Weiss Ratings Reiterates "Hold (C)" Rating for Sun Country Airlines (NASDAQ:SNCY)

Key Points

• Weiss Ratings has reiterated its "Hold (C)" rating for Sun Country Airlines (NASDAQ:SNCY), maintaining a cautious outlook on the stock.
• Analysts have varying opinions, with Susquehanna raising its target price to $13.00 while other firms like Morgan Stanley and Evercore ISI made adjustments to their ratings.
• The stock has shown volatility, with a current market cap of approximately $612 million and a 12-month high of $18.59 compared to a low of $8.10.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report)'s stock had its "hold (c)" rating reissued by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Other equities research analysts have also recently issued research reports about the company. Susquehanna increased their target price on Sun Country Airlines from $11.00 to $13.00 and gave the company a "neutral" rating in a report on Friday, October 3rd. Morgan Stanley decreased their price objective on Sun Country Airlines from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Evercore ISI raised their price objective on Sun Country Airlines from $19.00 to $20.00 and gave the stock an "outperform" rating in a report on Monday, September 29th. Wall Street Zen cut Sun Country Airlines from a "strong-buy" rating to a "buy" rating in a report on Friday, October 3rd. Finally, JPMorgan Chase & Co. raised their price objective on Sun Country Airlines from $18.00 to $23.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.71.

Sun Country Airlines Stock Performance

Shares of SNCY stock opened at $11.48 on Wednesday. The company has a market cap of $612.11 million, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 0.28 and a beta of 1.59. The stock has a 50 day simple moving average of $12.24 and a 200-day simple moving average of $11.72. Sun Country Airlines has a 12-month low of $8.10 and a 12-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.

Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. The business had revenue of $263.62 million for the quarter, compared to analysts' expectations of $256.04 million. Sun Country Airlines had a return on equity of 10.53% and a net margin of 5.35%.The company's revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. Sun Country Airlines has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Sun Country Airlines will post 1.92 EPS for the current year.

Insider Activity

In other news, CEO Jude Bricker sold 2,139 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $11.69, for a total value of $25,004.91. Following the completion of the sale, the chief executive officer owned 123,347 shares in the company, valued at approximately $1,441,926.43. This trade represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John Gyurci sold 5,000 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $13.18, for a total value of $65,900.00. Following the completion of the sale, the vice president owned 25,109 shares of the company's stock, valued at approximately $330,936.62. This trade represents a 16.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,853 shares of company stock worth $112,101 over the last three months. 5.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Sun Country Airlines

Hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its position in shares of Sun Country Airlines by 1,728.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company's stock worth $25,000 after acquiring an additional 2,040 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Sun Country Airlines by 1,556.8% during the second quarter. Nisa Investment Advisors LLC now owns 4,490 shares of the company's stock worth $53,000 after acquiring an additional 4,219 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Sun Country Airlines by 493.1% during the second quarter. GAMMA Investing LLC now owns 4,757 shares of the company's stock worth $56,000 after acquiring an additional 3,955 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Sun Country Airlines in the second quarter worth about $59,000. Finally, Ameritas Investment Partners Inc. grew its stake in Sun Country Airlines by 40.4% in the second quarter. Ameritas Investment Partners Inc. now owns 5,224 shares of the company's stock worth $61,000 after purchasing an additional 1,504 shares in the last quarter.

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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