Copa Holdings, S.A. (NYSE:CPA) had its price objective raised by Cowen and Company from $120.00 to $130.00 in a report released on Friday morning, MarketBeat.com reports. Cowen and Company currently has a market perform rating on the transportation company’s stock.
CPA has been the topic of several other reports. BidaskClub lowered shares of Copa Holdings, from a buy rating to a hold rating in a research note on Thursday, August 24th. Bank of America Corporation lifted their price target on shares of Copa Holdings, from $140.00 to $150.00 and gave the stock a buy rating in a research note on Thursday, August 10th. Zacks Investment Research lowered shares of Copa Holdings, from a hold rating to a sell rating in a research note on Monday, October 16th. Deutsche Bank AG reiterated a buy rating and set a $137.00 price target (up from $134.00) on shares of Copa Holdings, in a research note on Tuesday, July 18th. Finally, UBS AG upgraded shares of Copa Holdings, from a neutral rating to a buy rating in a research note on Thursday. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $122.81.
Shares of Copa Holdings, (NYSE CPA) traded down $1.33 on Friday, hitting $122.99. 397,500 shares of the stock were exchanged, compared to its average volume of 311,557. Copa Holdings, has a fifty-two week low of $83.34 and a fifty-two week high of $134.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.05 and a quick ratio of 0.97. The firm 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 quarterly earnings results on Wednesday, November 8th. The transportation company reported $2.38 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $657.17 million for the quarter, compared to analyst estimates of $644.36 million. During the same period last year, the business earned $1.30 EPS. Copa Holdings,’s revenue for the quarter was up 15.6% compared to the same quarter last year. equities research analysts expect that Copa Holdings, will post 8.27 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders 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 currently 34.84%.
Several large investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Copa Holdings, by 5.1% in the third quarter. JPMorgan Chase & Co. now owns 3,112,359 shares of the transportation company’s stock valued at $381,825,000 after acquiring an additional 150,735 shares in the last quarter. FMR LLC boosted its holdings in shares of 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 acquiring an additional 294,090 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of 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 acquiring an additional 37,710 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Copa Holdings, by 7.6% in the first quarter. Vanguard Group Inc. now owns 685,313 shares of the transportation company’s stock valued at $76,927,000 after acquiring an additional 48,675 shares in the last quarter. Finally, Capital Growth Management LP purchased a new stake in shares of Copa Holdings, in the second quarter valued at about $72,435,000. 67.89% of the stock is currently owned by institutional investors and hedge funds.
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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