Sun Country Airlines (NASDAQ:SNCY) Price Target Raised to $16.00

Sun Country Airlines (NASDAQ:SNCY) had its target price raised by investment analysts at Susquehanna from $14.00 to $16.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Susquehanna’s price objective would indicate a potential upside of 2.24% from the company’s previous close.

A number of other research analysts have also recently issued reports on SNCY. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 price objective on shares of Sun Country Airlines in a research note on Friday, November 15th. Barclays lifted their price target on Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, Wolfe Research raised Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Sun Country Airlines has a consensus rating of “Moderate Buy” and a consensus target price of $18.67.

Sun Country Airlines Stock Performance

Shares of NASDAQ:SNCY traded up $0.60 on Tuesday, reaching $15.65. 163,793 shares of the company’s stock were exchanged, compared to its average volume of 416,440. 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 $16.34. The company has a fifty day moving average of $14.62 and a 200-day moving average of $12.50. The company has a market capitalization of $828.51 million, a price-to-earnings ratio of 19.32, a PEG ratio of 0.71 and a beta of 1.44.

Sun Country Airlines (NASDAQ:SNCY) last posted 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 firm had revenue of $249.50 million for 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 was up .2% on a year-over-year basis. During the same quarter last year, the company earned $0.14 EPS. On average, research analysts predict that Sun Country Airlines will post 0.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP John Gyurci sold 40,000 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 12,999 shares of the company’s stock, valued at approximately $202,914.39. This represents a 75.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Erin Rose Neale sold 1,738 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $14.88, for a total transaction of $25,861.44. Following the sale, the senior vice president now owns 30,142 shares of the company’s stock, valued at approximately $448,512.96. This trade represents a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 81,670 shares of company stock valued at $1,259,172 in the last ninety days. 4.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SNCY. Farther Finance Advisors LLC increased its holdings in Sun Country Airlines by 76.9% in the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after purchasing an additional 1,000 shares in the last quarter. US Bancorp DE boosted its stake in Sun Country Airlines by 4,522.7% during the third quarter. US Bancorp DE now owns 8,367 shares of the company’s stock worth $94,000 after acquiring an additional 8,186 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Sun Country Airlines during the second quarter worth $124,000. Paloma Partners Management Co acquired a new stake in Sun Country Airlines in the third quarter worth $132,000. Finally, SG Americas Securities LLC bought a new stake in Sun Country Airlines in the third quarter valued at $159,000.

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.