Sun Country Airlines (NASDAQ:SNCY) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Sun Country Airlines (NASDAQ:SNCY) from a hold rating to a strong sell rating in a research note issued to investors on Monday morning,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Susquehanna upgraded shares of Sun Country Airlines from a “neutral” rating to a “positive” rating and raised their price objective 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 research report on Tuesday, February 10th. Weiss Ratings restated a “hold (c)” rating on shares of Sun Country Airlines in a research report on Monday, December 29th. Citigroup raised their price objective on shares of Sun Country Airlines from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, March 20th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $19.00 price objective (down from $22.00) on shares of Sun Country Airlines in a research report on Tuesday, January 13th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.29.

Sun Country Airlines Price Performance

SNCY opened at $17.77 on Monday. The company has a market capitalization of $962.96 million, a price-to-earnings ratio of 18.51, a PEG ratio of 0.63 and a beta of 1.59. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.71. The firm has a 50-day moving average price of $18.16 and a 200-day moving average price of $15.39. Sun Country Airlines has a twelve month low of $8.10 and a twelve month high of $22.29.

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

Institutional Investors Weigh In On Sun Country Airlines

A number of institutional investors and hedge funds have recently bought and sold shares of SNCY. EverSource Wealth Advisors LLC raised its stake in Sun Country Airlines by 1,728.8% in the second 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. Canada Pension Plan Investment Board purchased a new stake in Sun Country Airlines in the second quarter valued at approximately $59,000. Tower Research Capital LLC TRC raised its stake in 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. Acadian Asset Management LLC purchased a new stake in Sun Country Airlines in the first quarter valued at approximately $88,000. Finally, Oregon Public Employees Retirement Fund raised its stake in Sun Country Airlines by 33.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 12,014 shares of the company’s stock valued at $142,000 after purchasing an additional 3,000 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.