Susquehanna Issues Positive Forecast for Sun Country Airlines (NASDAQ:SNCY) Stock Price

Sun Country Airlines (NASDAQ:SNCY) had its price objective upped by investment analysts at Susquehanna from $14.00 to $16.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s price target suggests a potential upside of 2.24% from the stock’s current price.

A number of other brokerages have also commented on SNCY. Wolfe Research raised Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a report on Tuesday, October 8th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 target price on shares of Sun Country Airlines in a research note on Friday, November 15th. Finally, Barclays raised their price target on shares of Sun Country Airlines from $20.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.67.

Sun Country Airlines Stock Up 4.0 %

Shares of SNCY traded up $0.60 during trading hours on Tuesday, reaching $15.65. The stock had a trading volume of 163,793 shares, compared to its average volume of 416,440. The firm has a 50-day simple moving average of $14.62 and a 200 day simple moving average of $12.50. Sun Country Airlines has a 12 month low of $9.22 and a 12 month high of $16.34. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $828.51 million, a price-to-earnings ratio of 19.32, a P/E/G ratio of 0.71 and a beta of 1.44.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $249.50 million for the quarter, compared to analyst estimates of $250.30 million. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the firm earned $0.14 earnings per share. Equities research analysts predict that Sun Country Airlines will post 0.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO David M. Davis sold 2,115 shares of Sun Country Airlines stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $14.51, for a total value of $30,688.65. Following the sale, the chief financial officer now owns 36,158 shares of the company’s stock, valued at approximately $524,652.58. The trade was a 5.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John Gyurci sold 40,000 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $15.61, for a total value of $624,400.00. Following the transaction, the vice president now directly owns 12,999 shares of the company’s stock, valued at approximately $202,914.39. This trade represents a 75.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 81,670 shares of company stock valued at $1,259,172. 4.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Sun Country Airlines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNCY. State Street Corp boosted its position in Sun Country Airlines by 3.3% during the third quarter. State Street Corp now owns 1,580,834 shares of the company’s stock worth $17,721,000 after purchasing an additional 51,224 shares during the period. FMR LLC boosted its holdings in Sun Country Airlines by 19.0% in the 3rd quarter. FMR LLC now owns 717,341 shares of the company’s stock worth $8,041,000 after buying an additional 114,687 shares during the period. Algert Global LLC grew its stake in Sun Country Airlines by 207.3% in the 2nd quarter. Algert Global LLC now owns 360,273 shares of the company’s stock valued at $4,525,000 after buying an additional 243,028 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Sun Country Airlines during the third quarter worth $500,000. Finally, Maverick Capital Ltd. purchased a new position in shares of Sun Country Airlines in the second quarter valued at $1,890,000.

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.