Copa (NYSE:CPA) Price Target Cut to $185.00 by Analysts at UBS Group

Copa (NYSE:CPA) had its price target decreased by equities researchers at UBS Group from $190.00 to $185.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. UBS Group’s price target suggests a potential upside of 63.91% from the company’s current price.

Other research analysts also recently issued reports about the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Copa in a report on Wednesday, January 21st. Wall Street Zen cut shares of Copa from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Itau BBA Securities began coverage on shares of Copa in a report on Sunday, November 30th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. reduced their price target on shares of Copa from $170.00 to $165.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th. Finally, The Goldman Sachs Group downgraded shares of Copa from a “buy” rating to a “neutral” rating and increased their price objective for the company from $150.00 to $151.00 in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $166.30.

Copa Stock Down 0.9%

NYSE CPA traded down $1.07 during trading hours on Friday, reaching $112.87. 59,797 shares of the company’s stock traded hands, compared to its average volume of 430,829. Copa has a 52-week low of $82.54 and a 52-week high of $156.41. The firm has a 50-day simple moving average of $133.37 and a 200 day simple moving average of $126.02. The firm has a market cap of $4.64 billion, a PE ratio of 6.93, a PEG ratio of 0.88 and a beta of 0.89. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.31 and a quick ratio of 1.20.

Copa (NYSE:CPA) last released its earnings results on Wednesday, February 11th. The transportation company reported $4.46 EPS for the quarter, topping the consensus estimate of $4.44 by $0.02. The business had revenue of $962.89 million for the quarter, compared to the consensus estimate of $959.22 million. Copa had a return on equity of 25.62% and a net margin of 18.57%.The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.99 earnings per share. Sell-side analysts anticipate that Copa will post 15.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Copa

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Capital World Investors raised its holdings in Copa by 0.7% in the 4th quarter. Capital World Investors now owns 4,603,671 shares of the transportation company’s stock worth $555,249,000 after purchasing an additional 30,101 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Copa by 2.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,647,779 shares of the transportation company’s stock worth $198,739,000 after buying an additional 44,834 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Copa by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,344,720 shares of the transportation company’s stock worth $162,185,000 after buying an additional 31,699 shares during the period. Captrust Financial Advisors lifted its position in shares of Copa by 1.9% during the 4th quarter. Captrust Financial Advisors now owns 654,830 shares of the transportation company’s stock valued at $78,979,000 after buying an additional 12,053 shares in the last quarter. Finally, Brandes Investment Partners LP grew its stake in shares of Copa by 3.5% during the 4th quarter. Brandes Investment Partners LP now owns 654,255 shares of the transportation company’s stock valued at $78,910,000 after acquiring an additional 22,126 shares during the period. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Copa Company Profile

Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.