Sun Country Airlines' (SNCY) Neutral Rating Reiterated at 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 reiterated by analysts at Susquehanna in a research report issued on Tuesday, Marketbeat.com reports. They presently have a $11.00 price objective on the stock, down from their previous price objective of $12.00. Susquehanna's price target would suggest a potential upside of 6.80% from the stock's previous close.

Several other research firms have also recently weighed in on SNCY. TD Cowen increased their price target on shares of Sun Country Airlines from $14.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Morgan Stanley decreased 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 note on Monday. JPMorgan Chase & Co. decreased 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 note 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 on the stock in a research note on Tuesday, April 8th. Finally, Evercore ISI cut their target price 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $17.38.

Sun Country Airlines Trading Down 2.4%

Shares of NASDAQ:SNCY opened at $10.30 on Tuesday. The company has a market capitalization of $549.20 million, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 0.22 and a beta of 1.61. 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 company has a 50-day simple moving average of $11.84 and a 200 day simple moving average of $12.79.

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

Insider Activity at Sun Country Airlines

In other news, VP John Gyurci sold 3,150 shares of Sun Country Airlines stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $11.49, for a total transaction of $36,193.50. Following the transaction, the vice president owned 26,122 shares in the company, valued at approximately $300,141.78. The trade was 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 accessible through the SEC website. Insiders have sold a total of 9,372 shares of company stock worth $110,365 in the last quarter. 4.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sun Country Airlines

Hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp raised its stake in Sun Country Airlines by 35.5% during the second quarter. Bank of New York Mellon Corp now owns 1,249,524 shares of the company's stock worth $14,682,000 after buying an additional 327,396 shares during the last quarter. South Dakota Investment Council increased its stake in Sun Country Airlines by 7.3% in the second quarter. South Dakota Investment Council now owns 225,150 shares of the company's stock valued at $2,646,000 after purchasing an additional 15,400 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Sun Country Airlines by 1,556.8% in 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 in the last quarter. AlphaQuest LLC increased its stake in Sun Country Airlines by 2,928.7% in the second quarter. AlphaQuest LLC now owns 15,598 shares of the company's stock valued at $183,000 after purchasing an additional 15,083 shares in the last quarter. Finally, VELA Investment Management LLC increased its stake in Sun Country Airlines by 63.9% in the second quarter. VELA Investment Management LLC now owns 211,048 shares of the company's stock valued at $2,480,000 after purchasing an additional 82,302 shares in the last quarter.

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.