Copa (NYSE:CPA) Upgraded at Evercore ISI
Evercore ISI upgraded shares of Copa (NYSE:CPA) from an in-line rating to an outperform rating in a research note released on Tuesday, BenzingaRatingsTable reports. They currently have $115.00 target price on the transportation company’s stock, up from their prior target price of $110.00.
Other analysts have also issued research reports about the stock. Cowen reiterated a market perform rating and set a $93.00 price objective (up previously from $85.00) on shares of Copa in a research note on Friday, May 10th. Raymond James upgraded shares of Copa from a market perform rating to an outperform rating and set a $127.00 price objective on the stock in a research note on Friday, August 9th. ValuEngine lowered shares of Copa from a buy rating to a hold rating in a research note on Thursday, August 1st. Buckingham Research lifted their price objective on shares of Copa from $119.00 to $125.00 and gave the company a buy rating in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Copa from $105.00 to $130.00 and gave the company an overweight rating in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Copa has an average rating of Buy and a consensus target price of $108.50.
Shares of CPA stock opened at $102.17 on Tuesday. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 0.81 and a beta of 1.28. The company has a quick ratio of 0.87, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. Copa has a fifty-two week low of $67.38 and a fifty-two week high of $113.62. The firm’s 50 day moving average price is $102.59 and its two-hundred day moving average price is $92.07.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a $0.65 dividend. The ex-dividend date is Thursday, August 29th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.54%. Copa’s dividend payout ratio (DPR) is presently 39.88%.
Several large investors have recently modified their holdings of CPA. Atria Investments LLC bought a new stake in Copa during the second quarter valued at $253,000. Royal Bank of Canada increased its stake in Copa by 4.8% during the second quarter. Royal Bank of Canada now owns 99,079 shares of the transportation company’s stock valued at $9,666,000 after purchasing an additional 4,499 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of Copa by 262.0% during the second quarter. Verition Fund Management LLC now owns 108,595 shares of the transportation company’s stock valued at $10,596,000 after acquiring an additional 78,595 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Copa by 8.0% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,398 shares of the transportation company’s stock valued at $132,000 after acquiring an additional 103 shares during the period. Finally, United Services Automobile Association boosted its holdings in shares of Copa by 299.1% during the second quarter. United Services Automobile Association now owns 26,908 shares of the transportation company’s stock valued at $2,625,000 after acquiring an additional 20,165 shares during the period. Institutional investors and hedge funds own 70.52% of the company’s stock.
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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