Deutsche Bank Raises Copa (NYSE:CPA) Price Target to $130.00

Copa (NYSE:CPA) had its price target hoisted by Deutsche Bank from $103.00 to $130.00 in a research report released on Monday, The Fly reports. Deutsche Bank currently has a buy rating on the transportation company’s stock. The analysts noted that the move was a valuation call.

CPA has been the subject of a number of other reports. Evercore ISI reaffirmed a buy rating on shares of Copa in a report on Sunday. UBS Group upgraded shares of Copa from a neutral rating to a buy rating in a research report on Friday, September 27th. ValuEngine cut shares of Copa from a sell rating to a strong sell rating in a research report on Saturday, September 14th. Buckingham Research raised their price objective on shares of Copa from $119.00 to $125.00 and gave the company a buy rating in a research report on Thursday, August 8th. Finally, Barclays started coverage on shares of Copa in a research report on Monday, July 29th. They issued an overweight rating and a $122.00 price objective for the company. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $111.92.

Shares of NYSE:CPA traded up $0.39 during midday trading on Monday, reaching $108.99. 228,564 shares of the company’s stock were exchanged, compared to its average volume of 344,516. The company’s 50 day simple moving average is $102.60 and its two-hundred day simple moving average is $98.72. The firm has a market capitalization of $4.51 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 0.89 and a beta of 1.30. Copa has a 12 month low of $72.00 and a 12 month high of $116.88. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 1.04.

Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, November 13th. The transportation company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.14. The company had revenue of $708.21 million during the quarter, compared to the consensus estimate of $698.59 million. Copa had a net margin of 3.29% and a return on equity of 15.24%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $1.36 EPS. On average, research analysts anticipate that Copa will post 7.54 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Wednesday, November 27th. Copa’s dividend payout ratio (DPR) is presently 39.88%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Investors Research Corp bought a new position in shares of Copa in the 2nd quarter valued at about $29,000. Point72 Hong Kong Ltd bought a new position in shares of Copa in the 2nd quarter valued at about $57,000. Cerebellum GP LLC bought a new position in shares of Copa in the 3rd quarter valued at about $126,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Copa by 8.0% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,398 shares of the transportation company’s stock valued at $132,000 after purchasing an additional 103 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new position in Copa during the 2nd quarter worth approximately $165,000. 69.96% of the stock is currently owned by institutional investors.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 81 destinations in 33 countries in North, Central, and South America, as well as the Caribbean. As of April 24, 2019, it operated a fleet of 105 aircraft comprising 6 Boeing 737 MAX9s, 82 Boeing 737NGs, and 17 Embraer-190s aircraft.

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