Sun Country Airlines (NASDAQ:SNCY) Price Target Raised to $14.00

Sun Country Airlines (NASDAQ:SNCY) had its price objective lifted by Susquehanna from $11.00 to $14.00 in a report issued on Monday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

Separately, Wolfe Research raised Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a research note on Tuesday, October 8th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.80.

Sun Country Airlines Stock Up 6.6 %

SNCY stock opened at $15.56 on Monday. The business’s 50-day moving average price is $11.51 and its 200-day moving average price is $11.49. The stock has a market cap of $823.75 million, a P/E ratio of 19.21, a PEG ratio of 0.66 and a beta of 1.48. Sun Country Airlines has a twelve month low of $9.22 and a twelve month high of $17.56. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $249.50 million during the quarter, compared to analyst estimates of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The company’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. On average, equities research analysts forecast that Sun Country Airlines will post 0.98 EPS for the current year.

Insiders Place Their Bets

In other news, VP John Gyurci sold 3,000 shares of the firm’s stock in a transaction dated 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 owns 14,407 shares in the company, valued at $162,799.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 7,788 shares of company stock worth $85,852 in the last 90 days. 4.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SNCY. Farther Finance Advisors LLC lifted its position in Sun Country Airlines by 76.9% during the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after purchasing an additional 1,000 shares during the last quarter. CWM LLC grew its position in Sun Country Airlines by 1,660.9% in the second 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 bought a new stake in Sun Country Airlines during the second quarter worth approximately $40,000. DekaBank Deutsche Girozentrale purchased a new stake in Sun Country Airlines during the first quarter valued at approximately $66,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Sun Country Airlines during the second quarter valued at approximately $80,000.

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.