Copa (NYSE:CPA) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Copa (NYSE:CPA) from a hold rating to a buy rating in a report released on Saturday morning.

Other equities analysts have also issued research reports about the stock. Barclays cut their price objective on shares of Copa from $185.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. Bank of America dropped their price target on shares of Copa from $212.00 to $171.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. UBS Group lowered their price objective on shares of Copa from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. Evercore restated an “outperform” rating and issued a $175.00 price objective on shares of Copa in a research note on Friday. Finally, The Goldman Sachs Group raised their price objective on shares of Copa from $138.00 to $156.00 and gave the stock a “buy” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $165.80.

Copa Price Performance

CPA stock opened at $131.40 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 0.65. Copa has a one year low of $99.32 and a one year high of $156.41. The firm has a market capitalization of $5.41 billion, a PE ratio of 7.66, a P/E/G ratio of 1.13 and a beta of 0.94. The firm has a 50-day moving average of $117.74 and a two-hundred day moving average of $125.42.

Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.73. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Copa had a net margin of 18.76% and a return on equity of 26.51%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.28 earnings per share. On average, analysts forecast that Copa will post 15.29 earnings per share for the current year.

Copa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $1.71 per share. The ex-dividend date is Friday, May 29th. This represents a $6.84 dividend on an annualized basis and a yield of 5.2%. Copa’s dividend payout ratio is presently 39.88%.

Institutional Trading of Copa

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Capital World Investors increased its stake in shares of Copa by 0.7% in the 4th quarter. Capital World Investors now owns 4,603,671 shares of the transportation company’s stock valued at $555,249,000 after acquiring an additional 30,101 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Copa by 2.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,647,779 shares of the transportation company’s stock worth $198,739,000 after acquiring an additional 44,834 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Copa by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,396,963 shares of the transportation company’s stock worth $158,691,000 after acquiring an additional 52,243 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Copa by 1.9% during the 4th quarter. Captrust Financial Advisors now owns 654,830 shares of the transportation company’s stock worth $78,979,000 after acquiring an additional 12,053 shares in the last quarter. Finally, Brandes Investment Partners LP grew its stake in shares of Copa by 3.5% during the 4th quarter. Brandes Investment Partners LP now owns 654,255 shares of the transportation company’s stock worth $78,910,000 after acquiring an additional 22,126 shares in the last quarter. 70.09% of the stock is owned by institutional investors.

About Copa

Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.