Susquehanna Lowers Sun Country Airlines (NASDAQ:SNCY) Price Target to $11.00

Sun Country Airlines (NASDAQ:SNCY) had its price target lowered by investment analysts at Susquehanna from $17.00 to $11.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Susquehanna’s price target would indicate a potential upside of 5.05% from the company’s previous close.

Separately, JPMorgan Chase & Co. began coverage on Sun Country Airlines in a research report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price objective for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Sun Country Airlines presently has a consensus rating of “Moderate Buy” and an average price target of $18.57.

Sun Country Airlines Stock Up 2.5 %

SNCY traded up $0.25 during trading hours on Monday, hitting $10.47. 271,625 shares of the company’s stock were exchanged, compared to its average volume of 734,327. The firm has a market cap of $556.62 million, a P/E ratio of 11.18, a price-to-earnings-growth ratio of 0.42 and a beta of 1.55. Sun Country Airlines has a 12-month low of $9.22 and a 12-month high of $18.59. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The firm has a 50 day moving average of $15.05 and a 200 day moving average of $14.26.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The business had revenue of $260.40 million for the quarter, compared to analyst estimates of $258.04 million. Sun Country Airlines had a return on equity of 10.23% and a net margin of 4.92%. The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 earnings per share. Analysts predict that Sun Country Airlines will post 1.92 EPS for the current fiscal year.

Insider Transactions at Sun Country Airlines

In other news, VP John Gyurci sold 1,593 shares of Sun Country Airlines stock in a transaction on Friday, January 24th. The shares were sold at an average price of $17.00, for a total value of $27,081.00. Following the transaction, the vice president now directly owns 11,618 shares of the company’s stock, valued at $197,506. The trade was a 12.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Grant Whitney sold 2,127 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $15.98, for a total transaction of $33,989.46. Following the sale, the senior vice president now owns 20,367 shares of the company’s stock, valued at $325,464.66. This trade represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 202,369 shares of company stock valued at $3,394,302. Corporate insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Sun Country Airlines

Several large investors have recently modified their holdings of SNCY. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Sun Country Airlines in the 4th quarter valued at $2,679,000. PharVision Advisers LLC purchased a new position in Sun Country Airlines during the fourth quarter worth about $487,000. Zimmer Partners LP acquired a new stake in Sun Country Airlines in the fourth quarter valued at about $6,261,000. Two Sigma Advisers LP purchased a new stake in Sun Country Airlines in the 4th quarter valued at approximately $219,000. Finally, Two Sigma Investments LP purchased a new stake in Sun Country Airlines in the 4th quarter valued at approximately $1,435,000.

About Sun Country Airlines

Sun Country Airlines Holdings, Inc, an air carrier company, operates scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. It operates through two segments, Passenger and Cargo. The company also provides crew, maintenance, and insurance services through ad hoc, repeat, short-term, and long-term service contracts; and loyalty program rewards.