Analysts Set Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) PT at $16.83

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) have received an average recommendation of "Moderate Buy" from the six research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $16.83.

Several research analysts recently weighed in on SNCY shares. Barclays cut their price target 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. TD Cowen upped their target price on Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Susquehanna increased their price target on Sun Country Airlines from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. cut their price objective on 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.

Sun Country Airlines Stock Up 4.3%

Shares of SNCY stock traded up $0.50 during trading hours on Friday, reaching $12.25. The company had a trading volume of 1,221,179 shares, compared to its average volume of 852,225. The company has a market cap of $651.82 million, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 0.22 and a beta of 1.61. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.63 and a quick ratio of 0.60. Sun Country Airlines has a 12 month low of $8.10 and a 12 month high of $18.59. The business has a fifty day simple moving average of $11.26 and a 200-day simple moving average of $13.32.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. Sun Country Airlines had a return on equity of 10.28% and a net margin of 4.96%. The business had revenue of $326.65 million during the quarter, compared to analyst estimates of $329.51 million. During the same period in the prior year, the firm posted $0.66 EPS. Sun Country Airlines's quarterly revenue was up 4.8% compared to the same quarter last year. On average, research analysts expect that Sun Country Airlines will post 1.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Sun Country Airlines

In other 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 in the company, valued at $300,141.78. This trade represents a 10.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sun Country Airlines

Several institutional investors have recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new stake in Sun Country Airlines in the fourth quarter worth $60,000. BNP Paribas Financial Markets bought a new position in shares of Sun Country Airlines during the 4th quarter worth $74,000. Acadian Asset Management LLC purchased a new stake in Sun Country Airlines in the 1st quarter worth about $88,000. Aquatic Capital Management LLC bought a new stake in Sun Country Airlines in the 4th quarter valued at about $102,000. Finally, Quarry LP raised 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 acquiring an additional 6,159 shares during the period.

About Sun Country Airlines

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.