Copa (NYSE:CPA) Upgraded at The Goldman Sachs Group
by Teresa Graham · The Cerbat GemThe Goldman Sachs Group upgraded shares of Copa (NYSE:CPA – Free Report) from a neutral rating to a buy rating in a research report released on Monday, MarketBeat reports. The firm currently has $138.00 target price on the transportation company’s stock, down from their prior target price of $151.00.
A number of other equities research analysts have also recently issued reports on the company. Evercore reaffirmed an “outperform” rating and set a $185.00 target price on shares of Copa in a research report on Friday, February 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Copa in a research report on Wednesday, January 21st. Barclays reduced their price objective on shares of Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. UBS Group lowered their target price on shares of Copa from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. Finally, Bank of America dropped their target price on shares of Copa from $212.00 to $171.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. 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’s stock. According to data from MarketBeat, Copa currently has a consensus rating of “Buy” and an average target price of $165.00.
View Our Latest Stock Analysis on CPA
Copa Trading Down 0.1%
Copa stock opened at $120.75 on Monday. Copa has a one year low of $86.37 and a one year high of $156.41. The company’s fifty day moving average price is $127.67 and its two-hundred day moving average price is $125.91. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.31 and a quick ratio of 1.20. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 1.08 and a beta of 1.01.
Copa (NYSE:CPA – Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The transportation company reported $4.46 earnings per share for the quarter, topping analysts’ consensus estimates of $4.44 by $0.02. The company had revenue of $962.89 million during the quarter, compared to analysts’ expectations of $959.22 million. Copa had a return on equity of 25.62% and a net margin of 18.57%.The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.99 earnings per share. On average, analysts forecast that Copa will post 15.48 earnings per share for the current fiscal year.
Copa Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 5.7%. This is an increase from Copa’s previous quarterly dividend of $1.61. The ex-dividend date of this dividend was Friday, February 27th. Copa’s payout ratio is presently 42.04%.
Institutional Trading of Copa
Hedge funds have recently bought and sold shares of the stock. Focus Financial Network Inc. increased its holdings in shares of Copa by 4.9% during the 4th quarter. Focus Financial Network Inc. now owns 2,193 shares of the transportation company’s stock worth $264,000 after purchasing an additional 102 shares during the period. Burney Co. raised its position in shares of Copa by 1.9% during the fourth quarter. Burney Co. now owns 6,032 shares of the transportation company’s stock valued at $728,000 after buying an additional 111 shares during the last quarter. MGO One Seven LLC lifted its stake in shares of Copa by 3.1% in the fourth quarter. MGO One Seven LLC now owns 3,743 shares of the transportation company’s stock valued at $451,000 after buying an additional 112 shares during the period. Private Advisor Group LLC lifted its stake in shares of Copa by 5.8% in the third quarter. Private Advisor Group LLC now owns 2,158 shares of the transportation company’s stock valued at $256,000 after buying an additional 119 shares during the period. Finally, US Bancorp DE grew its position in Copa by 90.2% during the third quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after buying an additional 120 shares in the last quarter. 70.09% of the stock is owned by institutional investors.
About Copa
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.