Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY – Get Rating)'s share price hit a new 52-week low during trading on Friday . The stock traded as low as $16.98 and last traded at $17.02, with a volume of 916620 shares trading hands. The stock had previously closed at $18.28.
Wall Street Analyst Weigh In
SNCY has been the subject of several recent research reports. Evercore ISI dropped their target price on shares of Sun Country Airlines to $26.00 in a research report on Monday, August 15th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Sun Country Airlines from $37.00 to $29.00 and set a "buy" rating for the company in a research report on Wednesday, August 10th. Susquehanna Bancshares dropped 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 report on Tuesday, July 12th. Cowen began coverage on shares of Sun Country Airlines in a research report on Tuesday, September 6th. They set an "outperform" rating and a $25.00 target price for the company. Finally, Susquehanna decreased their price target on shares of Sun Country Airlines from $30.00 to $23.00 and set a "positive" rating for the company in a report on Tuesday, July 12th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $25.63.
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Sun Country Airlines Stock Down 6.9 %
The company has a market cap of $989.54 million, a price-to-earnings ratio of 81.05 and a beta of 0.51. The company has a current ratio of 1.10, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The firm's fifty day moving average price is $19.51 and its 200-day moving average price is $21.94.
Sun Country Airlines (NASDAQ:SNCY – Get Rating) last announced its earnings results on Monday, August 8th. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates 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%. Sun Country Airlines's revenue for the quarter was up 46.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share. Sell-side analysts predict that Sun Country Airlines Holdings, Inc. will post 0.3 earnings per share for the current year.
Hedge Funds Weigh In On Sun Country Airlines
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC acquired a new position in Sun Country Airlines in the 2nd quarter worth $30,000. Advisor Group Holdings Inc. boosted its stake in Sun Country Airlines by 31.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,323 shares of the company's stock worth $61,000 after purchasing an additional 550 shares during the period. Quantbot Technologies LP bought a new stake in Sun Country Airlines during the 2nd quarter worth about $62,000. Point72 Hong Kong Ltd grew its holdings in shares of Sun Country Airlines by 12,210.2% in the 2nd quarter. Point72 Hong Kong Ltd now owns 6,032 shares of the company's stock valued at $111,000 after acquiring an additional 5,983 shares in the last quarter. Finally, Amalgamated Bank bought a new position in shares of Sun Country Airlines in the 1st quarter valued at about $137,000.
Sun Country Airlines Company Profile
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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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