Summary of Analyst Ratings and Price TargetsSummary of Analyst Ratings and Price Targets Sun Country Airlines Holdings, Inc. (SNCY) has received an average rating of “Moderate Buy” from six brokerages. * Two analysts have rated the stock as “Hold.” * Four analysts have rated the stock as “Buy.” * The average 12-month price target is $19.67. Analyst Reports * Morgan Stanley: Reiterated overweight rating, $21.00 price target * TD Cowen: Raised price target to $20.00, buy rating Insider Transactions * CEO Jude Bricker sold 2,086 shares at $12.62 on July 2nd. * SVP Grant Whitney sold 5,000 shares at $12.42 on July 1st. * CEO Jude Bricker sold 2,086 shares at $12.62 on July 2nd. * Company insiders have sold 15,964 shares in the last quarter, representing 3.50% of outstanding shares. Institutional Ownership * Hedge funds and institutional investors have been both buying and selling shares in recent quarters. * Assetmark Inc. increased its stake by 39.0% in Q4. * DekaBank Deutsche Girozentrale, Virtu Financial LLC, Lazard Asset Management LLC, and Quantbot Technologies LP established new positions in Q1. Financial Performance * Revenue in Q1 was $311.50 million, slightly below analyst estimates of $316.23 million. * Earnings per share (EPS) were $0.66, missing analyst estimates of $0.68. * Analysts expect EPS of 1.11 for the current fiscal year. Company Profile Sun Country Airlines is an airline that provides scheduled passenger, air cargo, and charter services in the United States, Latin America, and internationally.
Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY – Get Free Report) has been given an average rating of “Moderate Buy” by the six brokerages that currently cover the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given it a buy rating. The average 12-month price target among analysts that have updated their coverage on the stock in the past year is $19.67.
SNCY has been the subject of a number of analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $21.00 price target on shares of Sun Country Airlines in a research note on Thursday, June 20th. TD Cowen raised 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.
View our latest research report on SNCY
Insider buying and selling
In related news, CEO Jude Bricker sold 2,086 shares of Sun Country Airlines stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $12.62, for a total value of $26,325.32. Following the sale, the CEO now owns 122,905 shares of the company’s stock, valued at approximately $1,551,061.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available on the SEC’s website. In related news, SVP Grant Whitney sold 5,000 shares of Sun Country Airlines stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $12.42, for a total value of $62,100.00. Following the sale, the senior vice president now owns 26,355 shares of the company’s stock, valued at approximately $327,329.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC website. Also, CEO Jude Bricker sold 2,086 shares of Sun Country Airlines stock in a transaction that occurred on Tuesday, July 2. The shares were sold at an average price of $12.62, for a total transaction of $26,325.32. Following the completion of the sale, the chief executive officer now directly owns 122,905 shares of the company’s stock, valued at approximately $1,551,061.10. The disclosure for this sale can be found here. During the last quarter, insiders have sold 15,964 shares of the company’s stock valued at $189,075. 3.50% of the shares are held by company insiders.
Institutional investors weigh Sun Country Airlines
Hedge funds and other institutional investors have recently bought and sold shares of the company. Assetmark Inc. increased its stake in Sun Country Airlines by 39.0% in the 4th quarter. Assetmark Inc. now owns 3,314 shares of the company’s stock worth $52,000 after acquiring an additional 929 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in Sun Country Airlines in the 1st quarter worth $66,000. Virtu Financial LLC purchased a new stake in Sun Country Airlines in the 1st quarter worth $155,000. Lazard Asset Management LLC increased its stake in Sun Country Airlines by 310.0% in the 1st quarter. Lazard Asset Management LLC now owns 10,341 shares of the company’s stock worth $155,000 after acquiring an additional 7,819 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Sun Country Airlines in the first quarter worth $251,000.
Price development Sun Country Airlines
SNCY shares opened at $12.67 on Wednesday. The company has a market cap of $666.57 million, a price-to-earnings ratio of 10.39, a price-to-earnings growth ratio of 0.60 and a beta of 1.56. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.59 and a current ratio of 0.61. Sun Country Airlines has a 52-week low of $9.22 and a 52-week high of $23.80. The company has a 50-day simple moving average of $11.32 and a 200-day simple moving average of $13.40.
Sun Country Airlines (NASDAQ:SNCY – Get Free Report) last released its quarterly earnings results on Monday, May 6. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). The company had revenue of $311.50 million for the quarter, compared to analysts’ estimates of $316.23 million. Sun Country Airlines had a net margin of 6.48% and a return on equity of 14.35%. Sun Country Airlines’ revenue for the quarter was up 5.9% year-over-year. In the year-ago quarter, the company reported $0.68 EPS. Research analysts expect Sun Country Airlines to report 1.11 EPS for the current fiscal year.
Company Profile of Sun Country Airlines
(Get Free Report
Sun Country Airlines Holdings, Inc., an airline, 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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