Sun Country Airlines (NASDAQ:SNCY) Given New $24.00 Price Target at Barclays

Sun Country Airlines (NASDAQ:SNCY) had its target price increased by Barclays from $20.00 to $24.00 in a report published on Thursday,Benzinga reports. Barclays currently has an overweight rating on the stock.

Other research analysts have also recently issued reports about the stock. Susquehanna lifted their price target on shares of Sun Country Airlines from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Wolfe Research raised shares of Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target for the company in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.33.

Sun Country Airlines Price Performance

Sun Country Airlines stock opened at $14.89 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.57 and a current ratio of 0.59. The company has a market cap of $788.28 million, a price-to-earnings ratio of 18.38, a PEG ratio of 0.68 and a beta of 1.48. Sun Country Airlines has a 1 year low of $9.22 and a 1 year high of $17.56. The firm has a 50 day moving average price of $12.21 and a 200 day moving average price of $11.57.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $249.50 million during the quarter, compared to analyst estimates of $250.30 million. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The firm’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 earnings per share. Sell-side analysts predict that Sun Country Airlines will post 0.98 earnings per share for the current year.

Insider Buying and Selling at Sun Country Airlines

In other news, CEO Jude Bricker sold 37,817 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $15.29, for a total value of $578,221.93. Following the completion of the sale, the chief executive officer now directly owns 82,895 shares in the company, valued at approximately $1,267,464.55. The trade was a 31.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John Gyurci sold 3,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $11.30, for a total value of $33,900.00. Following the transaction, the vice president now owns 14,407 shares in the company, valued at $162,799.10. This trade represents a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,720 shares of company stock worth $694,763 in the last ninety days. 4.60% of the stock is owned by insiders.

Institutional Trading of Sun Country Airlines

A number of institutional investors and hedge funds have recently modified their holdings of SNCY. Farther Finance Advisors LLC raised its stake in Sun Country Airlines by 76.9% during the third quarter. Farther Finance Advisors LLC now owns 2,300 shares of the company’s stock worth $26,000 after acquiring an additional 1,000 shares during the period. CWM LLC raised its position in shares of Sun Country Airlines by 1,660.9% during the 2nd quarter. CWM LLC now owns 2,659 shares of the company’s stock worth $33,000 after purchasing an additional 2,508 shares during the period. Innealta Capital LLC bought a new stake in shares of Sun Country Airlines in the 2nd quarter worth approximately $40,000. DekaBank Deutsche Girozentrale acquired a new position in Sun Country Airlines during the 1st quarter valued at approximately $66,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Sun Country Airlines during the 2nd quarter worth $80,000.

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.