Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Receives $18.88 Average Target Price from Brokerages

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $18.8750.

A number of equities research analysts recently weighed in on SNCY shares. JPMorgan Chase & Co. raised their target price on shares of Sun Country Airlines from $18.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Cowen restated a “buy” rating on shares of Sun Country Airlines in a research report on Monday, November 3rd. Evercore ISI upped their target price on shares of Sun Country Airlines from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Zacks Research raised Sun Country Airlines from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Finally, Wall Street Zen downgraded Sun Country Airlines from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th.

Insider Buying and Selling at Sun Country Airlines

In related news, CEO Jude Bricker sold 2,139 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $11.69, for a total transaction of $25,004.91. Following the transaction, the chief executive officer directly owned 123,347 shares of the company’s stock, valued at approximately $1,441,926.43. This trade represents a 1.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 3,772 shares of company stock worth $45,508. Company insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

Several institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Sun Country Airlines by 1,728.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company’s stock valued at $25,000 after purchasing an additional 2,040 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Sun Country Airlines by 1,556.8% in the second quarter. Nisa Investment Advisors LLC now owns 4,490 shares of the company’s stock worth $53,000 after buying an additional 4,219 shares during the period. GAMMA Investing LLC boosted its position in Sun Country Airlines by 493.1% during the 2nd quarter. GAMMA Investing LLC now owns 4,757 shares of the company’s stock valued at $56,000 after acquiring an additional 3,955 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Sun Country Airlines during the 2nd quarter worth approximately $59,000. Finally, Ameritas Investment Partners Inc. raised its position in shares of Sun Country Airlines by 40.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,224 shares of the company’s stock worth $61,000 after acquiring an additional 1,504 shares in the last quarter.

Sun Country Airlines Trading Up 2.4%

Sun Country Airlines stock opened at $14.95 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.73 and a current ratio of 0.76. Sun Country Airlines has a fifty-two week low of $8.10 and a fifty-two week high of $18.59. The stock has a market cap of $788.16 million, a P/E ratio of 14.24, a PEG ratio of 0.53 and a beta of 1.58. The firm’s fifty day moving average price is $12.84 and its 200-day moving average price is $12.36.

Sun Country Airlines (NASDAQ:SNCY) last posted its earnings results on Wednesday, June 22nd. The company reported ($0.09) EPS for the quarter. Sun Country Airlines had a return on equity of 10.32% and a net margin of 5.25%.The business had revenue of $127.61 million for the quarter. Equities research analysts forecast that Sun Country Airlines will post 1.92 earnings per share for the current fiscal year.

About Sun Country Airlines

Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.