Sun Country Airlines (NASDAQ:SNCY) Now Covered by Analysts at JPMorgan Chase & Co.

Investment analysts at JPMorgan Chase & Co. assumed coverage on shares of Sun Country Airlines (NASDAQ:SNCY) in a research note issued on Wednesday, Marketbeat reports. The firm set an “overweight” rating and a $23.00 price target on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 38.30% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. Susquehanna increased their price target on Sun Country Airlines from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Wolfe Research upgraded shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target for the company in a report on Tuesday, October 8th. Barclays upped their price objective on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $17.00 target price on shares of Sun Country Airlines in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $19.29.

Sun Country Airlines Stock Performance

Sun Country Airlines stock opened at $16.63 on Wednesday. The business has a 50 day moving average of $14.94 and a 200-day moving average of $12.79. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. Sun Country Airlines has a 1 year low of $9.22 and a 1 year high of $17.00. The company has a market capitalization of $880.39 million, a P/E ratio of 20.53, a P/E/G ratio of 0.36 and a beta of 1.44.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The firm had revenue of $249.50 million during the quarter, compared to the consensus estimate of $250.30 million. During the same quarter last year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts predict that Sun Country Airlines will post 0.93 earnings per share for the current year.

Insider Activity

In other news, CEO Jude Bricker sold 37,817 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $15.29, for a total transaction of $578,221.93. Following the transaction, the chief executive officer now directly owns 82,895 shares of the company’s stock, valued at $1,267,464.55. This represents a 31.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Erin Rose Neale sold 1,738 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $14.88, for a total transaction of $25,861.44. Following the sale, the senior vice president now owns 30,142 shares of the company’s stock, valued at $448,512.96. This trade represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 101,458 shares of company stock worth $1,568,660. Company insiders own 4.60% of the company’s stock.

Institutional Trading of Sun Country Airlines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its holdings 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 worth $26,000 after buying an additional 1,000 shares in the last quarter. US Bancorp DE grew its stake in shares of Sun Country Airlines by 4,522.7% in the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company’s stock worth $94,000 after acquiring an additional 8,186 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of Sun Country Airlines in the third quarter valued at about $132,000. SG Americas Securities LLC bought a new stake in Sun Country Airlines in the 3rd quarter worth about $159,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Sun Country Airlines by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company’s stock worth $188,000 after buying an additional 1,087 shares in the last quarter.

About Sun Country Airlines

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.