Copa (CPA) Upgraded to Buy at Bank of America

Copa (NYSE:CPA) was upgraded by Bank of America from a “neutral” rating to a “buy” rating in a research report issued on Monday, Marketbeat.com reports.

CPA has been the subject of a number of other reports. Bradesco Corretora raised Copa from a “neutral” rating to an “outperform” rating and raised their price target for the company from $90.00 to $125.00 in a report on Wednesday, January 23rd. Zacks Investment Research raised Copa from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a report on Monday, January 28th. Stifel Nicolaus raised Copa from a “sell” rating to a “hold” rating and raised their price target for the company from $70.00 to $90.00 in a report on Friday, February 15th. TheStreet cut Copa from a “b” rating to a “c+” rating in a report on Thursday, February 14th. Finally, UBS Group raised Copa from a “neutral” rating to a “buy” rating in a report on Thursday, January 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $98.75.

CPA stock opened at $90.70 on Monday. Copa has a fifty-two week low of $67.38 and a fifty-two week high of $115.97. The firm has a market cap of $3.98 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 1.76 and a beta of 1.44. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 0.53.



Copa (NYSE:CPA) last released its quarterly earnings results on Wednesday, May 8th. The transportation company reported $2.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.47. Copa had a return on equity of 11.49% and a net margin of 1.56%. The firm had revenue of $672.17 million during the quarter, compared to analysts’ expectations of $670.26 million. During the same period last year, the firm posted $3.22 EPS. The business’s revenue was down 6.0% on a year-over-year basis. As a group, equities research analysts expect that Copa will post 6.7 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in CPA. Advisor Group Inc. boosted its position in Copa by 92.0% in the 1st quarter. Advisor Group Inc. now owns 601 shares of the transportation company’s stock valued at $48,000 after buying an additional 288 shares during the last quarter. Quad Cities Investment Group LLC boosted its position in Copa by 29.6% in the 1st quarter. Quad Cities Investment Group LLC now owns 875 shares of the transportation company’s stock valued at $70,000 after buying an additional 200 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Copa by 86.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the transportation company’s stock valued at $161,000 after buying an additional 950 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Copa by 10.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,208 shares of the transportation company’s stock valued at $177,000 after buying an additional 204 shares during the last quarter. Finally, Baltimore Capital Management Inc. bought a new position in Copa in the 1st quarter valued at $222,000. Hedge funds and other institutional investors own 64.21% of the company’s stock.

About Copa

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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Analyst Recommendations for Copa (NYSE:CPA)

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