Copa (CPA) Upgraded to “Hold” at Santander

Santander upgraded shares of Copa (NYSE:CPA) from an underperform rating to a hold rating in a report released on Monday.

A number of other equities research analysts have also weighed in on CPA. Bank of America boosted their target price on shares of Copa from $140.00 to $150.00 and gave the company a buy rating in a research note on Thursday, August 10th. Zacks Investment Research lowered shares of Copa from a buy rating to a hold rating in a research note on Friday, August 11th. Stifel Nicolaus reiterated a hold rating and set a $120.00 target price on shares of Copa in a research note on Friday, August 11th. BidaskClub lowered shares of Copa from a buy rating to a hold rating in a research note on Thursday, August 24th. Finally, UBS upgraded shares of Copa from a neutral rating to a buy rating in a research note on Thursday, November 9th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $129.69.

Copa (CPA) traded up $1.25 during mid-day trading on Monday, reaching $134.74. The company had a trading volume of 329,600 shares, compared to its average volume of 312,845. The company has a market cap of $5,680.00, a PE ratio of 17.31, a PEG ratio of 2.35 and a beta of 1.93. Copa has a fifty-two week low of $90.15 and a fifty-two week high of $138.69. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.05 and a quick ratio of 0.97.

Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, November 8th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.06. The business had revenue of $657.17 million for the quarter, compared to analysts’ expectations of $644.36 million. Copa had a return on equity of 16.81% and a net margin of 14.88%. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.30 EPS. analysts predict that Copa will post 8.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a $0.75 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 annualized dividend and a dividend yield of 2.23%. Copa’s dividend payout ratio (DPR) is 38.66%.

Large investors have recently bought and sold shares of the company. GSA Capital Partners LLP boosted its holdings in shares of Copa by 10.3% during the 3rd quarter. GSA Capital Partners LLP now owns 12,562 shares of the transportation company’s stock valued at $1,564,000 after purchasing an additional 1,168 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Copa by 202.6% in the 3rd quarter. Sterling Capital Management LLC now owns 26,330 shares of the transportation company’s stock valued at $3,279,000 after acquiring an additional 17,630 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Copa by 2.7% in the 3rd quarter. California Public Employees Retirement System now owns 75,178 shares of the transportation company’s stock valued at $9,362,000 after acquiring an additional 1,978 shares during the last quarter. Bamco Inc. NY lifted its holdings in shares of Copa by 11.1% in the 3rd quarter. Bamco Inc. NY now owns 569,642 shares of the transportation company’s stock valued at $70,938,000 after acquiring an additional 56,862 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Copa by 1,024.9% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 3,161 shares of the transportation company’s stock valued at $394,000 after acquiring an additional 2,880 shares during the last quarter. Hedge funds and other institutional investors own 61.74% of the company’s stock.

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Copa 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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