Sun Country Airlines (NASDAQ:SNCY) Price Target Increased to $20.00 by Analysts at TD Cowen

Sun Country Airlines (NASDAQ:SNCY) had its target price raised by TD Cowen from $17.00 to $20.00 in a research report released on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

Separately, Morgan Stanley reissued an overweight rating and set a $21.00 target price on shares of Sun Country Airlines in a research note on Thursday, June 20th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sun Country Airlines currently has a consensus rating of Moderate Buy and a consensus target price of $19.67.

Sun Country Airlines Trading Up 3.5 %

Shares of SNCY stock opened at $12.56 on Tuesday. The company has a 50-day moving average of $11.56 and a two-hundred day moving average of $13.61. The firm has a market cap of $660.78 million, a PE ratio of 10.30, a price-to-earnings-growth ratio of 0.61 and a beta of 1.52. Sun Country Airlines has a 1-year low of $9.22 and a 1-year high of $23.80. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.59.

Sun Country Airlines (NASDAQ:SNCY) last posted its earnings results on Monday, May 6th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.02). Sun Country Airlines had a net margin of 6.48% and a return on equity of 14.35%. The company had revenue of $311.50 million during the quarter, compared to analyst estimates of $316.23 million. During the same quarter last year, the business posted $0.68 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts predict that Sun Country Airlines will post 1.11 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Grant Whitney sold 5,888 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $10.68, for a total transaction of $62,883.84. Following the completion of the transaction, the senior vice president now directly owns 26,355 shares of the company’s stock, valued at $281,471.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Grant Whitney sold 5,888 shares of Sun Country Airlines stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $10.68, for a total transaction of $62,883.84. Following the completion of the sale, the senior vice president now directly owns 26,355 shares of the company’s stock, valued at approximately $281,471.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jude Bricker sold 2,145 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $14.35, for a total value of $30,780.75. Following the completion of the transaction, the chief executive officer now directly owns 124,991 shares in the company, valued at approximately $1,793,620.85. The disclosure for this sale can be found here. Insiders have sold a total of 10,961 shares of company stock worth $135,828 in the last quarter. 3.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sun Country Airlines

Several institutional investors have recently added to or reduced their stakes in SNCY. Par Capital Management Inc. boosted its holdings in Sun Country Airlines by 95.7% in the fourth quarter. Par Capital Management Inc. now owns 2,767,000 shares of the company’s stock valued at $43,525,000 after purchasing an additional 1,352,800 shares in the last quarter. Ghisallo Capital Management LLC acquired a new stake in Sun Country Airlines during the 4th quarter worth $7,078,000. Vanguard Group Inc. lifted its position in Sun Country Airlines by 3.7% in the third quarter. Vanguard Group Inc. now owns 4,209,412 shares of the company’s stock valued at $62,468,000 after acquiring an additional 150,735 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Sun Country Airlines by 123.1% in the first quarter. Assenagon Asset Management S.A. now owns 244,507 shares of the company’s stock valued at $3,690,000 after acquiring an additional 134,924 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Sun Country Airlines by 111.5% during the first quarter. Empowered Funds LLC now owns 188,011 shares of the company’s stock worth $2,837,000 after purchasing an additional 99,097 shares during the last quarter.

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.