Stock analysts at Imperial Capital began coverage on shares of Copa (NYSE:CPA) in a note issued to investors on Friday, October 19th, Marketbeat.com reports. The brokerage set an “in-line” rating and a $86.00 price target on the transportation company’s stock. Imperial Capital’s target price would indicate a potential upside of 21.35% from the stock’s current price. Imperial Capital also issued estimates for Copa’s Q3 2018 earnings at $1.59 EPS, Q4 2018 earnings at $1.81 EPS, FY2018 earnings at $7.80 EPS, Q1 2019 earnings at $2.28 EPS, Q2 2019 earnings at $1.39 EPS, Q3 2019 earnings at $1.88 EPS, Q4 2019 earnings at $2.29 EPS and FY2019 earnings at $7.85 EPS.
Other research analysts have also issued reports about the stock. Morgan Stanley set a $99.00 price objective on shares of Copa and gave the company a “buy” rating in a research note on Tuesday, September 18th. HSBC upgraded shares of Copa from a “hold” rating to a “buy” rating in a research note on Friday, June 22nd. Goldman Sachs Group initiated coverage on shares of Copa in a research note on Monday, July 16th. They issued a “buy” rating and a $144.00 price objective on the stock. Buckingham Research upgraded shares of Copa from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $103.00 to $95.00 in a research note on Wednesday, September 12th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Copa from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 11th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Copa currently has an average rating of “Hold” and an average price target of $106.80.
NYSE CPA traded up $0.53 during trading on Friday, reaching $70.87. The company’s stock had a trading volume of 886,955 shares, compared to its average volume of 355,344. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 1.04. The firm has a market cap of $3.08 billion, a PE ratio of 8.18, a P/E/G ratio of 1.01 and a beta of 1.65. Copa has a twelve month low of $67.42 and a twelve month high of $141.34.
Several large investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC boosted its holdings in Copa by 1,234.7% during the third quarter. Steward Partners Investment Advisory LLC now owns 1,308 shares of the transportation company’s stock worth $104,000 after buying an additional 1,210 shares in the last quarter. Cerebellum GP LLC boosted its holdings in Copa by 87.6% during the second quarter. Cerebellum GP LLC now owns 1,769 shares of the transportation company’s stock worth $167,000 after buying an additional 826 shares in the last quarter. Ramsey Quantitative Systems purchased a new stake in Copa during the second quarter worth about $226,000. Hartford Investment Management Co. purchased a new stake in Copa during the second quarter worth about $228,000. Finally, 180 Wealth Advisors LLC purchased a new stake in Copa during the second quarter worth about $230,000. 64.85% of the stock is currently owned by institutional investors and hedge funds.
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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