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

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

A number of other analysts have also recently weighed in on the company. Wolfe Research upgraded Sun Country Airlines from a “peer perform” rating to an “outperform” rating and set a $14.00 price target on the stock in a research report on Tuesday, October 8th. Susquehanna increased their price target on Sun Country Airlines from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.33.

Sun Country Airlines Stock Performance

SNCY stock traded down $0.38 on Thursday, reaching $15.05. 120,590 shares of the company were exchanged, compared to its average volume of 667,103. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.59 and a quick ratio of 0.57. The firm has a market capitalization of $796.75 million, a PE ratio of 19.05, a PEG ratio of 0.70 and a beta of 1.48. The stock’s fifty day moving average price is $12.14 and its 200 day moving average price is $11.58. Sun Country Airlines has a 12 month low of $9.22 and a 12 month high of $17.56.

Sun Country Airlines (NASDAQ:SNCY) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Sun Country Airlines had a return on equity of 9.00% and a net margin of 4.25%. The company had revenue of $249.50 million for the quarter, compared to analyst estimates of $250.30 million. During the same quarter last year, the firm earned $0.14 EPS. Sun Country Airlines’s revenue for the quarter was up .2% compared to the same quarter last year. On average, research analysts anticipate that Sun Country Airlines will post 0.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO David M. Davis sold 2,115 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $14.51, for a total transaction of $30,688.65. Following the completion of the transaction, the chief financial officer now directly owns 36,158 shares in the company, valued at approximately $524,652.58. The trade was a 5.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jude Bricker sold 37,817 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $15.29, for a total transaction of $578,221.93. Following the completion of the sale, the chief executive officer now directly owns 82,895 shares of the company’s stock, valued at $1,267,464.55. The trade was a 31.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,720 shares of company stock valued at $694,763. Company insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

Several institutional investors have recently modified their holdings of SNCY. Vanguard Group Inc. lifted its stake in Sun Country Airlines by 1.6% in the first quarter. Vanguard Group Inc. now owns 4,677,081 shares of the company’s stock valued at $70,577,000 after buying an additional 75,252 shares in the last quarter. U S Global Investors Inc. boosted its stake in Sun Country Airlines by 14.2% in the 3rd quarter. U S Global Investors Inc. now owns 2,705,789 shares of the company’s stock worth $30,332,000 after purchasing an additional 336,086 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Sun Country Airlines by 10.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,186,222 shares of the company’s stock valued at $14,899,000 after purchasing an additional 112,397 shares during the period. American Century Companies Inc. raised its position in Sun Country Airlines by 40.0% in the 2nd quarter. American Century Companies Inc. now owns 901,335 shares of the company’s stock valued at $11,321,000 after buying an additional 257,418 shares during the last quarter. Finally, Dana Investment Advisors Inc. boosted its holdings in Sun Country Airlines by 114.5% during the second quarter. Dana Investment Advisors Inc. now owns 808,283 shares of the company’s stock worth $10,152,000 after purchasing an additional 431,515 shares during the last quarter.

Sun Country Airlines Company Profile

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.