Wall Street Zen Downgrades Sun Country Airlines (NASDAQ:SNCY) to Buy

Key Points

• Sun Country Airlines was downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, reflecting a shift in analyst sentiment towards the stock.
• Several other research firms have varying ratings on SNCY, with most analysts giving it a "Buy" or "Hold" rating and an average target price of $18.13.
• In its latest quarterly earnings report, Sun Country Airlines reported earnings per share (EPS) of $0.14, exceeding expectations, and a 5.35% net margin, indicating a gradual positive trend in performance.

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

Several other research firms also recently issued reports on SNCY. Weiss Ratings reissued a "hold (c)" rating on shares of Sun Country Airlines in a research report on Saturday, September 27th. Evercore ISI lifted their price target on shares of Sun Country Airlines from $19.00 to $20.00 and gave the company an "outperform" rating in a research report on Monday. Susquehanna lifted their price objective on shares of Sun Country Airlines from $11.00 to $13.00 and gave the stock a "neutral" rating in a report on Friday. JPMorgan Chase & Co. lifted their price objective on shares of Sun Country Airlines from $18.00 to $23.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Finally, Morgan Stanley cut 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 report on Monday, August 4th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $18.13.

Sun Country Airlines Stock Up 0.5%

NASDAQ SNCY traded up $0.06 during mid-day trading on Friday, hitting $11.90. The company's stock had a trading volume of 889,492 shares, compared to its average volume of 1,167,994. The company's 50 day simple moving average is $12.28 and its 200 day simple moving average is $11.76. Sun Country Airlines has a twelve month low of $8.10 and a twelve month high of $18.59. The company has a current ratio of 0.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $634.51 million, a price-to-earnings ratio of 11.23, a PEG ratio of 0.28 and a beta of 1.59.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. Sun Country Airlines had a net margin of 5.35% and a return on equity of 10.53%. The business had revenue of $263.62 million during the quarter, compared to the consensus estimate of $256.04 million. During the same quarter last year, the firm posted $0.06 EPS. Sun Country Airlines's revenue was up 3.6% compared to the same quarter last year. Sun Country Airlines has set its Q3 2025 guidance at EPS. Analysts anticipate 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 5,000 shares of Sun Country Airlines stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $13.18, for a total transaction of $65,900.00. Following the sale, the vice president directly owned 25,109 shares in the company, valued at $330,936.62. The trade was a 16.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Sun Country Airlines

A number of hedge funds have recently made changes to their positions in SNCY. EverSource Wealth Advisors LLC raised its stake in shares of Sun Country Airlines by 1,728.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company's stock worth $25,000 after purchasing an additional 2,040 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Sun Country Airlines by 1,556.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,490 shares of the company's stock worth $53,000 after purchasing an additional 4,219 shares during the period. GAMMA Investing LLC raised its stake in shares of Sun Country Airlines by 493.1% during the 2nd quarter. GAMMA Investing LLC now owns 4,757 shares of the company's stock worth $56,000 after purchasing an additional 3,955 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Sun Country Airlines during the 2nd quarter worth $59,000. Finally, Ameritas Investment Partners Inc. raised its stake in Sun Country Airlines by 40.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,224 shares of the company's stock valued at $61,000 after acquiring an additional 1,504 shares during the period.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.