Copa Holdings, S.A. (NYSE:CPA) Receives $113.00 Consensus Target Price from Analysts

Shares of Copa Holdings, S.A. (NYSE:CPA) have received an average recommendation of “Hold” from the sixteen analysts that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $113.00.

CPA has been the subject of several research analyst reports. Deutsche Bank upped their target price on shares of Copa from $103.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, November 18th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Copa from a “buy” rating to a “sell” rating and set a $106.00 target price for the company. in a research note on Wednesday, October 9th. TheStreet cut shares of Copa from a “b-” rating to a “c+” rating in a research note on Monday, September 30th. Evercore ISI reiterated a “buy” rating on shares of Copa in a research note on Sunday, November 17th. Finally, UBS Group upgraded shares of Copa from a “neutral” rating to a “buy” rating in a research note on Friday, September 27th.

Institutional investors have recently made changes to their positions in the business. Man Group plc increased its holdings in Copa by 465.7% in the 3rd quarter. Man Group plc now owns 39,602 shares of the transportation company’s stock valued at $3,911,000 after buying an additional 32,602 shares during the period. California Public Employees Retirement System grew its holdings in shares of Copa by 48.4% in the 3rd quarter. California Public Employees Retirement System now owns 68,741 shares of the transportation company’s stock worth $6,788,000 after purchasing an additional 22,420 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Copa by 197.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,730 shares of the transportation company’s stock worth $170,000 after purchasing an additional 1,148 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Copa in the 3rd quarter worth about $5,924,000. Finally, Stifel Financial Corp bought a new stake in shares of Copa in the 3rd quarter worth about $1,354,000. 69.82% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:CPA traded up $3.10 during trading hours on Friday, hitting $104.99. 91,172 shares of the company traded hands, compared to its average volume of 236,462. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 16.10, a P/E/G ratio of 0.69 and a beta of 1.31. Copa has a twelve month low of $77.57 and a twelve month high of $116.88. The firm has a 50-day moving average of $105.43 and a 200 day moving average of $102.69. The company has a current ratio of 1.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61.

Copa (NYSE:CPA) last released its earnings results on Wednesday, November 13th. The transportation company reported $2.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.31 by $0.14. The firm had revenue of $708.21 million during the quarter, compared to analysts’ expectations of $698.59 million. Copa had a net margin of 3.29% and a return on equity of 15.24%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.36 EPS. Equities research analysts predict that Copa will post 7.62 earnings per share for the current fiscal year.

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.

Featured Story: Closed-End Mutual Funds

Analyst Recommendations for Copa (NYSE:CPA)

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.