Sun Country Airlines (NASDAQ:SNCY) Price Target Cut to $17.00 by Analysts at TD Cowen

Sun Country Airlines (NASDAQ:SNCY) had its price objective cut by investment analysts at TD Cowen from $22.00 to $17.00 in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price objective would suggest a potential downside of 0.12% from the company’s previous close.

A number of other equities analysts have also recently issued reports on SNCY. JPMorgan Chase & Co. restated a “neutral” rating and issued a $19.00 price objective (down from $22.00) on shares of Sun Country Airlines in a research note on Tuesday, January 13th. Zacks Research cut shares of Sun Country Airlines from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Weiss Ratings lowered shares of Sun Country Airlines from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 29th. Wolfe Research cut shares of Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 20th. Finally, Citigroup lifted their price objective on Sun Country Airlines from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, March 20th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Sun Country Airlines currently has a consensus rating of “Hold” and a consensus target price of $19.57.

Sun Country Airlines Price Performance

Shares of NASDAQ:SNCY opened at $17.02 on Friday. The firm has a market capitalization of $922.48 million, a PE ratio of 17.73, a PEG ratio of 0.58 and a beta of 1.40. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 0.65. Sun Country Airlines has a 1-year low of $10.14 and a 1-year high of $22.29. The business’s 50 day moving average is $17.00 and its 200-day moving average is $15.93.

Sun Country Airlines (NASDAQ:SNCY) last issued its earnings results on Thursday, February 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. Sun Country Airlines had a return on equity of 6.45% and a net margin of 3.55%.The firm had revenue of $280.96 million during the quarter, compared to analysts’ expectations of $272.98 million. During the same period last year, the business earned $0.27 earnings per share. Sun Country Airlines’s quarterly revenue was up 7.9% compared to the same quarter last year. Sell-side analysts predict that Sun Country Airlines will post 1 earnings per share for the current year.

Institutional Investors Weigh In On Sun Country Airlines

Large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its position in Sun Country Airlines by 1,728.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company’s stock valued at $25,000 after purchasing an additional 2,040 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Sun Country Airlines by 3,612.3% during the first quarter. Parallel Advisors LLC now owns 3,007 shares of the company’s stock worth $50,000 after purchasing an additional 2,926 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Sun Country Airlines in the second quarter valued at $59,000. Tower Research Capital LLC TRC raised its holdings in shares of Sun Country Airlines by 183.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,273 shares of the company’s stock valued at $62,000 after buying an additional 3,415 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Sun Country Airlines in the first quarter valued at about $86,000.

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.