Brokerages Set Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) PT at $17.43

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) has received an average recommendation of "Moderate Buy" from the seven analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $17.43.

A number of equities research analysts have issued reports on the company. TD Cowen upped their target price on Sun Country Airlines from $14.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Barclays reduced their price objective on shares of 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. lowered their target price on shares of Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Finally, Susquehanna boosted their target price on shares of Sun Country Airlines from $11.00 to $12.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th.

Sun Country Airlines Stock Down 1.7%

Shares of Sun Country Airlines stock traded down $0.20 during midday trading on Tuesday, reaching $11.70. 703,262 shares of the company's stock traded hands, compared to its average volume of 972,760. The company has a market cap of $622.53 million, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 0.42 and a beta of 1.63. Sun Country Airlines has a 52 week low of $8.10 and a 52 week high of $18.59. The company's 50 day simple moving average is $10.85 and its 200 day simple moving average is $13.72. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.63.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The company had revenue of $326.65 million for the quarter, compared to analyst estimates of $329.51 million. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The business's revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. 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 firm's stock in a transaction on 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 directly owns 127,589 shares in the company, valued at $1,533,619.78. This trade represents a 1.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders have sold 5,662 shares of company stock valued at $68,045. 4.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sun Country Airlines

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 in the last quarter. New York State Teachers Retirement System boosted its stake in Sun Country Airlines by 11.9% during the fourth 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Sun Country Airlines by 0.5% during the fourth 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 in the last quarter. Hancock Whitney Corp increased its holdings in Sun Country Airlines by 17.4% in the 1st quarter. Hancock Whitney Corp now owns 17,142 shares of the company's stock valued at $211,000 after buying an additional 2,542 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Sun Country Airlines by 13.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,944 shares of the company's stock valued at $350,000 after buying an additional 2,792 shares in the last quarter.

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.