Sun Country Airlines (NASDAQ:SNCY) Price Target Raised to $42.00 at Morgan Stanley

Sun Country Airlines (NASDAQ:SNCY) had its price target raised by Morgan Stanley from $40.00 to $42.00 in a research note released on Tuesday, Price Targets.com reports. They currently have an equal weight rating on the stock.

A number of other research firms have also commented on SNCY. Zacks Investment Research raised shares of Sun Country Airlines from a sell rating to a hold rating in a research note on Wednesday, August 4th. Susquehanna Bancshares assumed coverage on shares of Sun Country Airlines in a research note on Tuesday, July 13th. They issued a positive rating and a $34.74 price objective on the stock. Finally, Susquehanna began coverage on shares of Sun Country Airlines in a research note on Tuesday, July 13th. They issued a positive rating and a $42.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Sun Country Airlines presently has a consensus rating of Buy and a consensus target price of $42.53.

Shares of Sun Country Airlines stock opened at $34.60 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.46 and a current ratio of 1.48. The firm’s 50 day moving average is $32.79. Sun Country Airlines has a 1 year low of $29.09 and a 1 year high of $44.13.

Sun Country Airlines (NASDAQ:SNCY) last posted its earnings results on Thursday, July 29th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.21. The business had revenue of $149.19 million for the quarter, compared to the consensus estimate of $135.12 million. Equities research analysts forecast that Sun Country Airlines will post 0.22 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in SNCY. Apollo Management Holdings L.P. purchased a new position in Sun Country Airlines during the first quarter valued at $1,402,053,000. BlackRock Inc. lifted its position in Sun Country Airlines by 50.5% during the second quarter. BlackRock Inc. now owns 3,336,441 shares of the company’s stock valued at $123,481,000 after buying an additional 1,120,133 shares during the period. U S Global Investors Inc. purchased a new position in Sun Country Airlines during the second quarter valued at $107,783,000. Capital International Investors lifted its position in Sun Country Airlines by 171.2% during the second quarter. Capital International Investors now owns 1,898,674 shares of the company’s stock valued at $70,270,000 after buying an additional 1,198,674 shares during the period. Finally, Vanguard Group Inc. lifted its position in Sun Country Airlines by 170.9% during the second quarter. Vanguard Group Inc. now owns 1,616,419 shares of the company’s stock valued at $59,824,000 after buying an additional 1,019,628 shares during the period.

About Sun Country Airlines

Sun Country Airlines Holdings, Inc, an air carrier company, provides scheduled passenger service, air cargo service, charter air transportation, and related services in the United States, Latin America, and internationally. As of May 17, 2021, it operated a fleet of 43 aircraft, including 31 passenger and 12 cargo aircraft.

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Analyst Recommendations for Sun Country Airlines (NASDAQ:SNCY)

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