Copa Holdings, S.A. (NYSE:CPA) Upgraded to Buy at Zacks Investment Research

Copa Holdings, S.A. (NYSE:CPA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday, July 11th. The brokerage currently has a $139.00 price objective on the transportation company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 14.76% from the stock’s current price.

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. “

Several other research firms have also weighed in on CPA. ValuEngine upgraded shares of Copa Holdings, from a “hold” rating to a “buy” rating in a research note on Friday, May 19th. BidaskClub lowered shares of Copa Holdings, from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $108.54.

Copa Holdings, (NYSE:CPA) opened at 121.12 on Tuesday. The stock has a market capitalization of $5.14 billion, a PE ratio of 15.61 and a beta of 1.80. The stock’s 50 day moving average is $124.35 and its 200-day moving average is $113.58. Copa Holdings, has a 52 week low of $75.74 and a 52 week high of $133.70.

Copa Holdings, (NYSE:CPA) last released its quarterly earnings results on Wednesday, August 9th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.48. Copa Holdings, had a net margin of 14.17% and a return on equity of 15.23%. The business had revenue of $578.10 million for the quarter, compared to analyst estimates of $567.47 million. During the same quarter in the previous year, the business earned $0.51 earnings per share. The firm’s revenue was up 16.9% compared to the same quarter last year. Equities research analysts forecast that Copa Holdings, will post $8.56 EPS for the current year.

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A number of hedge funds have recently bought and sold shares of CPA. JPMorgan Chase & Co. increased its stake in Copa Holdings, by 10.1% in the second quarter. JPMorgan Chase & Co. now owns 2,961,624 shares of the transportation company’s stock valued at $346,511,000 after buying an additional 270,954 shares in the last quarter. FMR LLC increased its stake in Copa Holdings, by 16.5% in the second quarter. FMR LLC now owns 2,072,986 shares of the transportation company’s stock valued at $242,538,000 after buying an additional 294,090 shares in the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, BlackRock Inc. increased its stake in Copa Holdings, by 5.1% in the second quarter. BlackRock Inc. now owns 782,269 shares of the transportation company’s stock valued at $91,525,000 after buying an additional 37,710 shares in the last quarter. 70.37% of the stock is owned by institutional investors.

About Copa Holdings,

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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