Sun Country Airlines (NASDAQ:SNCY) Upgraded to "Strong-Buy" at Wall Street Zen

Key Points

• Sun Country Airlines has been upgraded to a "strong-buy" rating by Wall Street Zen, indicating increased investor confidence in the company's future performance.
• Despite the upgrade, several firms have lowered their target prices for the stock, with Morgan Stanley reducing it from $21.00 to $20.00 and Evercore ISI from $20.00 to $19.00.
• The company reported a profit of $0.14 per share, surpassing analysts' expectations, along with a revenue increase of 3.6% year-over-year, totaling $263.62 million for the quarter.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Friday.

A number of other research firms also recently issued reports on SNCY. Morgan Stanley decreased their target price on Sun Country Airlines from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Evercore ISI dropped their price target on Sun Country Airlines from $20.00 to $19.00 and set an "outperform" rating for the company in a research note on Monday, August 4th. Finally, Susquehanna reissued a "neutral" rating and issued a $11.00 target price (down previously from $12.00) on shares of Sun Country Airlines in a research note on Tuesday, August 5th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sun Country Airlines currently has an average rating of "Moderate Buy" and an average target price of $17.38.

Sun Country Airlines Stock Up 1.6%

SNCY stock opened at $13.17 on Friday. Sun Country Airlines has a twelve month low of $8.10 and a twelve month high of $18.59. The company has a quick ratio of 0.59, a current ratio of 0.63 and a debt-to-equity ratio of 0.72. The stock's 50 day moving average is $12.28 and its 200-day moving average is $12.12. The firm has a market capitalization of $702.22 million, a PE ratio of 12.42, a P/E/G ratio of 0.31 and a beta of 1.62.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. Sun Country Airlines had a return on equity of 10.53% and a net margin of 5.35%.The company had revenue of $263.62 million for the quarter, compared to analyst estimates of $256.04 million. During the same quarter last year, the company earned $0.06 earnings per share. The company's revenue for the quarter was up 3.6% on a year-over-year basis. Sun Country Airlines has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Sun Country Airlines will post 1.92 EPS for the current fiscal year.

Insider Buying and Selling at Sun Country Airlines

In other news, VP John Gyurci sold 3,150 shares of the stock in a transaction 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 transaction, the vice president directly owned 26,122 shares of the company's stock, valued at $300,141.78. This represents a 10.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 10,076 shares of company stock worth $119,750. 5.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sun Country Airlines

A number of institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its stake in Sun Country Airlines by 13.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,944 shares of the company's stock worth $350,000 after buying an additional 2,792 shares in the last quarter. Northern Trust Corp grew its position in Sun Country Airlines by 5.9% in the fourth quarter. Northern Trust Corp now owns 385,135 shares of the company's stock worth $5,615,000 after acquiring an additional 21,562 shares in the last quarter. Ameriprise Financial Inc. grew its position in Sun Country Airlines by 34.0% in the fourth quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company's stock worth $45,467,000 after acquiring an additional 791,669 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Sun Country Airlines in the fourth quarter worth about $74,000. Finally, Balyasny Asset Management L.P. bought a new stake in Sun Country Airlines in the fourth quarter worth about $179,000.

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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