Susquehanna Raises Sun Country Airlines (NASDAQ:SNCY) Price Target to $12.00

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) had its price target raised by investment analysts at Susquehanna from $11.00 to $12.00 in a report released on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Susquehanna's price objective suggests a potential upside of 9.49% from the stock's previous close.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. initiated coverage on Sun Country Airlines in a research note on Wednesday, January 22nd. They set an "overweight" rating and a $23.00 price target for the company. Barclays decreased their price target on shares of Sun Country Airlines from $24.00 to $18.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $17.86.

Sun Country Airlines Stock Performance

Sun Country Airlines stock opened at $10.96 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.63 and a quick ratio of 0.61. The company has a market cap of $583.16 million, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 0.42 and a beta of 1.57. Sun Country Airlines has a fifty-two week low of $8.10 and a fifty-two week high of $18.59. The firm's 50 day simple moving average is $11.89 and its 200-day simple moving average is $14.08.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $326.65 million during the quarter, compared to analyst estimates 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 revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 earnings per share. As a group, equities research analysts predict that Sun Country Airlines will post 1.92 EPS for the current year.

Insider Activity at Sun Country Airlines

In other news, CEO Jude Bricker sold 2,172 shares of the stock in a transaction on 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 in the company, valued at approximately $1,533,619.78. This represents a 1.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 5,662 shares of company stock worth $68,045 over the last three months. Company insiders own 4.60% of the company's stock.

Institutional Trading of Sun Country Airlines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. acquired a new stake in Sun Country Airlines during the fourth quarter valued at approximately $30,841,000. Ameriprise Financial Inc. lifted its position in shares of Sun Country Airlines by 34.0% during the 4th quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company's stock worth $45,467,000 after buying an additional 791,669 shares during the period. Bank of New York Mellon Corp boosted its stake in Sun Country Airlines by 230.2% in the 1st quarter. Bank of New York Mellon Corp now owns 922,128 shares of the company's stock valued at $11,361,000 after buying an additional 642,902 shares in the last quarter. Driehaus Capital Management LLC bought a new stake in Sun Country Airlines in the fourth quarter valued at $8,868,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Sun Country Airlines during the fourth quarter worth $6,898,000.

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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