Sun Country Airlines (NASDAQ:SNCY) Price Target Cut to $20.00 by Analysts at Morgan Stanley

Key Points

• Morgan Stanley has lowered its price target for Sun Country Airlines from $21.00 to $20.00, while maintaining an "overweight" rating, suggesting a potential upside of 86.62% from the current price.
• The stock has received mixed ratings from analysts, with two analysts rating it as a hold and six as a buy, leading to a consensus rating of "Moderate Buy" and an average target price of $17.50.
• During recent trading, Sun Country Airlines stock peaked at $10.72, with a market cap of approximately $570.23 million and a P/E ratio of 10.10.

Sun Country Airlines (NASDAQ:SNCY - Free Report) had its price objective cut by Morgan Stanley from $21.00 to $20.00 in a report issued on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts also recently weighed in on the company. JPMorgan Chase & Co. reduced 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. TD Cowen raised their target price on Sun Country Airlines from $14.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Susquehanna raised their target price on Sun Country Airlines from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Finally, Barclays cut 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. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.38.

Sun Country Airlines Stock Performance

NASDAQ SNCY traded up $0.06 during trading hours on Monday, reaching $10.36. The stock had a trading volume of 207,712 shares, compared to its average volume of 982,531. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.60 and a current ratio of 0.63. Sun Country Airlines has a 52-week low of $8.10 and a 52-week high of $18.59. The stock has a fifty day moving average of $11.84 and a 200 day moving average of $12.79. The stock has a market cap of $552.34 million, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 0.22 and a beta of 1.61.

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

Insider Transactions at Sun Country Airlines

In other Sun Country Airlines news, VP John Gyurci sold 3,150 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $11.49, for a total value of $36,193.50. Following the sale, the vice president owned 26,122 shares of the company's stock, valued at $300,141.78. This trade represents a 10.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders sold 9,372 shares of company stock valued at $110,365. 4.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SNCY. Vanguard Group Inc. grew 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 valued at $62,065,000 after purchasing an additional 437,550 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Sun Country Airlines by 0.6% in the first quarter. Ameriprise Financial Inc. now owns 3,135,573 shares of the company's stock valued at $38,620,000 after buying an additional 17,437 shares in the last quarter. U S Global Investors Inc. boosted its position in Sun Country Airlines by 20.6% during the second quarter. U S Global Investors Inc. now owns 2,076,107 shares of the company's stock worth $24,394,000 after purchasing an additional 354,569 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Sun Country Airlines by 24.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,912,664 shares of the company's stock worth $27,887,000 after purchasing an additional 374,221 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Sun Country Airlines by 20.5% during the first quarter. American Century Companies Inc. now owns 1,681,820 shares of the company's stock worth $20,720,000 after purchasing an additional 285,872 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.