Sun Country Airlines (NASDAQ:SNCY) PT Lowered to $17.00 at Susquehanna

Sun Country Airlines (NASDAQ:SNCY) had its price target lowered by Susquehanna from $18.00 to $17.00 in a report issued on Thursday morning, Benzinga reports. The brokerage currently has a positive rating on the stock.

Several other brokerages have also commented on SNCY. The Goldman Sachs Group cut their target price on Sun Country Airlines from $20.00 to $17.00 and set a neutral rating on the stock in a research report on Thursday, August 17th. Evercore ISI dropped their target price on shares of Sun Country Airlines from $28.00 to $25.00 and set an outperform rating on the stock in a research report on Monday, August 28th. Morgan Stanley dropped their target price on shares of Sun Country Airlines from $27.00 to $25.00 and set an equal weight rating on the stock in a research report on Monday, October 2nd. Barclays decreased their target price on Sun Country Airlines from $25.00 to $18.00 in a research report on Thursday, October 5th. Finally, TheStreet lowered Sun Country Airlines from a c- rating to a d+ rating in a research report on Thursday, August 24th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Sun Country Airlines presently has a consensus rating of Moderate Buy and an average price target of $21.33.

Sun Country Airlines Trading Down 0.1 %

SNCY opened at $12.72 on Thursday. Sun Country Airlines has a twelve month low of $12.39 and a twelve month high of $23.80. The company has a quick ratio of 0.77, a current ratio of 0.70 and a debt-to-equity ratio of 1.12. The company has a fifty day moving average of $14.17 and a 200-day moving average of $17.31. The stock has a market cap of $688.53 million, a PE ratio of 10.26 and a beta of 1.56.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). Sun Country Airlines had a return on equity of 15.58% and a net margin of 7.16%. The firm had revenue of $248.88 million for the quarter, compared to analyst estimates of $245.34 million. During the same quarter last year, the company earned $0.12 earnings per share. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, sell-side analysts predict that Sun Country Airlines will post 1.33 EPS for the current year.

Insider Activity at Sun Country Airlines

In related news, Director Jennifer L. Vogel purchased 13,520 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average cost of $14.83 per share, with a total value of $200,501.60. Following the transaction, the director now owns 28,739 shares of the company’s stock, valued at approximately $426,199.37. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Sun Country Airlines news, CEO Jude Bricker sold 2,145 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $14.25, for a total value of $30,566.25. Following the completion of the sale, the chief executive officer now directly owns 74,546 shares of the company’s stock, valued at approximately $1,062,280.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jennifer L. Vogel acquired 13,520 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was acquired at an average cost of $14.83 per share, for a total transaction of $200,501.60. Following the transaction, the director now owns 28,739 shares of the company’s stock, valued at approximately $426,199.37. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 50,492 shares of company stock valued at $753,537. 3.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. C M Bidwell & Associates Ltd. bought a new stake in Sun Country Airlines in the second quarter worth about $40,000. Coppell Advisory Solutions LLC bought a new stake in Sun Country Airlines in the second quarter worth about $48,000. Allspring Global Investments Holdings LLC raised its position in Sun Country Airlines by 48.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,212 shares of the company’s stock worth $45,000 after acquiring an additional 724 shares during the period. Advisor Group Holdings Inc. increased its position in Sun Country Airlines by 31.0% in the first quarter. Advisor Group Holdings Inc. now owns 2,323 shares of the company’s stock worth $61,000 after buying an additional 550 shares during the last quarter. Finally, KBC Group NV bought a new stake in shares of Sun Country Airlines in the second quarter valued at $54,000.

Sun Country Airlines Company Profile

Sun Country Airlines Holdings, Inc, an air carrier company, operates scheduled service, charter, and cargo businesses in the United States, Latin America, and internationally. The company serves leisure and visiting friends and relatives passengers, and charter customers; and provides crew, maintenance, and insurance services to amazon.com services, Inc with flights to destinations in Canada, Mexico, Central America, and the Caribbean.