Sun Country Airlines (NASDAQ:SNCY) Given New $17.00 Price Target at TD Cowen

Sun Country Airlines (NASDAQ:SNCY) had its price target decreased by research analysts at TD Cowen from $22.00 to $17.00 in a report issued on Wednesday, Briefing.com reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price target would indicate a potential upside of 37.99% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Susquehanna reissued a “neutral” rating and set a $15.00 price target (down from $17.00) on shares of Sun Country Airlines in a research report on Wednesday, January 10th. Morgan Stanley raised Sun Country Airlines from an “equal weight” rating to an “overweight” rating and set a $21.00 price target for the company in a research report on Monday, February 26th. Finally, Barclays raised their price objective on Sun Country Airlines from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, February 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.17.

Sun Country Airlines Stock Performance

Shares of NASDAQ SNCY opened at $12.32 on Wednesday. The stock has a 50 day moving average price of $14.38 and a 200 day moving average price of $14.55. Sun Country Airlines has a 52 week low of $11.96 and a 52 week high of $23.80. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.63 and a current ratio of 0.65. The stock has a market capitalization of $656.53 million, a PE ratio of 10.10, a price-to-earnings-growth ratio of 0.47 and a beta of 1.63.

Insider Activity

In other news, CEO Jude Bricker sold 2,145 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $14.35, for a total value of $30,780.75. Following the completion of the sale, the chief executive officer now directly owns 124,991 shares of the company’s stock, valued at $1,793,620.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 5,073 shares of company stock valued at $72,944 over the last three months. Insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

A number of large investors have recently made changes to their positions in SNCY. Assetmark Inc. increased its stake in shares of Sun Country Airlines by 39.0% during the fourth quarter. Assetmark Inc. now owns 3,314 shares of the company’s stock worth $52,000 after purchasing an additional 929 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Sun Country Airlines by 71.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,593 shares of the company’s stock worth $53,000 after purchasing an additional 1,498 shares during the period. New York State Teachers Retirement System increased its stake in shares of Sun Country Airlines by 7.4% during the third quarter. New York State Teachers Retirement System now owns 12,917 shares of the company’s stock worth $192,000 after purchasing an additional 887 shares during the period. Strs Ohio bought a new position in shares of Sun Country Airlines during the third quarter worth approximately $247,000. Finally, Barclays PLC increased its stake in shares of Sun Country Airlines by 13.7% during the third quarter. Barclays PLC now owns 16,627 shares of the company’s stock worth $247,000 after purchasing an additional 2,003 shares during the period.

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.