Evercore ISI Cuts Sun Country Airlines (NASDAQ:SNCY) Price Target to $19.00

Key Points

• Evercore ISI has lowered its price target for Sun Country Airlines from $20.00 to $19.00 while maintaining an "outperform" rating, suggesting a potential upside of 77.70% based on the company's previous close.
• Other analysts have also adjusted their price targets for the stock, with Barclays reducing theirs to $18.00 and TD Cowen raising theirs to $20.00, showcasing mixed sentiment in the market.
• Currently, Sun Country Airlines has a market capitalization of $568.90 million and reported quarterly earnings of $0.14 EPS, exceeding expectations and reflecting a 3.6% year-over-year revenue increase.

Sun Country Airlines (NASDAQ:SNCY - Free Report) had its target price trimmed by Evercore ISI from $20.00 to $19.00 in a research report released on Monday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other analysts have also issued reports on the company. TD Cowen boosted their price objective on Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Susquehanna lifted their price objective on Sun Country Airlines from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Morgan Stanley decreased their price objective on shares of Sun Country Airlines from $21.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday. JPMorgan Chase & Co. reduced their price target on shares of Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Finally, Barclays lowered their price objective on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.38.

Sun Country Airlines Stock Down 0.1%

NASDAQ SNCY traded down $0.01 during mid-day trading on Monday, hitting $10.87. The company's stock had a trading volume of 227,296 shares, compared to its average volume of 981,744. The firm has a market capitalization of $579.59 million, a price-to-earnings ratio of 10.19, a PEG ratio of 0.24 and a beta of 1.61. The company's 50 day simple moving average is $11.81 and its 200 day simple moving average is $12.74. The company has a current ratio of 0.63, a quick ratio of 0.60 and a debt-to-equity ratio of 0.72. Sun Country Airlines has a twelve month low of $8.10 and a twelve month high of $18.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. The company had revenue of $263.62 million for the quarter, compared to analyst estimates of $256.04 million. Sun Country Airlines had a net margin of 5.35% and a return on equity of 10.53%. The firm's revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 EPS. Analysts anticipate that Sun Country Airlines will post 1.92 earnings per share for the current year.

Insider Activity at Sun Country Airlines

In related news, VP John Gyurci sold 3,150 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $11.49, for a total transaction of $36,193.50. Following the completion of the sale, the vice president owned 26,122 shares of the company's stock, valued at $300,141.78. This trade represents a 10.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 9,372 shares of company stock worth $110,365 in the last 90 days. Corporate insiders own 5.00% of the company's stock.

Hedge Funds Weigh In On Sun Country Airlines

Hedge funds have recently bought and sold shares of the business. New York State Teachers Retirement System lifted its holdings in Sun Country Airlines by 17.2% in the first quarter. New York State Teachers Retirement System now owns 16,611 shares of the company's stock valued at $205,000 after acquiring an additional 2,443 shares during the period. SG Americas Securities LLC purchased a new position in shares of Sun Country Airlines in the first quarter valued at about $498,000. Renaissance Technologies LLC bought a new stake in Sun Country Airlines in the 4th quarter valued at $1,475,000. JPMorgan Chase & Co. grew its holdings in shares of Sun Country Airlines by 44.3% in the fourth quarter. JPMorgan Chase & Co. now owns 370,890 shares of the company's stock valued at $5,408,000 after purchasing an additional 113,789 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Sun Country Airlines by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 916,393 shares of the company's stock worth $13,364,000 after acquiring an additional 16,027 shares in the last quarter.

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.