Sun Country Airlines’ (SNCY) “Neutral” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their neutral rating on shares of Sun Country Airlines (NASDAQ:SNCY) in a research note published on Tuesday morning, MarketBeat.com reports. They currently have a $19.00 price objective on the stock, down from their previous price objective of $22.00.

A number of other research firms also recently weighed in on SNCY. Weiss Ratings restated a “hold (c)” rating on shares of Sun Country Airlines in a report on Monday, December 29th. Cantor Fitzgerald set a $21.00 price objective on Sun Country Airlines in a research note on Monday, November 3rd. TD Cowen upped their price objective on Sun Country Airlines from $15.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Susquehanna upgraded 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 report on Friday, January 9th. Finally, Evercore ISI upped their price objective on Sun Country Airlines from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.63.

Sun Country Airlines Stock Up 2.2%

NASDAQ SNCY opened at $17.56 on Tuesday. The stock has a 50 day moving average price of $14.15 and a 200-day moving average price of $12.85. Sun Country Airlines has a one year low of $8.10 and a one year high of $18.59. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.73 and a current ratio of 0.76. The company has a market capitalization of $925.76 million, a P/E ratio of 16.72, a P/E/G ratio of 0.38 and a beta of 1.57.

Insiders Place Their Bets

In other news, CEO Jude Bricker sold 5,514 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $14.97, for a total transaction of $82,544.58. Following the transaction, the chief executive officer owned 173,044 shares in the company, valued at approximately $2,590,468.68. This trade represents a 3.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Stephen Andrew Coley sold 2,052 shares of Sun Country Airlines stock in a transaction dated 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 of the company’s stock, valued at $679,653.60. The trade was a 4.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 20,626 shares of company stock worth $329,766 in the last ninety days. 5.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Baron Wealth Management LLC purchased a new stake in shares of Sun Country Airlines in the 4th quarter worth approximately $189,000. Exchange Traded Concepts LLC raised its stake in Sun Country Airlines by 4.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 97,282 shares of the company’s stock worth $1,400,000 after buying an additional 4,316 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Sun Country Airlines during the fourth quarter worth $297,000. CIBC Bancorp USA Inc. purchased a new stake in Sun Country Airlines during the third quarter worth $259,000. Finally, Hancock Whitney Corp boosted its position in Sun Country Airlines by 58.9% during the 3rd quarter. Hancock Whitney Corp now owns 41,844 shares of the company’s stock valued at $494,000 after acquiring an additional 15,507 shares in the last quarter.

Trending Headlines about Sun Country Airlines

Here are the key news stories impacting Sun Country Airlines this week:

• Positive Sentiment: Allegiant announced a deal to acquire Sun Country, offering 0.1557 Allegiant shares plus $4.10 cash per SNCY share — this is the main catalyst pushing SNCY higher because it creates a defined takeover value for shareholders. Allegiant to buy Sun Country
• Neutral Sentiment: JPMorgan reiterated a “neutral” rating on SNCY with a $19 price target — a neutral stance that suggests limited additional analyst enthusiasm beyond the deal premium. JPMorgan reiterates neutral
• Negative Sentiment: Two law firms (Kahn Swick & Foti and Ademi LLP) launched investigations into whether the Allegiant offer process and price are fair — these probes raise the chance of shareholder litigation, which can delay closing or push for improved terms. KSF investigation
• Negative Sentiment: Cluster of insider sales (CEO Jude Bricker sold ~5,062 shares; multiple SVPs and a VP also sold smaller amounts around Jan. 12) — concentrated insider selling can be perceived negatively by investors and add downward pressure or increase skepticism about management’s view of the deal/stock. CEO Form 4

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.