Barclays Increases Sun Country Airlines (NASDAQ:SNCY) Price Target to $24.00

Sun Country Airlines (NASDAQ:SNCY) had its target price upped by analysts at Barclays from $20.00 to $24.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 61.18% from the company’s current price.

Other analysts have also recently issued reports about the company. Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research note on Tuesday, October 8th. Susquehanna increased their price target on Sun Country Airlines from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.33.

Sun Country Airlines Stock Down 3.5 %

Shares of NASDAQ:SNCY opened at $14.89 on Thursday. The firm has a market capitalization of $788.28 million, a PE ratio of 18.38, a price-to-earnings-growth ratio of 0.70 and a beta of 1.48. Sun Country Airlines has a 1 year low of $9.22 and a 1 year high of $17.56. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. The firm’s 50-day moving average is $12.21 and its two-hundred day moving average is $11.59.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $249.50 million during the quarter, compared to analysts’ expectations of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 earnings per share. Analysts predict that Sun Country Airlines will post 0.98 EPS for the current year.

Insider Activity at Sun Country Airlines

In other news, VP John Gyurci sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were 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 owns 14,407 shares in the company, valued at approximately $162,799.10. The trade was a 17.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jude Bricker sold 37,817 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total transaction of $578,221.93. Following the completion of the transaction, the chief executive officer now owns 82,895 shares of the company’s stock, valued at approximately $1,267,464.55. The trade was a 31.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,720 shares of company stock valued at $694,763 over the last quarter. 4.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Sun Country Airlines

Several large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its holdings in shares of Sun Country Airlines by 76.9% in the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after acquiring an additional 1,000 shares during the period. The Manufacturers Life Insurance Company boosted its stake in 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 purchasing an additional 1,087 shares during the period. Illinois Municipal Retirement Fund grew its position in Sun Country Airlines by 5.2% during the 1st quarter. Illinois Municipal Retirement Fund now owns 22,841 shares of the company’s stock worth $345,000 after purchasing an additional 1,130 shares during the last quarter. American International Group Inc. increased its stake in Sun Country Airlines by 11.4% in the first quarter. American International Group Inc. now owns 22,927 shares of the company’s stock valued at $346,000 after purchasing an additional 2,347 shares during the period. Finally, CWM LLC raised its holdings in shares of Sun Country Airlines by 1,660.9% in the second quarter. CWM LLC now owns 2,659 shares of the company’s stock valued at $33,000 after buying an additional 2,508 shares during 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.