Buckingham Research Raises Copa (NYSE:CPA) Price Target to $125.00

Copa (NYSE:CPA) had its price objective increased by Buckingham Research from $119.00 to $125.00 in a research report report published on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the transportation company’s stock.

CPA has been the subject of several other reports. ValuEngine downgraded Copa from a buy rating to a hold rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. raised their price target on Copa from $105.00 to $130.00 and gave the stock an overweight rating in a research report on Wednesday, July 3rd. Citigroup raised Copa from a neutral rating to a buy rating in a research report on Thursday, May 9th. Bank of America raised Copa from a neutral rating to a buy rating in a research report on Monday, May 13th. Finally, TheStreet raised Copa from a c+ rating to a b rating in a research report on Friday, May 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $107.67.

Shares of CPA stock traded down $3.10 during trading hours on Thursday, reaching $108.28. 22,520 shares of the company’s stock were exchanged, compared to its average volume of 337,409. The firm has a market cap of $4.70 billion, a P/E ratio of 16.61, a P/E/G ratio of 0.88 and a beta of 1.28. The business’s 50 day simple moving average is $100.44. Copa has a 1 year low of $67.38 and a 1 year high of $113.62. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.88 and a current ratio of 0.95.



Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, August 7th. The transportation company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.15. Copa had a return on equity of 12.21% and a net margin of 1.59%. The firm had revenue of $645.10 million during the quarter, compared to the consensus estimate of $625.92 million. During the same period last year, the business posted $1.17 EPS. Copa’s quarterly revenue was up 1.7% on a year-over-year basis. Sell-side analysts forecast that Copa will post 7.37 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, August 29th. Copa’s dividend payout ratio (DPR) is 39.88%.

Several hedge funds have recently bought and sold shares of the company. Highland Capital Management LLC boosted its holdings in shares of Copa by 1.4% during the second quarter. Highland Capital Management LLC now owns 8,205 shares of the transportation company’s stock worth $801,000 after purchasing an additional 115 shares during the last quarter. Quad Cities Investment Group LLC boosted its holdings in Copa by 29.6% in the first quarter. Quad Cities Investment Group LLC now owns 875 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 200 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Copa by 0.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 36,219 shares of the transportation company’s stock valued at $3,534,000 after acquiring an additional 254 shares during the last quarter. Investors Research Corp acquired a new position in Copa in the second quarter valued at $29,000. Finally, Commerce Bank boosted its holdings in Copa by 10.0% in the second quarter. Commerce Bank now owns 3,306 shares of the transportation company’s stock valued at $323,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 67.18% of the company’s stock.

Copa Company Profile

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.

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Analyst Recommendations for Copa (NYSE:CPA)

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