Copa Holdings, S.A. (NYSE:CPA) had its price objective raised by Cowen and Company from $120.00 to $130.00 in a research report report published on Friday. The brokerage currently has a market perform rating on the transportation company’s stock.
Other research analysts have also issued reports about the company. UBS AG raised Copa Holdings, from a neutral rating to a buy rating in a research report on Thursday. BidaskClub lowered Copa Holdings, from a strong-buy rating to a buy rating in a research report on Friday, July 28th. Deutsche Bank AG reissued a buy rating and set a $137.00 price target (up from $134.00) on shares of Copa Holdings, in a research report on Tuesday, July 18th. Bank of America Corporation upped their price target on Copa Holdings, from $140.00 to $150.00 and gave the company a buy rating in a research report on Thursday, August 10th. Finally, Stifel Nicolaus reissued a hold rating and set a $120.00 price target on shares of Copa Holdings, in a research report on Friday, August 11th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $122.81.
Shares of Copa Holdings, (CPA) traded down $1.33 during midday trading on Friday, hitting $122.99. The stock had a trading volume of 397,500 shares, compared to its average volume of 311,557. Copa Holdings, has a twelve month low of $83.34 and a twelve month high of $134.25. The stock has a market capitalization of $5,236.73, a P/E ratio of 16.13, a price-to-earnings-growth ratio of 2.28 and a beta of 1.91. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.15 and a current ratio of 1.24.
Copa Holdings, (NYSE:CPA) last announced its earnings results on Wednesday, November 8th. The transportation company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.32 by $0.06. Copa Holdings, had a return on equity of 17.09% and a net margin of 14.88%. The business had revenue of $657.17 million during the quarter, compared to the consensus estimate of $644.36 million. During the same period in the prior year, the business posted $1.30 earnings per share. Copa Holdings,’s revenue was up 15.6% compared to the same quarter last year. research analysts anticipate that Copa Holdings, will post 8.27 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a $0.75 dividend. 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%.
A number of hedge funds have recently modified their holdings of the business. Cadence Capital Management LLC acquired a new position in Copa Holdings, in the 3rd quarter worth about $1,747,000. Schroder Investment Management Group increased its position in Copa Holdings, by 214.1% in the 3rd quarter. Schroder Investment Management Group now owns 86,700 shares of the transportation company’s stock worth $10,636,000 after purchasing an additional 59,100 shares during the last quarter. JPMorgan Chase & Co. increased its position in Copa Holdings, by 5.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,112,359 shares of the transportation company’s stock worth $381,825,000 after purchasing an additional 150,735 shares during the last quarter. Legal & General Group Plc increased its position in Copa Holdings, by 21.1% in the 3rd quarter. Legal & General Group Plc now owns 10,621 shares of the transportation company’s stock worth $1,323,000 after purchasing an additional 1,853 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in Copa Holdings, in the 3rd quarter worth about $2,104,000. 64.84% of the stock is currently owned by institutional investors.
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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