Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Given Average Rating of “Buy” by Brokerages

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCYGet Rating) have received an average rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $37.20.

SNCY has been the topic of a number of analyst reports. Barclays cut their price target on shares of Sun Country Airlines from $35.00 to $32.00 in a research report on Thursday, April 7th. Morgan Stanley cut their price target on shares of Sun Country Airlines from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, April 4th. Finally, Zacks Investment Research downgraded shares of Sun Country Airlines from a “hold” rating to a “sell” rating in a research report on Saturday.

Sun Country Airlines stock opened at $25.38 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.88. Sun Country Airlines has a 1 year low of $20.55 and a 1 year high of $42.47. The company has a market cap of $1.47 billion, a PE ratio of 22.86 and a beta of -0.22. The company’s 50-day moving average is $25.65 and its two-hundred day moving average is $27.20.

Sun Country Airlines (NASDAQ:SNCYGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. The business had revenue of $226.53 million for the quarter, compared to the consensus estimate of $223.61 million. Sun Country Airlines had a net margin of 9.51% and a return on equity of 7.74%. Sun Country Airlines’s revenue for the quarter was up 77.5% on a year-over-year basis. During the same period last year, the company posted ($0.09) EPS. Research analysts forecast that Sun Country Airlines will post 1.2 EPS for the current year.

In other news, insider Eric Levenhagen sold 59,349 shares of the firm’s stock in a transaction that occurred on Tuesday, April 19th. The shares were sold at an average price of $27.63, for a total transaction of $1,639,812.87. Following the completion of the transaction, the insider now directly owns 1,337 shares of the company’s stock, valued at approximately $36,941.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Brian Edward Davis sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 4th. The stock was sold at an average price of $27.84, for a total transaction of $27,840.00. Following the transaction, the chief marketing officer now directly owns 1,337 shares of the company’s stock, valued at $37,222.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 163,212 shares of company stock valued at $4,485,372.

Several institutional investors and hedge funds have recently modified their holdings of the company. U S Global Investors Inc. grew its stake in shares of Sun Country Airlines by 5.9% during the 1st quarter. U S Global Investors Inc. now owns 3,804,889 shares of the company’s stock worth $99,612,000 after acquiring an additional 211,284 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Sun Country Airlines by 50.5% during the 1st quarter. New York State Common Retirement Fund now owns 26,494 shares of the company’s stock worth $694,000 after acquiring an additional 8,887 shares in the last quarter. Advisor Group Holdings Inc. grew its stake in shares of Sun Country Airlines by 31.0% in the first quarter. Advisor Group Holdings Inc. now owns 2,323 shares of the company’s stock valued at $61,000 after buying an additional 550 shares in the last quarter. Victory Capital Management Inc. acquired a new position in Sun Country Airlines during the first quarter worth $375,000. Finally, Envestnet Asset Management Inc. acquired a new position in Sun Country Airlines during the first quarter worth $253,000.

About Sun Country Airlines (Get Rating)

Sun Country Airlines Holdings, Inc, an air carrier company, provides scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. As of December 31, 2021, the company operated a fleet of 48 aircraft, including 36 passenger and 12 cargo aircraft.

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Analyst Recommendations for Sun Country Airlines (NASDAQ:SNCY)

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