 20.69, a PEG ratio of 0.37 and a beta of 1.44.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The company had revenue of $249.50 million for the quarter, compared to analysts’ expectations of $250.30 million. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 earnings per share. As a group, equities research analysts expect that Sun Country Airlines will post 0.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sun Country Airlines news, CFO David M. Davis sold 59,380 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $16.91, for a total value of $1,004,115.80. Following the sale, the chief financial officer now owns 32,260 shares in the company, valued at approximately $545,516.60. This trade represents a 64.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John Gyurci sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $15.61, for a total value of $624,400.00. Following the completion of the sale, the vice president now owns 12,999 shares in the company, valued at approximately $202,914.39. This represents a 75.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 166,838 shares of company stock valued at $2,675,555 in the last quarter. Company insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its stake in Sun Country Airlines by 76.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after purchasing an additional 1,000 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Sun Country Airlines by 4,522.7% in the third quarter. US Bancorp DE now owns 8,367 shares of the company’s stock valued at $94,000 after buying an additional 8,186 shares during the period. Paloma Partners Management Co bought a new position in Sun Country Airlines during the third quarter valued at about $132,000. SG Americas Securities LLC acquired a new position in Sun Country Airlines during the third quarter worth about $159,000. Finally, The Manufacturers Life Insurance Company raised its position in Sun Country Airlines by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company’s stock worth $188,000 after acquiring an additional 1,087 shares in 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.