Sun Country Airlines (NASDAQ:SNCY) Stock Price Expected to Rise, Citigroup Analyst Says

Sun Country Airlines (NASDAQ:SNCY) had its target price raised by equities researchers at Citigroup from $18.00 to $20.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price points to a potential upside of 25.39% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Susquehanna upgraded shares of Sun Country Airlines from a “neutral” rating to a “positive” rating and boosted their target price for the company from $12.00 to $20.00 in a research report on Friday, January 9th. TD Cowen restated a “hold” rating on shares of Sun Country Airlines in a report on Tuesday, February 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $19.00 price target (down from $22.00) on shares of Sun Country Airlines in a research note on Tuesday, January 13th. Zacks Research upgraded shares of Sun Country Airlines from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Sun Country Airlines in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $20.00.

Sun Country Airlines Trading Down 2.3%

NASDAQ SNCY opened at $15.95 on Friday. The business has a 50 day simple moving average of $18.40 and a 200 day simple moving average of $14.87. Sun Country Airlines has a one year low of $8.10 and a one year high of $22.29. The stock has a market capitalization of $848.86 million, a P/E ratio of 16.61, a P/E/G ratio of 0.37 and a beta of 1.55. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.82 and a quick ratio of 0.79.

Sun Country Airlines (NASDAQ:SNCY) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. The firm 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 revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 earnings per share. Research analysts expect that Sun Country Airlines will post 1.92 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Jude Bricker sold 5,514 shares of Sun Country Airlines stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $14.97, for a total value of $82,544.58. Following the completion of the sale, the chief executive officer owned 173,044 shares of the company’s stock, valued at approximately $2,590,468.68. This trade represents a 3.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Stephen Andrew Coley sold 2,052 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $15.09, for a total transaction of $30,964.68. Following the transaction, the senior vice president owned 45,040 shares in the company, valued at approximately $679,653.60. The trade was a 4.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 20,755 shares of company stock worth $334,558 in the last ninety days. Corporate insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

Institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its stake 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 purchasing an additional 2,040 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Sun Country Airlines in the second quarter worth approximately $59,000. Ameritas Investment Partners Inc. raised its stake in shares of Sun Country Airlines by 40.4% in the second 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 last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Sun Country Airlines by 183.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,273 shares of the company’s stock valued at $62,000 after purchasing an additional 3,415 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Sun Country Airlines during the first quarter valued at approximately $88,000.

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.