Analysts’ Weekly Ratings Changes for Copa (CPA)

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Several analysts have recently updated their ratings and price targets for Copa (NYSE: CPA):

  • 5/13/2019 – Copa was upgraded by analysts at Bank of America Corp from a “neutral” rating to a “buy” rating.
  • 5/10/2019 – Copa had its “market perform” rating reaffirmed by analysts at Cowen Inc. They now have a $93.00 price target on the stock, up previously from $85.00.
  • 5/10/2019 – Copa was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 5/9/2019 – Copa was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 5/9/2019 – Copa was upgraded by analysts at Citigroup Inc from a “neutral” rating to a “buy” rating.

NYSE CPA traded down $3.97 during trading on Friday, hitting $89.90. The stock had a trading volume of 20,589 shares, compared to its average volume of 417,625. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.95 and a quick ratio of 0.93. The company has a market cap of $3.93 billion, a P/E ratio of 13.79, a PEG ratio of 1.00 and a beta of 1.44. Copa Holdings, S.A. has a one year low of $67.38 and a one year high of $115.97.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, May 8th. The transportation company reported $2.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.47. The business had revenue of $672.17 million during the quarter, compared to the consensus estimate of $670.26 million. Copa had a net margin of 1.56% and a return on equity of 11.81%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.22 earnings per share. As a group, equities research analysts expect that Copa Holdings, S.A. will post 6.7 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 2.89%. The ex-dividend date is Thursday, May 30th. Copa’s dividend payout ratio is currently 39.88%.

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Copa by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 555,234 shares of the transportation company’s stock worth $43,700,000 after purchasing an additional 20,289 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Copa by 15.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,597 shares of the transportation company’s stock valued at $284,000 after purchasing an additional 481 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Copa by 1.1% in the 4th quarter. Baillie Gifford & Co. now owns 3,198,998 shares of the transportation company’s stock worth $251,793,000 after acquiring an additional 33,479 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Copa by 12.2% in the 4th quarter. California Public Employees Retirement System now owns 61,273 shares of the transportation company’s stock worth $4,823,000 after acquiring an additional 6,666 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in shares of Copa by 17,209.7% in the 4th quarter. Macquarie Group Ltd. now owns 121,168 shares of the transportation company’s stock worth $9,537,000 after acquiring an additional 120,468 shares during the last quarter. Institutional investors and hedge funds own 63.53% of the company’s stock.

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 75 destinations in 31 countries in North, Central, and South America, as well as the Caribbean. As of April 12, 2018, it operated a fleet of 101 aircraft comprising 81 Boeing 737NG aircraft and 20 EMBRAER-190s aircraft.

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