Copa Holdings, S.A. (NYSE:CPA) has received a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $132.67.
A number of brokerages have weighed in on CPA. J P Morgan Chase & Co raised shares of Copa from a “neutral” rating to an “overweight” rating and set a $155.00 target price for the company in a research note on Tuesday, November 21st. Santander upgraded shares of Copa from an “underperform” rating to a “hold” rating in a research report on Monday, December 4th. Bank of America lowered their price target on shares of Copa from $167.00 to $154.00 and set a “buy” rating for the company in a research report on Tuesday, September 26th. Zacks Investment Research cut shares of Copa from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Finally, UBS upgraded shares of Copa from a “neutral” rating to a “buy” rating in a report on Thursday, November 9th.
Hedge funds have recently added to or reduced their stakes in the stock. Pictet Asset Management Ltd. lifted its holdings in shares of Copa by 9.1% in the second quarter. Pictet Asset Management Ltd. now owns 1,853 shares of the transportation company’s stock worth $210,000 after acquiring an additional 154 shares during the last quarter. Virtu KCG Holdings LLC raised its holdings in Copa by 4.5% in the 2nd quarter. Virtu KCG Holdings LLC now owns 6,827 shares of the transportation company’s stock valued at $799,000 after buying an additional 292 shares during the last quarter. Hosking Partners LLP raised its holdings in Copa by 0.6% in the 3rd quarter. Hosking Partners LLP now owns 84,965 shares of the transportation company’s stock valued at $10,581,000 after buying an additional 532 shares during the last quarter. Legal & General Group Plc raised its holdings in Copa by 6.9% in the 2nd quarter. Legal & General Group Plc now owns 8,768 shares of the transportation company’s stock valued at $1,026,000 after buying an additional 563 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Copa by 2.9% in the 2nd quarter. Alliancebernstein L.P. now owns 29,967 shares of the transportation company’s stock valued at $3,506,000 after buying an additional 850 shares during the last quarter. Institutional investors and hedge funds own 61.40% of the company’s stock.
Shares of Copa (NYSE:CPA) traded down $1.95 during mid-day trading on Friday, reaching $136.24. 145,900 shares of the company traded hands, compared to its average volume of 310,146. Copa has a 12-month low of $90.51 and a 12-month high of $138.72. The company has a market cap of $6,179.30, a P/E ratio of 17.92, a P/E/G ratio of 2.43 and a beta of 1.94. The company has a quick ratio of 0.97, a current ratio of 1.05 and a debt-to-equity ratio of 0.45.
Copa (NYSE:CPA) last announced its earnings results on Wednesday, November 8th. The transportation company reported $2.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.06. Copa had a net margin of 14.88% and a return on equity of 16.81%. The company had revenue of $657.17 million during the quarter, compared to the consensus estimate of $644.36 million. During the same period in the previous year, the firm posted $1.30 earnings per share. The company’s revenue was up 15.6% on a year-over-year basis. equities research analysts predict that Copa will post 8.61 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Wednesday, November 29th. Copa’s payout ratio is presently 34.84%.
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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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