Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Given Consensus Rating of "Moderate Buy" by Analysts

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $17.43.

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

Sun Country Airlines Stock Down 0.6 %

Shares of SNCY traded down $0.07 during midday trading on Friday, reaching $11.83. 866,314 shares of the stock were exchanged, compared to its average volume of 826,452. Sun Country Airlines has a 52 week low of $8.10 and a 52 week high of $18.59. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $629.45 million, a P/E ratio of 12.45, a PEG ratio of 0.42 and a beta of 1.57. The company's 50 day moving average is $11.45 and its two-hundred day moving average is $14.03.

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

Insider Transactions at Sun Country Airlines

In other news, CEO Jude Bricker sold 2,172 shares of the company'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 sale, the chief executive officer now owns 127,589 shares in the company, valued at approximately $1,533,619.78. This represents a 1.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 5,662 shares of company stock valued at $68,045 over the last quarter. Company insiders own 5.00% of the company's stock.

Hedge Funds Weigh In On Sun Country Airlines

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC boosted its stake in Sun Country Airlines by 260.8% during the 3rd quarter. Barclays PLC now owns 117,457 shares of the company's stock valued at $1,316,000 after purchasing an additional 84,906 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Sun Country Airlines by 695.3% during the third quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company's stock valued at $2,882,000 after buying an additional 224,774 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Sun Country Airlines by 87.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company's stock worth $6,114,000 after purchasing an additional 196,094 shares during the period. Pacer Advisors Inc. purchased a new position in Sun Country Airlines in the fourth quarter valued at about $30,841,000. Finally, Empowered Funds LLC grew its stake in shares of Sun Country Airlines by 5.1% in the 4th quarter. Empowered Funds LLC now owns 224,324 shares of the company's stock valued at $3,271,000 after buying an additional 10,879 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.