Shares of Copa Holdings, S.A. (NYSE:CPA) have been given an average recommendation of “Buy” by the fifteen analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $111.67.
Several analysts have weighed in on the company. Deutsche Bank upped their target price on Copa from $103.00 to $130.00 and gave the company a “buy” rating in a report on Monday, November 18th. They noted that the move was a valuation call. Zacks Investment Research downgraded Copa from a “buy” rating to a “sell” rating and set a $106.00 price target for the company. in a research note on Wednesday, October 9th. ValuEngine upgraded shares of Copa from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Evercore ISI reissued a “buy” rating on shares of Copa in a research note on Sunday, November 17th.
CPA traded up $1.83 during trading on Wednesday, reaching $105.76. The company’s stock had a trading volume of 7,785 shares, compared to its average volume of 291,781. Copa has a 52-week low of $77.57 and a 52-week high of $116.88. The company’s fifty day moving average price is $104.15 and its 200-day moving average price is $102.83. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 50.58, a price-to-earnings-growth ratio of 0.66 and a beta of 1.37. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 1.04.
Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, November 13th. The transportation company reported $2.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.31 by $0.14. The business had revenue of $708.21 million for the quarter, compared to analyst estimates of $698.59 million. Copa had a return on equity of 15.24% and a net margin of 3.29%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.36 EPS. Equities analysts predict that Copa will post 7.62 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its stake in shares of Copa by 453.2% during the third quarter. Millennium Management LLC now owns 254,845 shares of the transportation company’s stock valued at $25,165,000 after acquiring an additional 208,781 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in Copa in the 2nd quarter valued at about $12,275,000. Clark Capital Management Group Inc. boosted its stake in shares of Copa by 38.4% during the 4th quarter. Clark Capital Management Group Inc. now owns 286,023 shares of the transportation company’s stock worth $30,913,000 after purchasing an additional 79,318 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Copa during the 3rd quarter worth about $5,924,000. Finally, Artemis Investment Management LLP grew its holdings in shares of Copa by 155.4% during the fourth quarter. Artemis Investment Management LLP now owns 78,400 shares of the transportation company’s stock worth $8,468,000 after buying an additional 47,700 shares in the last quarter. 70.09% of the stock is owned by institutional investors.
Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 81 destinations in 33 countries in North, Central, and South America, as well as the Caribbean. As of April 24, 2019, it operated a fleet of 105 aircraft comprising 6 Boeing 737 MAX9s, 82 Boeing 737NGs, and 17 Embraer-190s aircraft.
Featured Story: Bid-Ask Spread
Receive News & Ratings for Copa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copa and related companies with MarketBeat.com's FREE daily email newsletter.