Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives Average Rating of “Moderate Buy” from Analysts

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $19.29.

Several research analysts have commented on SNCY shares. Susquehanna raised their target price on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. initiated coverage on Sun Country Airlines in a report on Wednesday, January 22nd. They issued an “overweight” rating and a $23.00 target price for the company.

Sun Country Airlines Price Performance

NASDAQ SNCY opened at $13.88 on Thursday. Sun Country Airlines has a 1 year low of $9.22 and a 1 year high of $18.59. The business’s fifty day moving average is $15.78 and its two-hundred day moving average is $14.19. The stock has a market capitalization of $737.83 million, a P/E ratio of 14.61, a P/E/G ratio of 0.42 and a beta of 1.46. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.63.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.21 by $0.06. The business had revenue of $260.40 million during the quarter, compared to the consensus estimate of $258.04 million. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. Sun Country Airlines’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.12 earnings per share. On average, research analysts forecast that Sun Country Airlines will post 1.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP John Gyurci sold 27,482 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $17.09, for a total transaction of $469,667.38. Following the completion of the transaction, the vice president now directly owns 11,618 shares in the company, valued at $198,551.62. The trade was a 70.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David M. Davis sold 59,389 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.05, for a total transaction of $1,012,582.45. Following the transaction, the chief financial officer now directly owns 32,260 shares in the company, valued at $550,033. This trade represents a 64.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 200,541 shares of company stock worth $3,380,795 in the last quarter. 4.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new stake in Sun Country Airlines during the fourth quarter worth $60,000. BNP Paribas Financial Markets bought a new position in shares of Sun Country Airlines during the 4th quarter worth about $74,000. Aquatic Capital Management LLC acquired a new stake in shares of Sun Country Airlines during the 4th quarter valued at about $102,000. Quarry LP increased its stake in Sun Country Airlines by 355.0% in the fourth quarter. Quarry LP now owns 7,894 shares of the company’s stock valued at $115,000 after acquiring an additional 6,159 shares during the period. Finally, State of Wyoming raised its position in Sun Country Airlines by 102.7% in the fourth quarter. State of Wyoming now owns 8,411 shares of the company’s stock worth $123,000 after purchasing an additional 4,262 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.