Buckingham Research upgraded shares of Copa (NYSE:CPA) from a neutral rating to a buy rating in a research note published on Wednesday, Marketbeat.com reports. Buckingham Research currently has $95.00 price objective on the transportation company’s stock, down from their previous price objective of $103.00. The analysts noted that the move was a valuation call.

Several other brokerages also recently issued reports on CPA. UBS Group raised shares of Copa from a sell rating to a buy rating and set a $68.00 price objective for the company in a research note on Thursday, May 24th. ValuEngine lowered shares of Copa from a hold rating to a sell rating in a research report on Friday, June 1st. Stifel Nicolaus reaffirmed a sell rating and set a $70.00 target price (down from $100.00) on shares of Copa in a research report on Friday, August 10th. HSBC raised shares of Copa from a hold rating to a buy rating in a research report on Friday, June 22nd. Finally, Evercore ISI raised shares of Copa from an in-line rating to an outperform rating and set a $100.00 target price on the stock in a research report on Monday, August 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $116.33.

Shares of NYSE CPA opened at $77.95 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 0.97 and a beta of 1.67. Copa has a 1 year low of $74.77 and a 1 year high of $141.34.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, August 8th. The transportation company reported $1.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by ($0.10). The firm had revenue of $634.10 million during the quarter, compared to the consensus estimate of $659.06 million. Copa had a return on equity of 18.08% and a net margin of 14.58%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.48 EPS. sell-side analysts predict that Copa will post 8.48 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend was Thursday, August 30th. Copa’s dividend payout ratio (DPR) is presently 40.18%.

Several large investors have recently modified their holdings of the company. Royal Bank of Canada increased its position in shares of Copa by 2.5% during the first quarter. Royal Bank of Canada now owns 30,001 shares of the transportation company’s stock worth $3,859,000 after acquiring an additional 739 shares during the period. Cerebellum GP LLC increased 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 valued at $167,000 after buying an additional 826 shares during the period. Clinton Group Inc. increased its holdings in Copa by 14.9% during the second quarter. Clinton Group Inc. now owns 6,581 shares of the transportation company’s stock valued at $623,000 after buying an additional 854 shares during the period. Hsbc Holdings PLC increased its holdings in Copa by 1.8% during the first quarter. Hsbc Holdings PLC now owns 47,739 shares of the transportation company’s stock valued at $6,141,000 after buying an additional 858 shares during the period. Finally, Baltimore Capital Management Inc. increased its holdings in Copa by 33.3% during the first quarter. Baltimore Capital Management Inc. now owns 3,800 shares of the transportation company’s stock valued at $489,000 after buying an additional 950 shares during the period. 64.39% 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 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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