Sun Country Airlines (NASDAQ:SNCY) Price Target Cut to $20.00 by Analysts at JPMorgan Chase & Co.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) had its target price lowered by stock analysts at JPMorgan Chase & Co. from $23.00 to $20.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 79.37% from the stock's current price.

Other equities analysts have also issued research reports about the stock. Susquehanna raised their price objective on shares of Sun Country Airlines from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Monday. Barclays dropped their target price on shares of Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Sun Country Airlines presently has a consensus rating of "Moderate Buy" and an average price target of $17.43.

Sun Country Airlines Price Performance

SNCY traded up $0.19 on Monday, reaching $11.15. The company had a trading volume of 153,054 shares, compared to its average volume of 818,538. Sun Country Airlines has a one year low of $8.10 and a one year high of $18.59. The company has a market capitalization of $593.27 million, a P/E ratio of 11.69, a PEG ratio of 0.42 and a beta of 1.57. The company has a fifty day moving average of $11.89 and a 200-day moving average of $14.08. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) 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 analysts' expectations of $329.51 million. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.66 EPS. As a group, equities research analysts anticipate 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 Sun Country Airlines stock in a transaction dated 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 sale, the chief executive officer now directly owns 127,589 shares in the company, valued at $1,533,619.78. The trade was a 1.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 5,662 shares of company stock worth $68,045 over the last 90 days. 4.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SNCY. Canada Pension Plan Investment Board bought a new stake in Sun Country Airlines during the fourth quarter worth approximately $60,000. BNP Paribas Financial Markets acquired a new stake in shares of Sun Country Airlines in the fourth quarter worth $74,000. Aquatic Capital Management LLC bought a new position in Sun Country Airlines during the fourth quarter worth $102,000. Quarry LP raised its stake in Sun Country Airlines by 355.0% during the 4th quarter. Quarry LP now owns 7,894 shares of the company's stock valued at $115,000 after purchasing an additional 6,159 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Sun Country Airlines by 1,390.3% in the 1st quarter. GAMMA Investing LLC now owns 9,881 shares of the company's stock valued at $122,000 after purchasing an additional 9,218 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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