Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $17.43.

Several analysts recently issued reports on SNCY shares. Barclays dropped their target price on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their target price on Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. TD Cowen upped their target price on Sun Country Airlines from $14.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Finally, Susquehanna boosted their price target on Sun Country Airlines from $11.00 to $12.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th.

Insider Transactions at Sun Country Airlines

In related news, CEO Jude Bricker sold 2,172 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total value of $26,107.44. Following the transaction, the chief executive officer now owns 127,589 shares of the company's stock, valued at approximately $1,533,619.78. This trade represents a 1.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 5,662 shares of company stock valued at $68,045 in the last 90 days. 5.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sun Country Airlines

Several large investors have recently modified their holdings of SNCY. Canada Pension Plan Investment Board purchased a new stake in shares of Sun Country Airlines during the 4th quarter worth approximately $60,000. BNP Paribas Financial Markets purchased a new position in Sun Country Airlines in the 4th quarter valued at approximately $74,000. Aquatic Capital Management LLC purchased a new position in Sun Country Airlines in the 4th quarter valued at approximately $102,000. Quarry LP grew its stake in Sun Country Airlines by 355.0% in the 4th quarter. Quarry LP now owns 7,894 shares of the company's stock valued at $115,000 after buying an additional 6,159 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Sun Country Airlines by 1,390.3% in the 1st quarter. GAMMA Investing LLC now owns 9,881 shares of the company's stock valued at $122,000 after buying an additional 9,218 shares in the last quarter.

Sun Country Airlines Trading Down 0.2%

NASDAQ:SNCY traded down $0.02 on Friday, reaching $12.75. The company's stock had a trading volume of 136,416 shares, compared to its average volume of 825,143. Sun Country Airlines has a 1-year low of $8.10 and a 1-year high of $18.59. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.63. The firm has a market cap of $678.40 million, a PE ratio of 13.42, a PEG ratio of 0.42 and a beta of 1.57. The business's 50-day moving average price is $11.34 and its two-hundred day moving average price is $14.03.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The firm had revenue of $326.65 million for the quarter, compared to the consensus estimate of $329.51 million. During the same quarter last year, the business posted $0.66 EPS. The company's revenue for the quarter was up 4.8% on a year-over-year basis. Equities research analysts anticipate that Sun Country Airlines will post 1.92 earnings per share for the current fiscal year.

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.