Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives $17.71 Consensus PT from Brokerages

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $17.71.

Several research firms recently weighed in on SNCY. Barclays reduced their target price 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. JPMorgan Chase & Co. initiated coverage on Sun Country Airlines in a research report on Wednesday, January 22nd. They issued an "overweight" rating and a $23.00 target price for the company. Finally, Susquehanna reduced their price target on Sun Country Airlines from $17.00 to $11.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th.

Sun Country Airlines Trading Down 10.0 %

NASDAQ:SNCY traded down $0.99 on Monday, hitting $8.88. 2,514,158 shares of the stock were exchanged, compared to its average volume of 765,390. The stock has a fifty day moving average of $13.47 and a 200-day moving average of $14.11. The stock has a market cap of $472.04 million, a PE ratio of 9.35, a PEG ratio of 0.42 and a beta of 1.55. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. Sun Country Airlines has a fifty-two week low of $8.88 and a fifty-two week high of $18.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly 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. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The firm had revenue of $260.40 million for the quarter, compared to analyst estimates of $258.04 million. During the same quarter last year, the firm posted $0.12 earnings per share. Sun Country Airlines's revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, equities analysts expect that Sun Country Airlines will post 1.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sun Country Airlines news, CEO Jude Bricker sold 2,172 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total transaction of $26,107.44. Following the completion of the sale, the chief executive officer now owns 127,589 shares in the company, valued at $1,533,619.78. The trade was a 1.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David M. Davis sold 59,380 shares of the firm's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $16.91, for a total transaction of $1,004,115.80. Following the completion of the transaction, the chief financial officer now owns 32,260 shares in the company, valued at approximately $545,516.60. The trade was a 64.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 186,415 shares of company stock worth $3,139,352. Insiders own 4.60% of the company's stock.

Hedge Funds Weigh In On Sun Country Airlines

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Sun Country Airlines by 3.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,473 shares of the company's stock worth $328,000 after purchasing an additional 796 shares during the period. New York State Teachers Retirement System grew its stake in Sun Country Airlines by 11.9% during the 4th quarter. New York State Teachers Retirement System now owns 14,168 shares of the company's stock worth $207,000 after buying an additional 1,505 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Sun Country Airlines by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 356,033 shares of the company's stock worth $5,191,000 after buying an additional 1,932 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Sun Country Airlines by 13.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,944 shares of the company's stock worth $350,000 after buying an additional 2,792 shares during the period. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in shares of Sun Country Airlines by 9.2% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 48,735 shares of the company's stock valued at $711,000 after acquiring an additional 4,089 shares during the period.

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.