Sun Country Airlines (NASDAQ:SNCY) Given New $20.00 Price Target at Citigroup

Sun Country Airlines (NASDAQ:SNCY) had its target price lifted by Citigroup from $18.00 to $20.00 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s target price would suggest a potential upside of 25.59% from the stock’s previous close.

Several other analysts have also weighed in on SNCY. Wolfe Research lowered shares of Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $19.00 price target (down from $22.00) on shares of Sun Country Airlines in a report on Tuesday, January 13th. Susquehanna raised shares of Sun Country Airlines from a “neutral” rating to a “positive” rating and boosted their price objective for the company from $12.00 to $20.00 in a research report on Friday, January 9th. Zacks Research upgraded shares of Sun Country Airlines from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. Finally, TD Cowen reissued a “hold” rating on shares of Sun Country Airlines in a report on Tuesday, February 10th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $20.00.

Sun Country Airlines Stock Down 2.4%

NASDAQ:SNCY traded down $0.40 during mid-day trading on Friday, reaching $15.93. The stock had a trading volume of 256,512 shares, compared to its average volume of 1,493,566. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.82 and a quick ratio of 0.79. The company has a market capitalization of $847.53 million, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 0.37 and a beta of 1.55. Sun Country Airlines has a 1-year low of $8.10 and a 1-year high of $22.29. The stock’s 50 day simple moving average is $18.39 and its two-hundred day simple moving average is $14.84.

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

Insider Transactions at Sun Country Airlines

In related news, SVP Erin Rose Neale sold 2,257 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $17.53, for a total value of $39,565.21. Following the completion of the transaction, the senior vice president directly owned 38,931 shares of the company’s stock, valued at $682,460.43. This represents a 5.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Stephen Andrew Coley sold 2,052 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $15.09, for a total value of $30,964.68. Following the completion of the sale, the senior vice president owned 45,040 shares in the company, valued at approximately $679,653.60. This represents a 4.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 20,755 shares of company stock worth $334,558. Company insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Sun Country Airlines by 13.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,817,742 shares of the company’s stock valued at $56,898,000 after buying an additional 589,323 shares in the last quarter. Frontier Capital Management Co. LLC raised its position in shares of Sun Country Airlines by 53.3% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 3,533,617 shares of the company’s stock worth $41,520,000 after buying an additional 1,228,721 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Sun Country Airlines by 1.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,178,770 shares of the company’s stock worth $37,351,000 after acquiring an additional 43,197 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Sun Country Airlines by 6.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,685,524 shares of the company’s stock valued at $38,645,000 after acquiring an additional 161,833 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Sun Country Airlines by 7.2% in the fourth quarter. State Street Corp now owns 2,023,372 shares of the company’s stock valued at $29,116,000 after acquiring an additional 136,038 shares in the last quarter.

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.