Cowen restated their hold rating on shares of Copa (NYSE:CPA) in a research note released on Tuesday morning. The brokerage currently has a $137.00 target price on the transportation company’s stock.

CPA has been the subject of a number of other research reports. JPMorgan Chase & Co. raised Copa from a neutral rating to an overweight rating and set a $155.00 price target for the company in a research report on Tuesday, November 21st. Zacks Investment Research downgraded Copa from a hold rating to a sell rating in a research report on Monday, October 16th. Bank of America reduced their price target on Copa from $167.00 to $154.00 and set a buy rating for the company in a research report on Tuesday, September 26th. Santander raised Copa from an underperform rating to a hold rating in a research report on Monday, December 4th. Finally, UBS Group raised Copa from a neutral rating to a buy rating in a research report on Thursday, November 9th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $135.86.

Copa (NYSE CPA) traded up $3.30 during trading hours on Tuesday, reaching $141.01. The company’s stock had a trading volume of 244,828 shares, compared to its average volume of 214,113. Copa has a 52-week low of $92.98 and a 52-week high of $141.34. The company has a current ratio of 1.05, a quick ratio of 0.97 and a debt-to-equity ratio of 0.45. The firm has a market cap of $6,157.84, a P/E ratio of 16.38, a P/E/G ratio of 2.11 and a beta of 1.94.

Copa (NYSE:CPA) last released its quarterly earnings results on Wednesday, November 8th. The transportation company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.06. Copa had a return on equity of 16.81% and a net margin of 14.88%. The firm had revenue of $657.17 million during the quarter, compared to the consensus estimate of $644.36 million. During the same quarter in the prior year, the firm posted $1.30 EPS. The business’s revenue was up 15.6% on a year-over-year basis. research analysts forecast that Copa will post 8.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Wednesday, November 29th. Copa’s dividend payout ratio is currently 34.84%.

Several institutional investors have recently made changes to their positions in CPA. Capital Growth Management LP bought a new stake in shares of Copa during the 2nd quarter worth approximately $72,435,000. FMR LLC raised its stake in shares of Copa by 16.5% during the 2nd quarter. FMR LLC now owns 2,072,986 shares of the transportation company’s stock worth $242,538,000 after purchasing an additional 294,090 shares in the last quarter. Mckinley Capital Management LLC Delaware bought a new stake in shares of Copa during the 3rd quarter worth approximately $33,502,000. First Trust Advisors LP bought a new stake in shares of Copa during the 3rd quarter worth approximately $27,482,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Copa by 5.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,112,359 shares of the transportation company’s stock worth $381,825,000 after purchasing an additional 150,735 shares in the last quarter. Institutional investors own 61.40% of the company’s stock.

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Copa Company Profile

Copa Holdings, SA is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama.

Analyst Recommendations for Copa (NYSE:CPA)

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