Copa (NYSE:CPA) Stock Rating Lowered by Wall Street Zen

by · The Cerbat Gem

Copa (NYSE:CPA – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other research analysts also recently commented on CPA. Evercore restated an “outperform” rating and set a $175.00 price objective on shares of Copa in a research report on Friday, May 15th. Raymond James Financial raised their target price on Copa from $190.00 to $195.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 14th. Jefferies Financial Group began coverage on Copa in a research note on Thursday, June 18th. They issued a “buy” rating and a $185.00 price target on the stock. UBS Group lowered their price target on Copa from $195.00 to $185.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Copa in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Copa has a consensus rating of “Buy” and a consensus target price of $173.20.

Check Out Our Latest Stock Report on Copa

Copa Stock Down 0.2%

Shares of CPA opened at $135.61 on Friday. The firm’s 50 day moving average is $144.49 and its 200-day moving average is $134.11. Copa has a 12 month low of $107.44 and a 12 month high of $160.46. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $5.58 billion, a PE ratio of 8.92, a P/E/G ratio of 1.18 and a beta of 1.01.

Copa (NYSE:CPA – Get Free Report) last announced its quarterly earnings data on Saturday, August 8th. The transportation company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.21). The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. Copa had a net margin of 15.71% and a return on equity of 22.40%. Copa’s revenue was up 25.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.61 earnings per share. Equities research analysts forecast that Copa will post 16.28 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CPA. Cullen Capital Management LLC bought a new position in shares of Copa in the 2nd quarter valued at $88,871,000. Globeflex Capital L P bought a new stake in Copa during the 2nd quarter worth $13,579,000. Elevation Wealth Partners LLC grew its position in Copa by 240.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 167 shares of the transportation company’s stock worth $26,000 after acquiring an additional 118 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Copa in the 2nd quarter worth about $1,036,000. Finally, Quad Cities Investment Group LLC increased its holdings in Copa by 1.8% in the 2nd quarter. Quad Cities Investment Group LLC now owns 8,502 shares of the transportation company’s stock worth $1,323,000 after purchasing an additional 152 shares in the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Copa Company Profile

(Get Free Report)

Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.

Read More