Copa Holdings, S.A. (NYSE:CPA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday, May 12th.
According to Zacks, “Copa Holdings, through its Copa Airlines and AeroRepublica operating subsidiaries, is a leading Latin American provider of passenger and cargo service. Copa Airlines currently offers daily scheduled flights to destinations in countries like North, Central and South America and the Caribbean. “
Other research analysts have also recently issued reports about the stock. ValuEngine cut shares of Copa Holdings, from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. TheStreet raised shares of Copa Holdings, from a “c” rating to a “b” rating in a research note on Thursday, February 16th. Evercore ISI raised shares of Copa Holdings, from a “sell” rating to a “hold” rating and raised their price objective for the stock from $75.00 to $100.00 in a research note on Friday, February 17th. Finally, Wolfe Research raised shares of Copa Holdings, from an “underperform” rating to a “market perform” rating in a research note on Tuesday, January 31st. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $100.54.
Copa Holdings, (NYSE:CPA) traded down 0.09% during trading on Friday, hitting $112.63. The stock had a trading volume of 270,802 shares. Copa Holdings, has a 52-week low of $48.57 and a 52-week high of $125.78. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 14.86 and a beta of 1.75. The firm’s 50-day moving average price is $115.45 and its 200-day moving average price is $105.22.
Copa Holdings, (NYSE:CPA) last issued its earnings results on Wednesday, May 10th. The transportation company reported $2.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.34 by $0.09. Copa Holdings, had a net margin of 14.32% and a return on equity of 13.23%. The company had revenue of $616.70 million during the quarter, compared to analysts’ expectations of $621.16 million. During the same period last year, the company posted $1.66 earnings per share. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. Analysts predict that Copa Holdings, will post $8.46 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.81%. The ex-dividend date was Friday, May 26th. Copa Holdings,’s dividend payout ratio (DPR) is 26.46%.
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Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Copa Holdings, by 33.0% in the first quarter. JPMorgan Chase & Co. now owns 2,690,670 shares of the transportation company’s stock valued at $302,027,000 after buying an additional 667,209 shares during the period. Trinity Street Asset Management LLP increased its stake in Copa Holdings, by 19.2% in the first quarter. Trinity Street Asset Management LLP now owns 967,826 shares of the transportation company’s stock valued at $108,638,000 after buying an additional 155,586 shares during the period. State Street Corp increased its stake in Copa Holdings, by 6.6% in the first quarter. State Street Corp now owns 867,867 shares of the transportation company’s stock valued at $97,415,000 after buying an additional 53,612 shares during the period. Vanguard Group Inc. increased its stake in Copa Holdings, by 7.6% in the first quarter. Vanguard Group Inc. now owns 685,313 shares of the transportation company’s stock valued at $76,927,000 after buying an additional 48,675 shares during the period. Finally, Bamco Inc. NY increased its stake in Copa Holdings, by 60.0% in the third quarter. Bamco Inc. NY now owns 512,000 shares of the transportation company’s stock valued at $45,020,000 after buying an additional 192,000 shares during the period. 69.69% of the stock is currently owned by hedge funds and other institutional investors.
Copa Holdings, Company Profile
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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