Copa Holdings, S.A. (NYSE:CPA) had its target price boosted by Cowen and Company from $120.00 to $130.00 in a research report issued on Friday. The brokerage presently has a “market perform” rating on the transportation company’s stock. Cowen and Company’s price objective indicates a potential upside of 5.70% from the stock’s previous close.
A number of other research firms have also commented on CPA. Bank of America Corporation lowered their price target on Copa Holdings, from $167.00 to $154.00 and set a “buy” rating for the company in a research report on Tuesday, September 26th. BidaskClub lowered Copa Holdings, from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research raised Copa Holdings, from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. UBS AG raised Copa Holdings, from a “neutral” rating to a “buy” rating in a research report on Thursday. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $120.00 price target on shares of Copa Holdings, in a research report on Friday, August 11th. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Copa Holdings, presently has a consensus rating of “Buy” and an average price target of $122.81.
Copa Holdings, (NYSE:CPA) opened at $122.99 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.15 and a debt-to-equity ratio of 0.49. Copa Holdings, has a 12-month low of $83.34 and a 12-month high of $134.25. The firm has a market capitalization of $5,236.73, a P/E ratio of 16.13, a PEG ratio of 2.28 and a beta of 1.91.
Copa Holdings, (NYSE:CPA) last issued its earnings results on Wednesday, November 8th. The transportation company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.06. Copa Holdings, had a return on equity of 17.09% and a net margin of 14.88%. The company had revenue of $657.17 million for the quarter, compared to analyst estimates of $644.36 million. During the same period in the prior year, the firm earned $1.30 earnings per share. Copa Holdings,’s revenue for the quarter was up 15.6% on a year-over-year basis. research analysts predict that Copa Holdings, will post 8.27 EPS for the current fiscal year.
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A number of large investors have recently made changes to their positions in CPA. Pictet Asset Management Ltd. grew its stake in Copa Holdings, by 9.1% in the 2nd quarter. Pictet Asset Management Ltd. now owns 1,853 shares of the transportation company’s stock valued at $210,000 after purchasing an additional 154 shares during the period. HighTower Advisors LLC bought a new position in Copa Holdings, in the 1st quarter valued at $219,000. Global X Management Co. LLC grew its stake in Copa Holdings, by 0.9% in the 2nd quarter. Global X Management Co. LLC now owns 2,010 shares of the transportation company’s stock valued at $235,000 after purchasing an additional 17 shares during the period. Fiera Capital Corp bought a new position in Copa Holdings, in the 2nd quarter valued at $250,000. Finally, US Bancorp DE grew its stake in Copa Holdings, by 50.4% in the 2nd quarter. US Bancorp DE now owns 2,220 shares of the transportation company’s stock valued at $260,000 after purchasing an additional 744 shares during the period. Hedge funds and other institutional investors own 64.84% of the company’s stock.
About Copa Holdings,
Copa Holdings, SA is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama.
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