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Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY – Get Rating) have received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $25.83.
SNCY has been the subject of several recent analyst reports. Susquehanna Bancshares decreased their target price on Sun Country Airlines from $30.00 to $23.00 and set a “positive” rating for the company in a research note on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Sun Country Airlines from $37.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, August 10th. Morgan Stanley decreased their price target on shares of Sun Country Airlines from $35.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 24th. Susquehanna reduced their target price on shares of Sun Country Airlines from $30.00 to $23.00 and set a “positive” rating for the company in a research note on Tuesday, July 12th. Finally, Evercore ISI cut their price target on Sun Country Airlines to $26.00 in a report on Monday, August 15th.
Sun Country Airlines Price Performance
Shares of NASDAQ:SNCY opened at $19.26 on Friday. The stock has a market capitalization of $1.12 billion, a P/E ratio of 91.71 and a beta of 0.55. The business has a 50-day moving average of $19.25 and a two-hundred day moving average of $22.68. Sun Country Airlines has a fifty-two week low of $17.00 and a fifty-two week high of $36.87. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.08.
Sun Country Airlines (NASDAQ:SNCY – Get Rating) last posted its earnings results on Monday, August 8th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.16). The company had revenue of $219.10 million during the quarter, compared to analyst estimates of $216.69 million. Sun Country Airlines had a return on equity of 6.26% and a net margin of 1.64%. The firm’s revenue for the quarter was up 46.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.07 earnings per share. On average, equities research analysts predict that Sun Country Airlines will post 0.28 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in SNCY. Thrivent Financial for Lutherans lifted its holdings in Sun Country Airlines by 76.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,061,958 shares of the company’s stock valued at $56,189,000 after purchasing an additional 890,165 shares during the last quarter. Principal Financial Group Inc. grew its position in Sun Country Airlines by 15.0% during the 1st quarter. Principal Financial Group Inc. now owns 664,177 shares of the company’s stock worth $17,389,000 after acquiring an additional 86,503 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in Sun Country Airlines during the 1st quarter valued at $267,000. Emerald Mutual Fund Advisers Trust raised its position in Sun Country Airlines by 29.4% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 592,241 shares of the company’s stock valued at $15,505,000 after purchasing an additional 134,667 shares during the last quarter. Finally, U S Global Investors Inc. boosted its stake in Sun Country Airlines by 5.9% in the first quarter. U S Global Investors Inc. now owns 3,804,889 shares of the company’s stock worth $99,612,000 after purchasing an additional 211,284 shares in the last quarter.
About Sun Country Airlines
(Get Rating)
Sun Country Airlines Holdings, Inc, an air carrier company, provides scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. As of December 31, 2021, the company operated a fleet of 48 aircraft, including 36 passenger and 12 cargo aircraft.
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