Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Consensus "Hold": Nine analysts rate Sun Country Airlines a consensus Hold (1 sell, 5 hold, 3 buy) with an average 12‑month price target of about $20.29.
• Recent quarter beat estimates with EPS of $0.17 (vs. $0.13) and revenue of $280.96M (+7.9% YoY); the stock trades around $16.34 with a 52‑week range of $8.57–$22.29 and a market cap near $885M.
• Analyst views are mixed—Zacks downgraded to a "strong sell" while Susquehanna upgraded to positive and JPMorgan trimmed its price target to $19—and several institutional investors have recently initiated or increased small stakes.

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) have received a consensus recommendation of "Hold" from the nine brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $20.2857.

A number of research firms have recently commented on SNCY. Zacks Research lowered Sun Country Airlines from a "hold" rating to a "strong sell" rating in a report on Monday, April 13th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Sun Country Airlines in a report on Monday, December 29th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $19.00 price target (down from $22.00) on shares of Sun Country Airlines in a report on Tuesday, January 13th. Susquehanna raised Sun Country Airlines from a "neutral" rating to a "positive" rating and raised their price target for the stock from $12.00 to $20.00 in a report on Friday, January 9th. Finally, TD Cowen reaffirmed a "hold" rating on shares of Sun Country Airlines in a report on Tuesday, February 10th.

Sun Country Airlines Price Performance

Sun Country Airlines stock opened at $16.34 on Friday. Sun Country Airlines has a one year low of $8.57 and a one year high of $22.29. The business has a fifty day moving average price of $17.72 and a 200-day moving average price of $15.60. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.82 and a quick ratio of 0.79. The firm has a market capitalization of $885.46 million, a P/E ratio of 17.02, a PEG ratio of 0.59 and a beta of 1.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.04. Sun Country Airlines had a return on equity of 8.92% and a net margin of 4.69%.The firm had revenue of $280.96 million during the quarter, compared to analyst estimates of $272.98 million. During the same period last year, the company earned $0.27 earnings per share. The business's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities research analysts forecast that Sun Country Airlines will post 1 EPS for the current year.

Institutional Investors Weigh In On Sun Country Airlines

Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its stake in Sun Country Airlines by 1,728.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company's stock valued at $25,000 after buying an additional 2,040 shares during the period. Canada Pension Plan Investment Board bought a new stake in Sun Country Airlines during the second quarter valued at $59,000. Tower Research Capital LLC TRC boosted its stake in Sun Country Airlines by 183.8% during the second quarter. Tower Research Capital LLC TRC now owns 5,273 shares of the company's stock valued at $62,000 after buying an additional 3,415 shares during the period. Acadian Asset Management LLC bought a new stake in Sun Country Airlines during the first quarter valued at $88,000. Finally, Oregon Public Employees Retirement Fund boosted its stake in Sun Country Airlines by 33.3% during the third quarter. Oregon Public Employees Retirement Fund now owns 12,014 shares of the company's stock valued at $142,000 after buying an additional 3,000 shares during the period.

About Sun Country Airlines

Sun Country Airlines NASDAQ: SNCY is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.