Sun Country Airlines (NASDAQ:SNCY) Price Target Raised to $22.00

Sun Country Airlines (NASDAQ:SNCY) had its price target lifted by TD Cowen from $18.00 to $22.00 in a research note published on Tuesday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

SNCY has been the subject of several other reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $19.00 target price (down from $22.00) on shares of Sun Country Airlines in a research report on Tuesday, January 13th. Susquehanna upgraded Sun Country Airlines from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $12.00 to $20.00 in a report on Friday, January 9th. Wolfe Research downgraded shares of Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 20th. Wall Street Zen downgraded shares of Sun Country Airlines from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Citigroup upped their price target on Sun Country Airlines from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 7th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Sun Country Airlines has an average rating of “Hold” and a consensus price target of $19.75.

Sun Country Airlines Stock Down 0.2%

Shares of Sun Country Airlines stock opened at $20.84 on Tuesday. The company has a 50-day simple moving average of $16.54 and a two-hundred day simple moving average of $13.71. The stock has a market capitalization of $1.10 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 0.47 and a beta of 1.58. Sun Country Airlines has a 52-week low of $8.10 and a 52-week high of $22.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.73 and a current ratio of 0.82.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Sun Country Airlines had a net margin of 4.69% and a return on equity of 8.92%. The firm had revenue of $280.96 million for the quarter, compared to analysts’ expectations of $272.98 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts anticipate that Sun Country Airlines will post 1.92 EPS for the current fiscal year.

Insider Activity at Sun Country Airlines

In other Sun Country Airlines news, CEO Jude Bricker sold 5,514 shares of Sun Country Airlines stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $14.97, for a total value of $82,544.58. Following the sale, the chief executive officer owned 173,044 shares in the company, valued at $2,590,468.68. The trade was a 3.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Stephen Andrew Coley sold 2,052 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $15.09, for a total transaction of $30,964.68. Following the transaction, the senior vice president directly owned 45,040 shares of the company’s stock, valued at $679,653.60. The trade was a 4.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 21,378 shares of company stock valued at $343,249. 5.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Sun Country Airlines

Several hedge funds and other institutional investors have recently made changes to their positions in SNCY. EverSource Wealth Advisors LLC increased its position in shares of Sun Country Airlines by 1,728.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company’s stock worth $25,000 after purchasing an additional 2,040 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Sun Country Airlines by 1,556.8% during the second quarter. Nisa Investment Advisors LLC now owns 4,490 shares of the company’s stock worth $53,000 after purchasing an additional 4,219 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Sun Country Airlines in the 2nd quarter worth about $59,000. Ameritas Investment Partners Inc. grew its position in shares of Sun Country Airlines by 40.4% in the second quarter. Ameritas Investment Partners Inc. now owns 5,224 shares of the company’s stock valued at $61,000 after purchasing an additional 1,504 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Sun Country Airlines by 183.8% during the second quarter. Tower Research Capital LLC TRC now owns 5,273 shares of the company’s stock worth $62,000 after buying an additional 3,415 shares in the last quarter.

About Sun Country Airlines

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.