Copa (NYSE:CPA) Downgraded by Wall Street Zen to “Hold”

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

A number of other research analysts also recently weighed in on the stock. Itau BBA Securities began coverage on shares of Copa in a research report on Sunday, November 30th. They set a “market perform” rating on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Copa in a research note on Wednesday, January 21st. Raymond James Financial set a $164.00 target price on Copa and gave the company a “strong-buy” rating in a research report on Monday, November 3rd. Finally, JPMorgan Chase & Co. reduced their price target on Copa from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $156.00.

Copa Stock Up 2.8%

Shares of Copa stock opened at $136.49 on Friday. The company has a 50-day simple moving average of $124.75 and a two-hundred day simple moving average of $120.88. Copa has a 52-week low of $82.54 and a 52-week high of $138.00. 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 market capitalization of $5.62 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 1.50 and a beta of 0.92.

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

Copa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Monday, December 1st. Copa’s dividend payout ratio (DPR) is 40.05%.

Institutional Investors Weigh In On Copa

A number of institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its position in shares of Copa by 56.1% during the first quarter. Goldman Sachs Group Inc. now owns 340,554 shares of the transportation company’s stock worth $31,488,000 after acquiring an additional 122,413 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of Copa during the 2nd quarter valued at about $25,000. Janney Montgomery Scott LLC bought a new position in shares of Copa during the 2nd quarter valued at about $248,000. Knights of Columbus Asset Advisors LLC bought a new position in Copa during the second quarter valued at approximately $6,269,000. Finally, Vontobel Holding Ltd. grew its holdings in Copa by 16.6% during the 2nd quarter. Vontobel Holding Ltd. now owns 552,249 shares of the transportation company’s stock valued at $60,731,000 after buying an additional 78,687 shares in the last quarter. 70.09% of the stock is owned by hedge funds and other 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.