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

Wall Street Zen upgraded shares of Copa (NYSE:CPA) from a buy rating to a strong-buy rating in a research report report published on Saturday.

A number of other analysts have also recently issued reports on CPA. Itau BBA Securities assumed coverage on shares of Copa in a research note on Sunday, November 30th. They issued a “market perform” rating for the company. Raymond James Financial set a $164.00 target price on shares of Copa and gave the stock a “strong-buy” rating in a report on Monday, November 3rd. JPMorgan Chase & Co. decreased their price target on Copa from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, December 8th. Evercore ISI boosted their price objective on Copa from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Copa in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Copa currently has a consensus rating of “Buy” and a consensus target price of $159.43.

Copa Stock Performance

NYSE:CPA opened at $121.65 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 1.06. The stock has a 50-day simple moving average of $122.21 and a two-hundred day simple moving average of $117.04. The firm has a market capitalization of $5.01 billion, a PE ratio of 7.57, a P/E/G ratio of 1.45 and a beta of 0.90. Copa has a 52-week low of $82.54 and a 52-week high of $130.00.

Copa (NYSE:CPA) last posted its quarterly earnings data on Wednesday, November 19th. The transportation company reported $4.20 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.17. The firm had revenue of $913.15 million for the quarter, compared to analysts’ expectations of $917.51 million. Copa had a return on equity of 26.39% and a net margin of 18.83%.The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.50 EPS. Analysts forecast that Copa will post 15.48 EPS for the current year.

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $1.61 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $6.44 annualized dividend and a yield of 5.3%. Copa’s dividend payout ratio is 40.05%.

Institutional Investors Weigh In On Copa

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp purchased a new position in shares of Copa in the 2nd quarter worth approximately $25,000. CWM LLC boosted its stake in Copa by 408.2% in the third quarter. CWM LLC now owns 249 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. US Bancorp DE grew its holdings in Copa by 90.2% in the third quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after purchasing an additional 120 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Copa by 271.4% in the third quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock worth $31,000 after purchasing an additional 190 shares during the last quarter. Finally, Bayforest Capital Ltd acquired a new position in shares of Copa during the first quarter worth $36,000. 70.09% of the stock is owned by institutional investors.

Copa Company Profile

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.