Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives $20.00 Average Target Price from Analysts

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have been assigned an average rating of “Hold” from the ten analysts that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $20.00.

A number of equities research analysts have recently weighed in on SNCY shares. Citigroup boosted their target price on Sun Country Airlines from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, March 20th. TD Cowen reiterated a “hold” rating on shares of Sun Country Airlines in a research report on Tuesday, February 10th. Zacks Research raised Sun Country Airlines from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th. Susquehanna upgraded shares of Sun Country Airlines from a “neutral” rating to a “positive” rating and upped their target price for the company from $12.00 to $20.00 in a research report on Friday, January 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sun Country Airlines in a research note on Monday, December 29th.

Sun Country Airlines Price Performance

Shares of SNCY stock opened at $16.86 on Monday. Sun Country Airlines has a 1 year low of $8.10 and a 1 year high of $22.29. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.71. The firm’s 50 day moving average is $18.27 and its 200-day moving average is $15.07. The firm has a market capitalization of $897.29 million, a price-to-earnings ratio of 17.56, a PEG ratio of 0.38 and a beta of 1.59.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Sun Country Airlines had a net margin of 4.69% and a return on equity of 8.92%. The business had revenue of $280.96 million during the quarter, compared to analyst estimates of $272.98 million. During the same quarter last year, the business posted $0.27 earnings per share. Sun Country Airlines’s revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side analysts forecast that Sun Country Airlines will post 1.92 EPS for the current fiscal year.

Insider Buying and Selling at Sun Country Airlines

In other Sun Country Airlines news, SVP Erin Rose Neale sold 2,257 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $17.53, for a total transaction of $39,565.21. Following the completion of the sale, the senior vice president owned 38,931 shares in the company, valued at approximately $682,460.43. The trade was a 5.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jude Bricker sold 5,514 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $14.97, for a total value of $82,544.58. Following the completion of the transaction, the chief executive officer directly owned 173,044 shares in the company, valued at approximately $2,590,468.68. This trade represents a 3.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 20,755 shares of company stock valued at $334,558. 5.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sun Country Airlines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNCY. EverSource Wealth Advisors LLC boosted its holdings in 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 buying an additional 2,040 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Sun Country Airlines in the 2nd quarter valued at about $59,000. Ameritas Investment Partners Inc. increased its stake in shares of 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 last quarter. Tower Research Capital LLC TRC raised its position in shares of Sun Country Airlines by 183.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,273 shares of the company’s stock valued at $62,000 after acquiring an additional 3,415 shares during the period. Finally, Acadian Asset Management LLC bought a new position in Sun Country Airlines during the 1st quarter worth approximately $88,000.

Sun Country Airlines Company Profile

Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.