Copa (CPA) Rating Increased to Hold at Santander

Copa (NYSE:CPA) was upgraded by stock analysts at Santander from an “underperform” rating to a “hold” rating in a report released on Monday.

CPA has been the topic of several other reports. Bank of America decreased their price objective on shares of Copa from $167.00 to $154.00 and set a “buy” rating on the stock in a research note on Tuesday, September 26th. Zacks Investment Research raised shares of Copa from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. UBS raised shares of Copa from a “neutral” rating to a “buy” rating in a research note on Thursday, November 9th. Stifel Nicolaus reaffirmed a “hold” rating and set a $120.00 price objective on shares of Copa in a research note on Friday, August 11th. Finally, J P Morgan Chase & Co raised shares of Copa from a “neutral” rating to an “overweight” rating and set a $155.00 price objective on the stock in a research note on Tuesday, November 21st. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $129.69.

Copa (CPA) opened at $135.34 on Monday. Copa has a 52-week low of $90.15 and a 52-week high of $138.69. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.05 and a quick ratio of 0.97. The stock has a market cap of $6,025.03, a PE ratio of 17.48, a P/E/G ratio of 2.37 and a beta of 1.94.

Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, November 8th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.06. Copa had a net margin of 14.88% and a return on equity of 16.81%. The firm had revenue of $657.17 million during the quarter, compared to analyst estimates of $644.36 million. During the same quarter in the prior year, the business posted $1.30 earnings per share. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. analysts expect that Copa will post 8.61 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of CPA. JPMorgan Chase & Co. grew its stake in shares of Copa by 5.1% during the third quarter. JPMorgan Chase & Co. now owns 3,112,359 shares of the transportation company’s stock valued at $381,825,000 after purchasing an additional 150,735 shares during the last quarter. FMR LLC grew its stake in shares of Copa by 16.5% during the second quarter. FMR LLC now owns 2,072,986 shares of the transportation company’s stock valued at $242,538,000 after purchasing an additional 294,090 shares during the last quarter. BlackRock Inc. grew its stake in shares of Copa by 5.1% during the second quarter. BlackRock Inc. now owns 782,269 shares of the transportation company’s stock valued at $91,525,000 after purchasing an additional 37,710 shares during the last quarter. Capital Growth Management LP bought a new stake in shares of Copa during the second quarter valued at approximately $72,435,000. Finally, Bamco Inc. NY grew its stake in shares of Copa by 11.1% during the third quarter. Bamco Inc. NY now owns 569,642 shares of the transportation company’s stock valued at $70,938,000 after purchasing an additional 56,862 shares during the last quarter. 61.74% of the stock is currently owned by hedge funds and other institutional investors.

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Copa 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.

Analyst Recommendations for Copa (NYSE:CPA)

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