Sun Country Airlines (NASDAQ:SNCY) Rating Increased to Outperform at Wolfe Research

by · The Cerbat Gem

Wolfe Research upgraded shares of Sun Country Airlines (NASDAQ:SNCY – Free Report) from a peer perform rating to an outperform rating in a research note released on Tuesday morning, Marketbeat.com reports. Wolfe Research currently has $14.00 price target on the stock.

SNCY has been the subject of several other research reports. TD Cowen upped their price target on Sun Country Airlines from $17.00 to $20.00 and gave the stock a buy rating in a research note on Tuesday, June 25th. Susquehanna decreased their target price on Sun Country Airlines from $13.00 to $11.00 and set a neutral rating for the company in a research report on Friday, August 16th. Finally, Morgan Stanley reissued an overweight rating and issued a $21.00 price target on shares of Sun Country Airlines in a research report on Thursday, June 20th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Sun Country Airlines has an average rating of Moderate Buy and an average target price of $17.20.

Check Out Our Latest Stock Report on SNCY

Sun Country Airlines Trading Down 0.1 %

Shares of NASDAQ SNCY opened at $10.65 on Tuesday. The business has a 50 day simple moving average of $10.56 and a 200 day simple moving average of $11.77. Sun Country Airlines has a 52 week low of $9.22 and a 52 week high of $17.56. The stock has a market cap of $562.43 million, a price-to-earnings ratio of 11.83, a PEG ratio of 0.53 and a beta of 1.54. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.56 and a current ratio of 0.58.

Sun Country Airlines (NASDAQ:SNCY – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $254.40 million for the quarter, compared to the consensus estimate of $255.59 million. Sun Country Airlines had a net margin of 4.75% and a return on equity of 10.34%. Sun Country Airlines’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 EPS. On average, research analysts predict that Sun Country Airlines will post 0.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP John Gyurci sold 3,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $11.30, for a total value of $33,900.00. Following the sale, the vice president now owns 14,407 shares in the company, valued at approximately $162,799.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP John Gyurci sold 3,000 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $11.30, for a total value of $33,900.00. Following the completion of the sale, the vice president now owns 14,407 shares in the company, valued at approximately $162,799.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Grant Whitney sold 5,000 shares of Sun Country Airlines stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $12.06, for a total value of $60,300.00. Following the sale, the senior vice president now directly owns 25,068 shares in the company, valued at approximately $302,320.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,788 shares of company stock valued at $146,152. Insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SNCY. The Manufacturers Life Insurance Company raised its position in Sun Country Airlines by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 14,971 shares of the company’s stock worth $188,000 after purchasing an additional 1,087 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of Sun Country Airlines by 5.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 22,841 shares of the company’s stock worth $345,000 after buying an additional 1,130 shares in the last quarter. American International Group Inc. lifted its position in shares of Sun Country Airlines by 11.4% during the 1st quarter. American International Group Inc. now owns 22,927 shares of the company’s stock worth $346,000 after buying an additional 2,347 shares during the period. CWM LLC boosted its stake in Sun Country Airlines by 1,660.9% in the 2nd quarter. CWM LLC now owns 2,659 shares of the company’s stock valued at $33,000 after buying an additional 2,508 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its position in Sun Country Airlines by 3.1% in the second quarter. Public Sector Pension Investment Board now owns 83,395 shares of the company’s stock valued at $1,047,000 after acquiring an additional 2,512 shares during the period.

Sun Country Airlines Company Profile

(Get Free Report)

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.

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