Wolfe Research Upgrades Sun Country Airlines (NASDAQ:SNCY) to “Outperform”

Wolfe Research upgraded shares of Sun Country Airlines (NASDAQ:SNCYFree Report) from a peer perform rating to an outperform rating in a research report released on Tuesday, Marketbeat Ratings reports. The firm currently has $14.00 target price on the stock.

Other equities research analysts have also recently issued research reports about the company. TD Cowen boosted their target price on Sun Country Airlines from $17.00 to $20.00 and gave the stock a buy rating in a report on Tuesday, June 25th. Susquehanna dropped their price objective on Sun Country Airlines from $13.00 to $11.00 and set a neutral rating on the stock in a research note on Friday, August 16th. Finally, Morgan Stanley reaffirmed an overweight rating and set a $21.00 target price on shares of Sun Country Airlines in a research note on Thursday, June 20th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $17.20.

Get Our Latest Stock Analysis on Sun Country Airlines

Sun Country Airlines Stock Down 0.1 %

Sun Country Airlines stock opened at $10.65 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.56 and a current ratio of 0.58. Sun Country Airlines has a one year low of $9.22 and a one year high of $17.56. The company has a 50-day simple moving average of $10.56 and a 200-day simple moving average of $11.77. The firm has a market capitalization of $562.43 million, a P/E ratio of 11.83, a P/E/G ratio of 0.53 and a beta of 1.54.

Sun Country Airlines (NASDAQ:SNCYGet Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. Sun Country Airlines had a net margin of 4.75% and a return on equity of 10.34%. The company had revenue of $254.40 million for the quarter, compared to analyst estimates of $255.59 million. During the same quarter last year, the business earned $0.40 earnings per share. Sun Country Airlines’s revenue was down 2.6% compared to the same quarter last year. As a group, equities analysts expect that Sun Country Airlines will post 0.86 earnings per share for the current year.

Insider Buying and Selling at Sun Country Airlines

In other news, VP John Gyurci sold 3,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $11.30, for a total transaction of $33,900.00. Following the completion of the sale, the vice president now directly owns 14,407 shares of the company’s stock, valued at $162,799.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP Grant Whitney sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $12.06, for a total transaction of $60,300.00. Following the sale, the senior vice president now owns 25,068 shares in the company, valued at $302,320.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John Gyurci sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $11.30, for a total transaction of $33,900.00. Following the completion of the transaction, the vice president now directly owns 14,407 shares of the company’s stock, valued at $162,799.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,788 shares of company stock valued at $146,152. Corporate insiders own 4.60% of the company’s stock.

Institutional Trading of Sun Country Airlines

Several hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC lifted its stake in Sun Country Airlines by 1,660.9% in the 2nd quarter. CWM LLC now owns 2,659 shares of the company’s stock worth $33,000 after acquiring an additional 2,508 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Sun Country Airlines in the second quarter worth approximately $40,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Sun Country Airlines during the first quarter worth approximately $66,000. Allspring Global Investments Holdings LLC purchased a new position in Sun Country Airlines during the second quarter valued at approximately $80,000. Finally, Meeder Asset Management Inc. acquired a new position in Sun Country Airlines in the 2nd quarter valued at approximately $124,000.

About Sun Country Airlines

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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.

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Analyst Recommendations for Sun Country Airlines (NASDAQ:SNCY)

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