Copa (NYSE:CPA) Downgraded by ValuEngine to “Hold”

ValuEngine downgraded shares of Copa (NYSE:CPA) from a buy rating to a hold rating in a research report report published on Thursday, ValuEngine reports.

A number of other research firms have also weighed in on CPA. Cowen reiterated a market perform rating and issued a $93.00 price target (up from $85.00) on shares of Copa in a research report on Friday, May 10th. Citigroup upgraded shares of Copa from a neutral rating to a buy rating in a research report on Thursday, May 9th. JPMorgan Chase & Co. upped their price target on shares of Copa from $105.00 to $130.00 and gave the stock an overweight rating in a research report on Wednesday, July 3rd. Bank of America upgraded shares of Copa from a neutral rating to a buy rating in a research report on Monday, May 13th. Finally, TheStreet upgraded shares of Copa from a c+ rating to a b rating in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. Copa currently has a consensus rating of Hold and an average target price of $102.27.

CPA stock traded down $1.02 during midday trading on Thursday, reaching $99.21. 145,257 shares of the company’s stock traded hands, compared to its average volume of 336,868. Copa has a 52-week low of $67.38 and a 52-week high of $105.00. The company has a market cap of $4.19 billion, a PE ratio of 15.22, a P/E/G ratio of 0.81 and a beta of 1.28. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 0.70. The stock’s 50-day moving average is $99.68.

Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, May 8th. The transportation company reported $2.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.47. The business had revenue of $672.17 million during the quarter, compared to analyst estimates of $670.26 million. Copa had a net margin of 1.56% and a return on equity of 11.81%. The company’s revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.22 earnings per share. Sell-side analysts anticipate that Copa will post 7.08 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the stock. Highland Capital Management LLC boosted its position in shares of Copa by 1.4% during the second quarter. Highland Capital Management LLC now owns 8,205 shares of the transportation company’s stock worth $801,000 after acquiring an additional 115 shares during the last quarter. Quad Cities Investment Group LLC lifted its position in Copa by 29.6% during the first quarter. Quad Cities Investment Group LLC now owns 875 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 200 shares during the last quarter. Investors Research Corp bought a new position in Copa during the second quarter valued at $29,000. Aperio Group LLC lifted its position in Copa by 3.8% during the second quarter. Aperio Group LLC now owns 9,843 shares of the transportation company’s stock valued at $960,000 after purchasing an additional 358 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Copa by 0.7% during the second quarter. First Trust Advisors LP now owns 76,398 shares of the transportation company’s stock valued at $7,454,000 after purchasing an additional 496 shares during the last quarter. Hedge funds and other institutional investors own 67.28% of the company’s stock.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 81 destinations in 33 countries in North, Central, and South America, as well as the Caribbean. As of April 24, 2019, it operated a fleet of 105 aircraft comprising 6 Boeing 737 MAX9s, 82 Boeing 737NGs, and 17 Embraer-190s aircraft.

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Analyst Recommendations for Copa (NYSE:CPA)

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