A number of other equities analysts have also issued reports on CPA. Bank of America reduced their target price on shares of Copa from $167.00 to $154.00 and set a buy rating on the stock in a research report on Tuesday, September 26th. Zacks Investment Research lowered shares of Copa from a hold rating to a sell rating in a research report on Monday, October 23rd. Santander upgraded shares of Copa from an underperform rating to a hold rating in a research report on Monday, December 4th. JPMorgan Chase & Co. upgraded shares of Copa from a neutral rating to an overweight rating and set a $155.00 target price on the stock in a research report on Tuesday, November 21st. Finally, UBS Group upgraded shares of Copa from a neutral rating to a buy rating in a research report on Thursday, November 9th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $135.86.
Copa (NYSE CPA) traded up $3.30 during trading hours on Tuesday, reaching $141.01. 244,828 shares of the company’s stock were exchanged, compared to its average volume of 214,113. The firm has a market capitalization of $6,157.84, a price-to-earnings ratio of 16.38, a PEG ratio of 2.11 and a beta of 1.94. Copa has a 52-week low of $92.98 and a 52-week high of $141.34. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.97 and a current ratio of 1.05.
Copa (NYSE:CPA) last announced its earnings results on Wednesday, November 8th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $657.17 million for the quarter, compared to analyst estimates of $644.36 million. During the same period in the prior year, the business earned $1.30 earnings per share. Copa’s quarterly revenue was up 15.6% on a year-over-year basis. analysts expect that Copa will post 8.61 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were issued a $0.75 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $3.00 annualized dividend and a yield of 2.13%. Copa’s dividend payout ratio is currently 34.84%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. MUFG Americas Holdings Corp acquired a new position in Copa in the third quarter valued at approximately $227,000. AMP Capital Investors Ltd acquired a new position in Copa in the third quarter valued at approximately $249,000. Fiera Capital Corp acquired a new position in Copa in the second quarter valued at approximately $250,000. Laurion Capital Management LP acquired a new position in Copa in the second quarter valued at approximately $270,000. Finally, Parametrica Management Ltd acquired a new position in Copa in the third quarter valued at approximately $333,000. Institutional investors and hedge funds own 61.40% of the company’s stock.
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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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