Santander upgraded shares of Copa (NYSE:CPA) from an underperform rating to a hold rating in a research note released on Monday.

Other analysts have also issued research reports about the stock. Bank of America dropped their price objective on shares of Copa from $167.00 to $154.00 and set a buy rating on the stock in a research note on Tuesday, September 26th. Stifel Nicolaus reiterated a hold rating and set a $120.00 price objective on shares of Copa in a research note on Friday, August 11th. Zacks Investment Research lowered shares of Copa from a buy rating to a hold rating in a research note on Friday, August 11th. BidaskClub lowered shares of Copa from a buy rating to a hold rating in a research note on Thursday, August 24th. Finally, J P Morgan Chase & Co upgraded shares of Copa from a neutral rating to an overweight rating and set a $155.00 price objective on the stock in a research note on Tuesday, November 21st. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Copa presently has an average rating of Buy and a consensus price target of $129.69.

Copa (NYSE CPA) opened at $134.19 on Monday. The firm has a market cap of $6,051.86, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 2.38 and a beta of 1.94. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.97 and a current ratio of 1.05. Copa has a 12-month low of $90.15 and a 12-month high of $138.69.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.24%. Copa’s dividend payout ratio is currently 34.84%.

Several institutional investors and hedge funds have recently bought and sold shares of CPA. Geode Capital Management LLC increased its stake in shares of Copa by 19.7% in the first quarter. Geode Capital Management LLC now owns 55,483 shares of the transportation company’s stock worth $6,227,000 after buying an additional 9,121 shares during the last quarter. Aperio Group LLC increased its stake in shares of Copa by 2.8% in the second quarter. Aperio Group LLC now owns 12,189 shares of the transportation company’s stock worth $1,426,000 after buying an additional 337 shares during the last quarter. US Bancorp DE increased its stake in shares of Copa by 50.4% in the second quarter. US Bancorp DE now owns 2,220 shares of the transportation company’s stock worth $260,000 after buying an additional 744 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Copa by 6.1% in the second quarter. Russell Investments Group Ltd. now owns 75,378 shares of the transportation company’s stock worth $8,825,000 after buying an additional 4,334 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Copa by 360.6% in the second quarter. Sei Investments Co. now owns 94,247 shares of the transportation company’s stock worth $11,026,000 after buying an additional 73,786 shares during the last quarter. Institutional investors own 61.74% 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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