Copa (NYSE:CPA)‘s stock had its “underperform” rating reaffirmed by investment analysts at Imperial Capital in a research note issued to investors on Wednesday, Marketbeat reports. They presently have a $77.00 target price on the transportation company’s stock, up from their prior target price of $68.00. Imperial Capital’s target price would suggest a potential downside of 13.80% from the company’s current price. Imperial Capital also issued estimates for Copa’s FY2020 earnings at $7.30 EPS.
CPA has been the topic of several other reports. Bradesco Corretora upgraded shares of Copa from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $90.00 to $125.00 in a report on Wednesday, January 23rd. JPMorgan Chase & Co. lowered shares of Copa to a “buy” rating and set a $100.00 target price on the stock. in a report on Friday, November 23rd. Zacks Investment Research upgraded shares of Copa from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a report on Monday, January 28th. Citigroup lowered shares of Copa from a “buy” rating to a “neutral” rating in a report on Thursday, November 15th. Finally, Bank of America downgraded shares of Copa from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. Copa presently has a consensus rating of “Buy” and an average target price of $98.08.
CPA opened at $89.33 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 1.24 and a beta of 1.50. Copa has a twelve month low of $67.38 and a twelve month high of $140.99.
Copa (NYSE:CPA) last posted its earnings results on Wednesday, February 13th. The transportation company reported $1.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.02). The firm had revenue of $656.06 million during the quarter, compared to analyst estimates of $660.29 million. Copa had a return on equity of 13.56% and a net margin of 3.29%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the business posted $2.36 earnings per share. Research analysts predict that Copa will post 7.11 earnings per share for the current year.
Hedge funds have recently modified their holdings of the company. Baillie Gifford & Co. grew its position in Copa by 1.1% in the fourth quarter. Baillie Gifford & Co. now owns 3,198,998 shares of the transportation company’s stock valued at $251,793,000 after purchasing an additional 33,479 shares in the last quarter. BlackRock Inc. grew its position in Copa by 101.1% in the fourth quarter. BlackRock Inc. now owns 1,500,956 shares of the transportation company’s stock valued at $118,141,000 after purchasing an additional 754,505 shares in the last quarter. Sprucegrove Investment Management Ltd. grew its position in Copa by 26.0% in the fourth quarter. Sprucegrove Investment Management Ltd. now owns 1,058,757 shares of the transportation company’s stock valued at $83,335,000 after purchasing an additional 218,300 shares in the last quarter. Fairpointe Capital LLC grew its position in Copa by 14.9% in the third quarter. Fairpointe Capital LLC now owns 1,057,421 shares of the transportation company’s stock valued at $84,425,000 after purchasing an additional 136,813 shares in the last quarter. Finally, INCA Investments LLC grew its position in Copa by 31.0% in the fourth quarter. INCA Investments LLC now owns 938,100 shares of the transportation company’s stock valued at $73,838,000 after purchasing an additional 222,067 shares in the last quarter. 61.84% of the stock is owned by institutional investors.
Copa Company Profile
Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 75 destinations in 31 countries in North, Central, and South America, as well as the Caribbean. As of April 12, 2018, it operated a fleet of 101 aircraft comprising 81 Boeing 737NG aircraft and 20 EMBRAER-190s aircraft.
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