TD Cowen Forecasts Strong Price Appreciation for Sun Country Airlines (NASDAQ:SNCY) Stock

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) had its price objective hoisted by stock analysts at TD Cowen from $14.00 to $20.00 in a report released on Tuesday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the stock. TD Cowen's price objective would indicate a potential upside of 69.06% from the company's current price.

A number of other brokerages have also recently commented on SNCY. Barclays decreased their target price on Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Susquehanna increased their target price on shares of Sun Country Airlines from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Sun Country Airlines from $23.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Sun Country Airlines presently has an average rating of "Moderate Buy" and a consensus target price of $17.43.

Sun Country Airlines Stock Performance

Shares of NASDAQ:SNCY traded down $0.07 during midday trading on Tuesday, reaching $11.83. 866,314 shares of the company's stock traded hands, compared to its average volume of 826,452. 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 has a one year low of $8.10 and a one year high of $18.59. The company has a market cap of $629.45 million, a price-to-earnings ratio of 12.45, a P/E/G ratio of 0.42 and a beta of 1.57. The stock has a 50 day moving average of $11.45 and a 200 day moving average of $14.03.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping 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 net margin of 4.92% and a return on equity of 10.23%. The firm's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $0.66 earnings per share. As a group, equities research analysts anticipate that Sun Country Airlines will post 1.92 EPS for the current fiscal year.

Insider Buying and Selling at Sun Country Airlines

In related news, CEO Jude Bricker sold 2,172 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $12.02, for a total value of $26,107.44. Following the completion of the transaction, the chief executive officer now owns 127,589 shares of the company's stock, valued at approximately $1,533,619.78. This trade represents a 1.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 5,662 shares of company stock worth $68,045 in the last quarter. 5.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sun Country Airlines

Large investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board purchased a new position in shares of Sun Country Airlines in the 4th quarter worth approximately $60,000. BNP Paribas Financial Markets bought a new stake in shares of Sun Country Airlines in the 4th quarter worth about $74,000. Aquatic Capital Management LLC purchased a new position in shares of Sun Country Airlines during the 4th quarter worth about $102,000. Quarry LP grew its holdings 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 raised its position 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 worth $122,000 after purchasing an additional 9,218 shares during the period.

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.