Sun Country Airlines (NASDAQ:SNCY) Price Target Raised to $21.00

Sun Country Airlines (NASDAQ:SNCY) had its price objective raised by TD Cowen from $15.00 to $21.00 in a research report report published on Monday morning, MarketBeat reports. The firm currently has a buy rating on the stock.

SNCY has been the subject of a number of other research reports. Morgan Stanley reduced their price objective on shares of Sun Country Airlines from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Sun Country Airlines in a research report on Friday, October 31st. Cantor Fitzgerald set a $21.00 price objective on Sun Country Airlines in a research note on Monday. JPMorgan Chase & Co. lifted their target price on Sun Country Airlines from $18.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Finally, Wall Street Zen downgraded shares of Sun Country Airlines from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Sun Country Airlines presently has an average rating of “Moderate Buy” and a consensus price target of $19.13.

Sun Country Airlines Stock Performance

Shares of Sun Country Airlines stock opened at $12.59 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.73 and a debt-to-equity ratio of 0.76. The stock’s fifty day moving average price is $12.18 and its 200-day moving average price is $11.79. The firm has a market cap of $663.74 million, a P/E ratio of 11.99, a P/E/G ratio of 0.39 and a beta of 1.59. Sun Country Airlines has a 12 month low of $8.10 and a 12 month high of $18.59.

Sun Country Airlines (NASDAQ:SNCY) last issued its earnings results on Wednesday, June 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter. Sun Country Airlines had a return on equity of 10.32% and a net margin of 5.25%.The business had revenue of $127.61 million for the quarter. On average, equities research analysts expect that Sun Country Airlines will post 1.92 earnings per share for the current fiscal year.

Insider Transactions at Sun Country Airlines

In other news, CEO Jude Bricker sold 2,139 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $11.69, for a total transaction of $25,004.91. Following the transaction, the chief executive officer owned 123,347 shares in the company, valued at $1,441,926.43. This represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP John Gyurci sold 5,000 shares of Sun Country Airlines stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $13.18, for a total transaction of $65,900.00. Following the completion of the sale, the vice president owned 25,109 shares of the company’s stock, valued at $330,936.62. This trade represents a 16.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,853 shares of company stock worth $112,101 in the last 90 days. Insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

Several hedge funds have recently made changes to their positions in the company. New York State Teachers Retirement System raised its stake in shares of Sun Country Airlines by 17.2% during the 1st quarter. New York State Teachers Retirement System now owns 16,611 shares of the company’s stock valued at $205,000 after buying an additional 2,443 shares during the last quarter. U S Global Investors Inc. grew its holdings in Sun Country Airlines by 20.6% during the second quarter. U S Global Investors Inc. now owns 2,076,107 shares of the company’s stock worth $24,394,000 after acquiring an additional 354,569 shares during the period. CWM LLC lifted its holdings in Sun Country Airlines by 1,439.4% in the second quarter. CWM LLC now owns 29,063 shares of the company’s stock valued at $341,000 after acquiring an additional 27,175 shares during the period. Burkehill Global Management LP purchased a new stake in Sun Country Airlines in the 1st quarter worth approximately $1,232,000. Finally, American Century Companies Inc. boosted its position in Sun Country Airlines by 20.5% in the 1st quarter. American Century Companies Inc. now owns 1,681,820 shares of the company’s stock worth $20,720,000 after purchasing an additional 285,872 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.