Sun Country Airlines (NASDAQ:SNCY) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Sun Country Airlines (NASDAQ:SNCY) in a research report released on Wednesday, Marketbeat.com reports. The firm issued an overweight rating and a $23.00 price target on the stock.

Other equities research analysts also recently issued research reports about the stock. Susquehanna lifted their target price on shares of Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a research report on Tuesday, October 8th. Barclays raised their target price on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $17.00 price target on shares of Sun Country Airlines in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Sun Country Airlines has a consensus rating of “Moderate Buy” and an average price target of $19.29.

Sun Country Airlines Stock Up 1.6 %

Sun Country Airlines stock opened at $16.90 on Wednesday. The firm has a market cap of $894.69 million, a price-to-earnings ratio of 20.86, a PEG ratio of 0.36 and a beta of 1.44. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.96. Sun Country Airlines has a 12 month low of $9.22 and a 12 month high of $17.51. The stock has a fifty day simple moving average of $14.97 and a two-hundred day simple moving average of $12.82.

Sun Country Airlines (NASDAQ:SNCY) last issued its earnings results on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $249.50 million during the quarter, compared to analyst estimates of $250.30 million. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. Sun Country Airlines’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 EPS. Equities analysts predict that Sun Country Airlines will post 0.93 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jude Bricker sold 37,817 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $15.29, for a total value of $578,221.93. Following the transaction, the chief executive officer now directly owns 82,895 shares in the company, valued at $1,267,464.55. The trade was a 31.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John Gyurci sold 40,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $15.61, for a total value of $624,400.00. Following the sale, the vice president now owns 12,999 shares of the company’s stock, valued at $202,914.39. This represents a 75.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,458 shares of company stock valued at $1,568,660 in the last ninety days. Corporate insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNCY. Farther Finance Advisors LLC lifted its holdings in shares of Sun Country Airlines by 76.9% in the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after buying an additional 1,000 shares in the last quarter. US Bancorp DE lifted its stake in Sun Country Airlines by 4,522.7% in the 3rd quarter. US Bancorp DE now owns 8,367 shares of the company’s stock worth $94,000 after purchasing an additional 8,186 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of Sun Country Airlines during the 3rd quarter valued at about $132,000. SG Americas Securities LLC purchased a new position in shares of Sun Country Airlines during the third quarter valued at about $159,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Sun Country Airlines by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company’s stock worth $188,000 after purchasing an additional 1,087 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.