Copa (NYSE:CPA) Price Target Raised to $131.00 at Buckingham Research

Copa (NYSE:CPA) had its price target lifted by Buckingham Research from $125.00 to $131.00 in a research report sent to investors on Thursday, The Fly reports. Buckingham Research currently has a buy rating on the transportation company’s stock. The analysts noted that the move was a valuation call.

A number of other brokerages have also issued reports on CPA. Evercore ISI reissued a buy rating on shares of Copa in a report on Sunday, November 17th. ValuEngine raised shares of Copa from a sell rating to a hold rating in a report on Tuesday, January 28th. Finally, Deutsche Bank raised their price target on shares of Copa from $103.00 to $130.00 and gave the stock a buy rating in a report on Monday, November 18th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. Copa presently has a consensus rating of Buy and an average target price of $117.00.

NYSE:CPA traded up $0.73 during trading hours on Thursday, reaching $110.01. The company’s stock had a trading volume of 448,175 shares, compared to its average volume of 319,432. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 52.64, a PEG ratio of 0.71 and a beta of 1.37. The firm has a 50-day simple moving average of $103.81 and a 200-day simple moving average of $102.99. Copa has a 1 year low of $77.57 and a 1 year high of $116.88. 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, February 12th. The transportation company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.19. The business had revenue of $681.90 million for the quarter, compared to analyst estimates of $675.10 million. Copa had a net margin of 3.29% and a return on equity of 15.24%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 EPS. Equities analysts anticipate that Copa will post 7.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 28th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, February 27th. This is a positive change from Copa’s previous quarterly dividend of $0.65. Copa’s dividend payout ratio (DPR) is 39.88%.

A number of institutional investors have recently made changes to their positions in CPA. CWM LLC boosted its stake in shares of Copa by 558.5% during the 4th quarter. CWM LLC now owns 270 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 229 shares in the last quarter. Capital Wealth Alliance LLC bought a new stake in shares of Copa during the 4th quarter valued at about $29,000. Nkcfo LLC bought a new stake in shares of Copa during the 4th quarter valued at about $32,000. Advisor Group Inc. boosted its stake in shares of Copa by 19.1% during the 4th quarter. Advisor Group Inc. now owns 1,067 shares of the transportation company’s stock valued at $115,000 after purchasing an additional 171 shares in the last quarter. Finally, Cerebellum GP LLC bought a new stake in shares of Copa during the 3rd quarter valued at about $126,000. 70.09% of the stock is currently owned by institutional investors and hedge funds.

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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