Copa (CPA) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Copa (NYSE:CPA) from a hold rating to a buy rating in a research report report published on Tuesday. Zacks Investment Research currently has $148.00 price objective on the transportation company’s stock.

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. “

A number of other equities research analysts also recently weighed in on the stock. Cowen reaffirmed a hold rating and issued a $137.00 target price on shares of Copa in a research note on Tuesday. Santander raised shares of Copa from an underperform rating to a hold rating in a research note on Monday, December 4th. JPMorgan Chase & Co. raised shares of Copa from a neutral rating to an overweight rating and set a $155.00 target price on the stock in a research note on Tuesday, November 21st. UBS Group raised shares of Copa from a neutral rating to a buy rating in a research note on Thursday, November 9th. Finally, Bank of America decreased their price target on shares of Copa from $167.00 to $154.00 and set a buy rating on the stock in a research note on Tuesday, September 26th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Copa has a consensus rating of Hold and a consensus price target of $135.86.

Shares of Copa (NYSE CPA) traded up $3.30 on Tuesday, reaching $141.01. 244,828 shares of the company were exchanged, compared to its average volume of 214,113. The stock has a market capitalization of $6,157.84, a P/E ratio of 16.38, a P/E/G ratio of 2.11 and a beta of 1.94. 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 has a 1-year low of $92.98 and a 1-year high of $141.34.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Wednesday, November 29th. Copa’s dividend payout ratio (DPR) is presently 34.84%.

Several hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of Copa by 5.1% during the third quarter. JPMorgan Chase & Co. now owns 3,112,359 shares of the transportation company’s stock worth $381,825,000 after acquiring an additional 150,735 shares in the last quarter. FMR LLC raised its stake in shares of Copa by 16.5% during the second quarter. FMR LLC now owns 2,072,986 shares of the transportation company’s stock worth $242,538,000 after acquiring an additional 294,090 shares in the last quarter. BlackRock Inc. increased its stake in shares of Copa by 5.1% in the second quarter. BlackRock Inc. now owns 782,269 shares of the transportation company’s stock worth $91,525,000 after buying an additional 37,710 shares during the period. Capital Growth Management LP purchased a new position in shares of Copa in the second quarter worth $72,435,000. Finally, Bamco Inc. NY increased its stake in shares of Copa by 11.1% in the third quarter. Bamco Inc. NY now owns 569,642 shares of the transportation company’s stock worth $70,938,000 after buying an additional 56,862 shares during the period. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

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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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