Sun Country Airlines (NASDAQ:SNCY) Given New $17.00 Price Target at TD Cowen

Sun Country Airlines (NASDAQ:SNCY) had its price objective cut by TD Cowen from $22.00 to $17.00 in a research note released on Friday, Marketbeat.com reports. They currently have a buy rating on the stock.

SNCY has been the subject of several other reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $19.00 price target (down from $22.00) on shares of Sun Country Airlines in a report on Tuesday, January 13th. Susquehanna upgraded shares of Sun Country Airlines from a “neutral” rating to a “positive” rating and upped their price target for the stock from $12.00 to $20.00 in a report on Friday, January 9th. Weiss Ratings downgraded shares of Sun Country Airlines from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 29th. Wolfe Research downgraded shares of Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 20th. Finally, Zacks Research downgraded shares of Sun Country Airlines from a “hold” rating to a “strong sell” rating in a report on Monday, April 13th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sun Country Airlines presently has an average rating of “Hold” and a consensus target price of $19.57.

Sun Country Airlines Trading Up 0.9%

Shares of SNCY stock opened at $17.02 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 0.65. The stock has a market cap of $922.48 million, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 0.60 and a beta of 1.40. The stock has a 50 day simple moving average of $17.00 and a 200 day simple moving average of $15.93. Sun Country Airlines has a 1 year low of $10.14 and a 1 year high of $22.29.

Sun Country Airlines (NASDAQ:SNCY) last released its earnings results on Thursday, February 5th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. Sun Country Airlines had a return on equity of 6.45% and a net margin of 3.55%.The firm had revenue of $280.96 million during the quarter, compared to analysts’ expectations of $272.98 million. During the same period in the prior year, the company earned $0.27 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. On average, research analysts predict that Sun Country Airlines will post 1 earnings per share for the current fiscal year.

Institutional Trading of Sun Country Airlines

Institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in Sun Country Airlines by 1,728.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,158 shares of the company’s stock valued at $25,000 after acquiring an additional 2,040 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Sun Country Airlines by 3,612.3% during the 1st quarter. Parallel Advisors LLC now owns 3,007 shares of the company’s stock worth $50,000 after purchasing an additional 2,926 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Sun Country Airlines during the 2nd quarter worth about $59,000. Tower Research Capital LLC TRC boosted its position in shares of Sun Country Airlines by 183.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,273 shares of the company’s stock worth $62,000 after purchasing an additional 3,415 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of Sun Country Airlines during the 1st quarter worth about $86,000.

Sun Country Airlines Company Profile

Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.