Sun Country Airlines (NASDAQ:SNCY - Get Free Report) had its price target reduced by research analysts at JPMorgan Chase & Co. from $23.00 to $20.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 69.06% from the company's current price.
A number of other brokerages have also recently issued reports on SNCY. Susquehanna raised their target price on Sun Country Airlines from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Barclays decreased 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 report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $17.43.
View Our Latest Analysis on SNCY
Sun Country Airlines Price Performance
Shares of NASDAQ SNCY traded down $0.07 during trading on Monday, reaching $11.83. The company had a trading volume of 866,314 shares, compared to its average volume of 825,851. Sun Country Airlines has a 52 week low of $8.10 and a 52 week high of $18.59. The business's 50 day moving average price is $11.45 and its 200-day moving average price is $14.02. The stock has a market cap of $629.45 million, a PE ratio of 12.45, a PEG ratio of 0.42 and a beta of 1.57. 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 announced its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The firm had revenue of $326.65 million during the quarter, compared to analysts' expectations of $329.51 million. During the same period in the previous year, the business posted $0.66 EPS. The company's quarterly revenue was up 4.8% compared to the same quarter last year. 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 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 owns 127,589 shares of the company's stock, valued at $1,533,619.78. The trade was a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 5,662 shares of company stock worth $68,045. Corporate insiders own 5.00% of the company's stock.
Institutional Investors Weigh In On Sun Country Airlines
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNCY. Charles Schwab Investment Management Inc. increased its position in shares of Sun Country Airlines by 20.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 429,058 shares of the company's stock valued at $5,286,000 after acquiring an additional 73,025 shares during the last quarter. Vanguard Group Inc. grew its stake in Sun Country Airlines by 9.5% in the first quarter. Vanguard Group Inc. now owns 5,037,727 shares of the company's stock valued at $62,065,000 after purchasing an additional 437,550 shares in the last quarter. LSV Asset Management increased its position in shares of Sun Country Airlines by 30.7% during the 1st quarter. LSV Asset Management now owns 1,028,778 shares of the company's stock worth $12,675,000 after purchasing an additional 241,400 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Sun Country Airlines by 12.9% during the 1st quarter. Federated Hermes Inc. now owns 218,180 shares of the company's stock worth $2,688,000 after purchasing an additional 24,942 shares in the last quarter. Finally, Corton Capital Inc. acquired a new stake in shares of Sun Country Airlines in the 1st quarter valued at approximately $155,000.
About Sun Country Airlines
(
Get Free Report)
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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