Cowen reissued their hold rating on shares of Copa (NYSE:CPA) in a research report report published on Tuesday, January 9th. Cowen currently has a $137.00 price objective on the transportation company’s stock.
A number of other equities research analysts also recently weighed in on the company. UBS Group raised Copa from a neutral rating to a buy rating in a report on Thursday, November 9th. Bank of America dropped their target price on Copa from $167.00 to $154.00 and set a buy rating for the company in a report on Tuesday, September 26th. Santander raised Copa from an underperform rating to a hold rating in a report on Monday, December 4th. Zacks Investment Research raised Copa from a sell rating to a hold rating in a report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. raised Copa from a neutral rating to an overweight rating and set a $155.00 target price for the company in a report on Tuesday, November 21st. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Copa presently has a consensus rating of Hold and a consensus price target of $135.86.
Copa (CPA) traded up $3.90 during trading hours on Tuesday, hitting $138.33. 338,800 shares of the company traded hands, compared to its average volume of 254,971. Copa has a twelve month low of $92.98 and a twelve month high of $141.34. The company has a market capitalization of $6,041.58, a PE ratio of 16.07, a PEG ratio of 1.27 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 quarterly earnings results on Wednesday, November 8th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.06. Copa had a return on equity of 16.81% and a net margin of 14.88%. The business had revenue of $657.17 million during the quarter, compared to the consensus estimate of $644.36 million. During the same quarter last year, the firm posted $1.30 EPS. The company’s quarterly revenue was up 15.6% on a year-over-year basis. research analysts predict that Copa will post 8.61 EPS for the current year.
A number of hedge funds have recently bought and sold shares of CPA. Capital Growth Management LP acquired a new position in Copa in the second quarter valued at about $72,435,000. FMR LLC raised its stake in Copa by 16.5% in the second quarter. FMR LLC now owns 2,072,986 shares of the transportation company’s stock valued at $242,538,000 after purchasing an additional 294,090 shares in the last quarter. Mckinley Capital Management LLC Delaware bought a new position in Copa in the third quarter valued at about $33,502,000. First Trust Advisors LP bought a new position in Copa in the third quarter valued at about $27,482,000. Finally, JPMorgan Chase & Co. grew its position in Copa by 5.1% in the third quarter. JPMorgan Chase & Co. now owns 3,112,359 shares of the transportation company’s stock valued at $381,825,000 after acquiring an additional 150,735 shares during the last quarter. 60.69% of the stock is owned by institutional investors and hedge funds.
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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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