Copa (CPA) Rating Reiterated by Cowen

Cowen reaffirmed their market perform rating on shares of Copa (NYSE:CPA) in a report published on Friday, Briefing.com Automated Import reports. Cowen currently has a $93.00 price target on the transportation company’s stock, up from their previous price target of $85.00.

Other research analysts have also recently issued research reports about the company. UBS Group upgraded Copa from a neutral rating to a buy rating in a research report on Thursday, January 17th. Citigroup upgraded Copa from a neutral rating to a buy rating in a research report on Thursday. Zacks Investment Research upgraded Copa from a hold rating to a buy rating and set a $109.00 price target on the stock in a research report on Monday, January 28th. TheStreet cut Copa from a b rating to a c+ rating in a research report on Thursday, February 14th. Finally, ValuEngine upgraded Copa from a sell rating to a hold rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $98.75.

Shares of NYSE CPA traded down $3.11 during mid-day trading on Friday, reaching $94.24. The company had a trading volume of 818,357 shares, compared to its average volume of 365,315. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.93 and a current ratio of 1.02. Copa has a one year low of $67.38 and a one year high of $116.68. The stock has a market capitalization of $3.98 billion, a P/E ratio of 14.45, a PEG ratio of 1.76 and a beta of 1.44.

Copa (NYSE:CPA) last issued its quarterly earnings results on Wednesday, May 8th. The transportation company reported $2.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.47. Copa had a return on equity of 11.49% and a net margin of 1.56%. The company had revenue of $672.17 million for the quarter, compared to analysts’ expectations of $670.26 million. During the same quarter last year, the business earned $3.22 earnings per share. Copa’s revenue was down 6.0% on a year-over-year basis. Equities research analysts forecast that Copa will post 6.7 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Thursday, May 30th. Copa’s dividend payout ratio is presently 39.88%.

A number of institutional investors have recently added to or reduced their stakes in CPA. RWC Asset Advisors US LLC bought a new position in Copa in the fourth quarter valued at about $67,684,000. BlackRock Inc. boosted its stake in shares of Copa by 101.1% during the fourth quarter. BlackRock Inc. now owns 1,500,956 shares of the transportation company’s stock valued at $118,141,000 after purchasing an additional 754,505 shares in the last quarter. Brandes Investment Partners LP acquired a new stake in shares of Copa during the fourth quarter valued at about $34,753,000. INCA Investments LLC boosted its stake in shares of Copa by 31.0% during the fourth quarter. INCA Investments LLC now owns 938,100 shares of the transportation company’s stock valued at $73,838,000 after purchasing an additional 222,067 shares in the last quarter. Finally, Sprucegrove Investment Management Ltd. boosted its stake in shares of Copa by 26.0% during the fourth quarter. Sprucegrove Investment Management Ltd. now owns 1,058,757 shares of the transportation company’s stock valued at $83,335,000 after purchasing an additional 218,300 shares in the last quarter. Hedge funds and other institutional investors own 64.21% of the company’s stock.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 75 destinations in 31 countries in North, Central, and South America, as well as the Caribbean. As of April 12, 2018, it operated a fleet of 101 aircraft comprising 81 Boeing 737NG aircraft and 20 EMBRAER-190s aircraft.

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Analyst Recommendations for Copa (NYSE:CPA)

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