UBS AG Upgrades Copa Holdings, S.A. (CPA) to “Buy”
UBS AG upgraded shares of Copa Holdings, S.A. (NYSE:CPA) from a neutral rating to a buy rating in a research report released on Thursday morning, The Fly reports.
Several other research analysts have also recently commented on the stock. Deutsche Bank AG reiterated a buy rating and issued a $137.00 target price (up from $134.00) on shares of Copa Holdings, in a report on Tuesday, July 18th. Zacks Investment Research cut shares of Copa Holdings, from a hold rating to a sell rating in a report on Monday, October 16th. BidaskClub cut shares of Copa Holdings, from a strong-buy rating to a buy rating in a report on Friday, July 28th. Bank of America Corporation raised their target price on shares of Copa Holdings, from $140.00 to $150.00 and gave the stock a buy rating in a report on Thursday, August 10th. Finally, Stifel Nicolaus reissued a hold rating and issued a $120.00 price target on shares of Copa Holdings, in a research report on Friday, August 11th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Copa Holdings, currently has a consensus rating of Buy and an average price target of $122.81.
Copa Holdings, (NYSE CPA) traded down $1.33 during trading hours on Thursday, hitting $122.99. 397,500 shares of the stock traded hands, compared to its average volume of 311,557. Copa Holdings, has a one year low of $83.34 and a one year high of $134.25. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.97 and a current ratio of 1.05. The company has a market cap of $5,180.71, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 2.25 and a beta of 1.91.
Copa Holdings, (NYSE:CPA) last announced its earnings results on Wednesday, November 8th. The transportation company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.32 by $0.06. Copa Holdings, had a net margin of 14.88% and a return on equity of 16.81%. The company had revenue of $657.17 million during the quarter, compared to analysts’ expectations of $644.36 million. During the same period last year, the company posted $1.30 earnings per share. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. equities analysts forecast that Copa Holdings, will post 8.27 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Wednesday, November 29th. Copa Holdings,’s payout ratio is presently 34.84%.
A number of hedge funds have recently made changes to their positions in the business. Global X Management Co. LLC grew its holdings in Copa Holdings, by 0.9% during the second quarter. Global X Management Co. LLC now owns 2,010 shares of the transportation company’s stock valued at $235,000 after purchasing an additional 17 shares during the last quarter. Pictet Asset Management Ltd. grew its holdings in Copa Holdings, by 9.1% during the second quarter. Pictet Asset Management Ltd. now owns 1,853 shares of the transportation company’s stock valued at $210,000 after purchasing an additional 154 shares during the last quarter. Virtu KCG Holdings LLC grew its holdings in Copa Holdings, by 4.5% during the second quarter. Virtu KCG Holdings LLC now owns 6,827 shares of the transportation company’s stock valued at $799,000 after purchasing an additional 292 shares during the last quarter. Aperio Group LLC grew its holdings in Copa Holdings, by 2.8% during the second quarter. Aperio Group LLC now owns 12,189 shares of the transportation company’s stock valued at $1,426,000 after purchasing an additional 337 shares during the last quarter. Finally, Hosking Partners LLP grew its holdings in Copa Holdings, by 0.6% during the third quarter. Hosking Partners LLP now owns 84,965 shares of the transportation company’s stock valued at $10,581,000 after purchasing an additional 532 shares during the last quarter. Institutional investors own 67.89% of the company’s stock.
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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