Sun Country Airlines (NASDAQ:SNCY) Price Target Raised to $22.00 at TD Cowen

Sun Country Airlines (NASDAQ:SNCY) had its target price upped by TD Cowen from $18.00 to $22.00 in a report published on Tuesday morning, Marketbeat reports. They currently have a buy rating on the stock.

Several other research analysts also recently weighed in on SNCY. Wolfe Research downgraded shares of Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 20th. Citigroup raised their price target on shares of Sun Country Airlines from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, January 7th. Zacks Research lowered Sun Country Airlines from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Sun Country Airlines in a research note on Monday, December 29th. Finally, Susquehanna raised Sun Country Airlines from a “neutral” rating to a “positive” rating and lifted their target price for the company from $12.00 to $20.00 in a research report on Friday, January 9th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $19.75.

Sun Country Airlines Price Performance

SNCY stock opened at $21.69 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.82 and a quick ratio of 0.73. The company’s 50-day moving average is $16.26 and its 200-day moving average is $13.61. The stock has a market capitalization of $1.14 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 0.49 and a beta of 1.58. Sun Country Airlines has a 1 year low of $8.10 and a 1 year high of $22.29.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. The business had revenue of $280.96 million for the quarter, compared to analyst estimates of $272.98 million. Sun Country Airlines had a return on equity of 8.92% and a net margin of 4.69%.The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 earnings per share. Equities research analysts expect that Sun Country Airlines will post 1.92 EPS for the current fiscal year.

Insider Activity

In other Sun Country Airlines news, SVP Erin Rose Neale sold 2,257 shares of the company’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $17.53, for a total transaction of $39,565.21. Following the sale, the senior vice president directly owned 38,931 shares of the company’s stock, valued at $682,460.43. This represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jude Bricker sold 5,514 shares of Sun Country Airlines stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $14.97, for a total transaction of $82,544.58. Following the completion of the transaction, the chief executive officer owned 173,044 shares of the company’s stock, valued at $2,590,468.68. The trade was a 3.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,378 shares of company stock valued at $343,249 in the last 90 days. Insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its holdings in 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 acquiring an additional 2,040 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Sun Country Airlines by 1,556.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,490 shares of the company’s stock valued at $53,000 after purchasing an additional 4,219 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Sun Country Airlines during the 2nd quarter worth about $59,000. Ameritas Investment Partners Inc. boosted its stake in 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 purchasing an additional 1,504 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in Sun Country Airlines by 183.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,273 shares of the company’s stock valued at $62,000 after buying an additional 3,415 shares in the last quarter.

Sun Country Airlines Company Profile

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.