Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives $17.43 Consensus Target Price from Brokerages

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment 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 brokerages that have issued a report on the stock in the last year is $17.43.

Several research analysts have recently commented on SNCY shares. TD Cowen lifted their price target 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. Barclays decreased their target price on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. decreased 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. Finally, Susquehanna boosted their price objective 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.

Sun Country Airlines Stock Performance

Shares of SNCY traded up $0.30 during mid-day trading on Tuesday, hitting $11.74. The stock had a trading volume of 827,150 shares, compared to its average volume of 836,904. The company has a market cap of $624.66 million, a PE ratio of 12.36, a PEG ratio of 0.42 and a beta of 1.63. The company's fifty day simple moving average is $10.81 and its two-hundred day simple moving average is $13.69. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.86. Sun Country Airlines has a fifty-two week low of $8.10 and a fifty-two week high of $18.59.

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

Insider Buying and Selling at Sun Country Airlines

In other news, CEO Jude Bricker sold 2,172 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total transaction of $26,107.44. Following the completion of the transaction, the chief executive officer now directly owns 127,589 shares in the company, valued at approximately $1,533,619.78. The trade was a 1.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold 5,662 shares of company stock valued at $68,045 in the last ninety days. Company insiders own 4.60% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its holdings in Sun Country Airlines by 34.0% in the fourth quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company's stock worth $45,467,000 after purchasing an additional 791,669 shares during the period. Bank of New York Mellon Corp lifted its holdings in Sun Country Airlines by 230.2% in the first quarter. Bank of New York Mellon Corp now owns 922,128 shares of the company's stock worth $11,361,000 after purchasing an additional 642,902 shares during the period. Driehaus Capital Management LLC acquired a new stake in Sun Country Airlines in the fourth quarter worth about $8,868,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Sun Country Airlines in the 4th quarter worth approximately $6,898,000. Finally, Vanguard Group Inc. lifted its stake in shares of Sun Country Airlines by 9.5% in the 1st quarter. Vanguard Group Inc. now owns 5,037,727 shares of the company's stock worth $62,065,000 after acquiring an additional 437,550 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.