Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Given Consensus Recommendation of “Moderate Buy” by Brokerages
by Doug Wharley · The Cerbat GemSun Country Airlines Holdings, Inc. (NASDAQ:SNCY – Get Free Report) has received an average rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $16.83.
A number of equities analysts recently weighed in on the stock. TD Cowen lifted their price objective on shares of Sun Country Airlines from $14.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Barclays lowered their price objective on shares of Sun Country Airlines from $24.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Susquehanna lifted their price objective on shares of Sun Country Airlines from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Sun Country Airlines from $23.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th.
View Our Latest Research Report on Sun Country Airlines
Sun Country Airlines Stock Performance
Shares of SNCY opened at $12.47 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.60 and a debt-to-equity ratio of 0.77. The firm has a market cap of $663.53 million, a PE ratio of 12.86, a price-to-earnings-growth ratio of 0.23 and a beta of 1.61. The company’s 50 day simple moving average is $11.34 and its 200-day simple moving average is $13.31. Sun Country Airlines has a 12-month low of $8.10 and a 12-month high of $18.59.
Sun Country Airlines (NASDAQ:SNCY – Get Free Report) last announced its 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 for the quarter, compared to analyst estimates of $329.51 million. Sun Country Airlines had a net margin of 4.96% and a return on equity of 10.28%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share. As a group, equities analysts predict that Sun Country Airlines will post 1.92 EPS for the current year.
Insider Buying and Selling
In other Sun Country Airlines news, VP John Gyurci sold 3,150 shares of the firm’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $11.49, for a total value of $36,193.50. Following the completion of the sale, the vice president owned 26,122 shares of the company’s stock, valued at approximately $300,141.78. This trade represents a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.00% of the company’s stock.
Institutional Investors Weigh In On Sun Country Airlines
Hedge funds and other institutional investors have recently bought and sold shares of the business. Voya Investment Management LLC raised its stake in shares of Sun Country Airlines by 5,842.4% during the 1st quarter. Voya Investment Management LLC now owns 1,409,892 shares of the company’s stock worth $17,370,000 after buying an additional 1,386,166 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Sun Country Airlines in the 1st quarter valued at about $88,000. Empowered Funds LLC grew its holdings in shares of Sun Country Airlines by 2.0% during the 1st quarter. Empowered Funds LLC now owns 228,893 shares of the company’s stock worth $2,820,000 after purchasing an additional 4,569 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Sun Country Airlines by 6.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,167,547 shares of the company’s stock worth $14,384,000 after purchasing an additional 74,558 shares during the period. Finally, Petrus Trust Company LTA purchased a new stake in shares of Sun Country Airlines during the 1st quarter worth about $334,000.
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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