Sun Country Airlines (NASDAQ:SNCY) Earns Neutral Rating from Susquehanna

Key Points

• Susquehanna has lowered its price target for Sun Country Airlines from $12.00 to $11.00, maintaining a "neutral" rating, which indicates a potential upside of 4.27% from the stock's previous close.
• Multiple research firms have downgraded their targets for Sun Country Airlines, with Barclays and Evercore ISI setting targets at $18.00 and $19.00 respectively, while the stock has a current consensus rating of "Moderate Buy" with a price target of $17.38.
• Sun Country Airlines reported a quarterly EPS of $0.14, surpassing expectations and showing a year-over-year revenue increase of 3.6%, alongside a net margin of 5.35%.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report)'s stock had its "neutral" rating reissued by Susquehanna in a report issued on Tuesday, Marketbeat Ratings reports. They presently have a $11.00 price target on the stock, down from their prior price target of $12.00. Susquehanna's price target would indicate a potential upside of 2.61% from the company's previous close.

SNCY has been the topic of several other research reports. TD Cowen raised their price objective on shares of Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Barclays cut their price objective 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. Evercore ISI cut their price objective on shares of Sun Country Airlines from $20.00 to $19.00 and set an "outperform" rating on the stock in a research report on Monday, August 4th. JPMorgan Chase & Co. cut their price objective on shares of Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Finally, Morgan Stanley cut their price objective on shares of Sun Country Airlines from $21.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.38.

Sun Country Airlines Trading Down 1.5%

Shares of NASDAQ:SNCY traded down $0.16 during mid-day trading on Tuesday, hitting $10.72. The stock had a trading volume of 994,968 shares, compared to its average volume of 976,786. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.60 and a current ratio of 0.63. The company has a market cap of $571.59 million, a PE ratio of 10.11, a P/E/G ratio of 0.26 and a beta of 1.61. Sun Country Airlines has a 12-month low of $8.10 and a 12-month high of $18.59. The company's 50 day moving average is $11.79 and its 200-day moving average is $12.70.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its quarterly earnings data 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 net margin of 5.35% and a return on equity of 10.53%. The firm had revenue of $263.62 million for the quarter, compared to the consensus estimate of $256.04 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The firm's revenue was up 3.6% on a year-over-year basis. On average, sell-side analysts predict that Sun Country Airlines will post 1.92 EPS 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 company's stock in a transaction that occurred on 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 of the company's stock, valued at $300,141.78. This represents a 10.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 9,372 shares of company stock worth $110,365 over the last three months. 5.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its position in shares of Sun Country Airlines by 1,556.8% during the second quarter. Nisa Investment Advisors LLC now owns 4,490 shares of the company's stock valued at $53,000 after purchasing an additional 4,219 shares during the period. GAMMA Investing LLC raised its stake in shares of Sun Country Airlines by 493.1% in the second quarter. GAMMA Investing LLC now owns 4,757 shares of the company's stock valued at $56,000 after purchasing an additional 3,955 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Sun Country Airlines in the fourth quarter valued at $60,000. BNP Paribas Financial Markets acquired a new position in shares of Sun Country Airlines in the fourth quarter valued at $74,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Sun Country Airlines in the first quarter valued at $88,000.

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.