Analysts at Bank of America assumed coverage on shares of Copa (NYSE:CPA) in a research report issued to clients and investors on Friday, January 12th, The Fly reports. The brokerage set a “buy” rating on the transportation company’s stock.
A number of other research analysts also recently issued reports on the company. UBS Group upgraded Copa from a “neutral” rating to a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research raised Copa from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a report on Tuesday, January 9th. JPMorgan Chase & Co. raised Copa from a “neutral” rating to an “overweight” rating and set a $155.00 price target on the stock in a report on Tuesday, November 21st. Cowen boosted their price target on Copa from $120.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, November 10th. Finally, Santander raised Copa from an “underperform” rating to a “hold” rating in a research report on Monday, December 4th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Copa has an average rating of “Hold” and a consensus target price of $135.86.
Copa (CPA) traded down $4.91 during trading on Friday, hitting $132.22. The company’s stock had a trading volume of 178,254 shares, compared to its average volume of 234,143. The company has a market cap of $5,570.00, a P/E ratio of 15.63, a P/E/G ratio of 1.29 and a beta of 1.86. Copa has a 1-year low of $92.98 and a 1-year high of $141.34. The company has a current ratio of 1.05, a quick ratio of 0.97 and a debt-to-equity ratio of 0.45.
Copa (NYSE:CPA) last released its quarterly earnings results on Wednesday, November 8th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.32 by $0.06. The business had revenue of $657.17 million during the quarter, compared to the consensus estimate of $644.36 million. Copa had a return on equity of 16.81% and a net margin of 14.88%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.30 EPS. equities research analysts forecast that Copa will post 8.61 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in CPA. Capital Growth Management LP bought a new position in Copa in the 2nd quarter valued at $72,435,000. FMR LLC grew its position in Copa by 16.5% in the 2nd quarter. FMR LLC now owns 2,072,986 shares of the transportation company’s stock valued at $242,538,000 after acquiring an additional 294,090 shares during the last quarter. Mckinley Capital Management LLC Delaware bought a new position in Copa in the 3rd quarter valued at $33,502,000. First Trust Advisors LP bought a new position in Copa in the 3rd quarter valued at $27,482,000. Finally, JPMorgan Chase & Co. grew its position in Copa by 5.1% in the 3rd 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 currently owned by institutional investors.
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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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