JPMorgan Chase & Co. Has Lowered Expectations for Copa (NYSE:CPA) Stock Price

Copa (NYSE:CPA) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from $170.00 to $165.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 45.04% from the company’s current price.

Several other research analysts have also recently issued reports on the company. The Goldman Sachs Group cut Copa from a “buy” rating to a “neutral” rating and upped their price target for the company from $150.00 to $151.00 in a report on Thursday, February 12th. Evercore restated an “outperform” rating and issued a $185.00 target price on shares of Copa in a report on Friday, February 13th. Itau BBA Securities began coverage on Copa in a report on Sunday, November 30th. They set a “market perform” rating for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Copa in a research report on Wednesday, January 21st. Finally, Wall Street Zen raised Copa from a “hold” rating to a “buy” rating in a research note on Sunday, February 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Copa currently has an average rating of “Moderate Buy” and a consensus target price of $167.13.

Copa Price Performance

Copa stock traded down $8.46 during midday trading on Thursday, hitting $113.76. The company’s stock had a trading volume of 705,963 shares, compared to its average volume of 410,957. Copa has a 12 month low of $82.54 and a 12 month high of $156.41. The company has a quick ratio of 1.20, a current ratio of 1.31 and a debt-to-equity ratio of 0.65. The stock’s 50-day moving average price is $136.64 and its 200-day moving average price is $126.45. The company has a market capitalization of $4.68 billion, a PE ratio of 7.02, a price-to-earnings-growth ratio of 0.84 and a beta of 0.89.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, February 11th. The transportation company reported $4.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.44 by ($0.26). Copa had a return on equity of 25.62% and a net margin of 18.57%.The business had revenue of $962.89 million during the quarter, compared to analyst estimates of $959.22 million. During the same period in the prior year, the firm earned $3.99 EPS. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts anticipate that Copa will post 15.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Copa

A number of large investors have recently made changes to their positions in CPA. Focus Financial Network Inc. boosted its holdings in shares of Copa by 4.9% during the fourth quarter. Focus Financial Network Inc. now owns 2,193 shares of the transportation company’s stock worth $264,000 after purchasing an additional 102 shares during the period. Burney Co. lifted its position in Copa by 1.9% in the 4th quarter. Burney Co. now owns 6,032 shares of the transportation company’s stock worth $728,000 after buying an additional 111 shares in the last quarter. MGO One Seven LLC grew its holdings in shares of Copa by 3.1% during the 4th quarter. MGO One Seven LLC now owns 3,743 shares of the transportation company’s stock valued at $451,000 after acquiring an additional 112 shares in the last quarter. Private Advisor Group LLC grew its stake in Copa by 5.8% in the third quarter. Private Advisor Group LLC now owns 2,158 shares of the transportation company’s stock valued at $256,000 after purchasing an additional 119 shares in the last quarter. Finally, US Bancorp DE increased its holdings in Copa by 90.2% in the third quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after buying an additional 120 shares during the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

About Copa

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.