Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Sun Country Airlines has received a consensus rating of "Moderate Buy" from analysts, with six buy recommendations and two hold ratings.
• The company's average one-year price target set by analysts is $17.3750, although individual targets vary, with some analysts reducing their price targets recently.
• Sun Country Airlines reported a net margin of 5.35% and earnings per share of $0.14 for the last quarter, exceeding analysts' expectations.

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eight research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $17.3750.

SNCY has been the subject of a number of research analyst reports. Morgan Stanley dropped their price target on Sun Country Airlines from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. TD Cowen raised their price target on Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Evercore ISI dropped their price target on Sun Country Airlines from $20.00 to $19.00 and set an "outperform" rating for the company in a research report on Monday, August 4th. Susquehanna restated a "neutral" rating and issued a $11.00 price target (down previously from $12.00) on shares of Sun Country Airlines in a research report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. dropped their price target on Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, May 5th.

Sun Country Airlines Price Performance

Sun Country Airlines stock opened at $12.20 on Friday. Sun Country Airlines has a one year low of $8.10 and a one year high of $18.59. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.59 and a current ratio of 0.63. The business has a fifty day moving average of $11.84 and a two-hundred day moving average of $12.51. The company has a market cap of $650.50 million, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 0.29 and a beta of 1.61.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. Sun Country Airlines had a return on equity of 10.53% and a net margin of 5.35%. The company had revenue of $263.62 million during the quarter, compared to the consensus estimate of $256.04 million. During the same quarter last year, the company earned $0.06 earnings per share. Sun Country Airlines's quarterly revenue was up 3.6% compared to the same quarter last year. As a group, analysts predict that Sun Country Airlines will post 1.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP John Gyurci sold 3,150 shares of Sun Country Airlines stock in a transaction dated Thursday, June 12th. The stock was 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 approximately $300,141.78. This trade represents a 10.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 9,372 shares of company stock worth $110,365. Company insiders own 5.00% of the company's stock.

Institutional Trading of Sun Country Airlines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its position in Sun Country Airlines by 1,728.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company's stock worth $25,000 after purchasing an additional 2,040 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Sun Country Airlines by 1,556.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,490 shares of the company's stock valued at $53,000 after buying an additional 4,219 shares during the period. GAMMA Investing LLC grew its holdings in Sun Country Airlines by 493.1% in the 2nd quarter. GAMMA Investing LLC now owns 4,757 shares of the company's stock valued at $56,000 after buying an additional 3,955 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Sun Country Airlines in the 2nd quarter valued at about $59,000. Finally, Ameritas Investment Partners Inc. grew its holdings in Sun Country Airlines by 40.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,224 shares of the company's stock valued at $61,000 after buying an additional 1,504 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.

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