Sun Country Airlines (NASDAQ:SNCY) Price Target Raised to $20.00

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) had its price objective raised by TD Cowen from $14.00 to $20.00 in a research report issued on Tuesday,Briefing.com Automated Import reports. The brokerage presently has a "buy" rating on the stock. TD Cowen's price objective would suggest a potential upside of 81.82% from the stock's current price.

A number of other equities research analysts have also recently issued reports on SNCY. Barclays dropped their target price on shares of Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. 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. Finally, Susquehanna increased their price target on Sun Country Airlines from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Sun Country Airlines presently has a consensus rating of "Moderate Buy" and an average price target of $17.43.

Sun Country Airlines Price Performance

NASDAQ:SNCY opened at $11.00 on Tuesday. Sun Country Airlines has a 52-week low of $8.10 and a 52-week high of $18.59. The company has a market cap of $585.29 million, a P/E ratio of 11.58, a P/E/G 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. The stock's 50-day simple moving average is $11.79 and its 200 day simple moving average is $14.07.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $326.65 million for the quarter, compared to analysts' expectations of $329.51 million. During the same quarter in the prior year, the business posted $0.66 EPS. The business's revenue was up 4.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Sun Country Airlines will post 1.92 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jude Bricker sold 2,172 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $12.02, for a total transaction 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. This represents a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 5,662 shares of company stock worth $68,045 in the last 90 days. Company insiders own 4.60% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SNCY. Proficio Capital Partners LLC bought a new position in Sun Country Airlines in the fourth quarter valued at approximately $190,000. JPMorgan Chase & Co. grew its position in Sun Country Airlines by 695.3% in the third quarter. JPMorgan Chase & Co. now owns 257,101 shares of the company's stock valued at $2,882,000 after acquiring an additional 224,774 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Sun Country Airlines by 87.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 419,360 shares of the company's stock worth $6,114,000 after acquiring an additional 196,094 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Sun Country Airlines by 246.9% in the fourth quarter. Victory Capital Management Inc. now owns 119,709 shares of the company's stock worth $1,745,000 after acquiring an additional 85,201 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Sun Country Airlines in the 4th quarter valued at approximately $1,475,000.

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.

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