Sun Country Airlines (NASDAQ:SNCY) Given New $14.00 Price Target at Susquehanna

Sun Country Airlines (NASDAQ:SNCY) had its price target hoisted by Susquehanna from $11.00 to $14.00 in a research note published on Monday, Benzinga reports. They currently have a neutral rating on the stock.

Separately, Wolfe Research upgraded shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target on the stock in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $17.80.

Sun Country Airlines Stock Performance

Sun Country Airlines stock opened at $14.42 on Monday. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $763.39 million, a PE ratio of 17.80, a P/E/G ratio of 0.75 and a beta of 1.48. The firm has a fifty day simple moving average of $11.43 and a two-hundred day simple moving average of $11.50. Sun Country Airlines has a twelve month low of $9.22 and a twelve month high of $17.56.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. Sun Country Airlines had a net margin of 4.25% and a return on equity of 9.00%. The firm had revenue of $249.50 million for the quarter, compared to analysts’ expectations of $250.30 million. During the same quarter in the previous year, the company earned $0.14 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. Research analysts expect that Sun Country Airlines will post 0.9 EPS for the current year.

Insider Transactions at Sun Country Airlines

In related news, VP John Gyurci sold 3,000 shares of Sun Country Airlines stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $11.30, for a total transaction of $33,900.00. Following the completion of the sale, the vice president now owns 14,407 shares in the company, valued at $162,799.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders sold 7,788 shares of company stock worth $85,852. 4.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sun Country Airlines

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its holdings in Sun Country Airlines by 76.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock valued at $26,000 after buying an additional 1,000 shares in the last quarter. CWM LLC increased its position in Sun Country Airlines by 1,660.9% during the 2nd quarter. CWM LLC now owns 2,659 shares of the company’s stock valued at $33,000 after purchasing an additional 2,508 shares during the period. Innealta Capital LLC purchased a new position in Sun Country Airlines during the 2nd quarter valued at about $40,000. DekaBank Deutsche Girozentrale purchased a new position in Sun Country Airlines during the 1st quarter valued at about $66,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Sun Country Airlines during the 2nd quarter valued at about $80,000.

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.