Copa (NYSE:CPA) had its price target reduced by Cowen from $130.00 to $100.00 in a research note issued to investors on Friday, Marketbeat reports. They currently have a market perform rating on the transportation company’s stock.

A number of other equities analysts also recently commented on the company. Stifel Nicolaus downgraded Copa from a hold rating to a sell rating and decreased their target price for the company from $100.00 to $70.00 in a research note on Thursday. Zacks Investment Research downgraded Copa from a hold rating to a strong sell rating in a research note on Monday, July 23rd. Goldman Sachs Group assumed coverage on Copa in a research report on Monday, July 16th. They set a buy rating and a $144.00 price objective for the company. Buckingham Research downgraded Copa from a buy rating to a neutral rating and reduced their price objective for the stock from $165.00 to $103.00 in a research report on Wednesday, July 11th. Finally, HSBC upgraded Copa from a hold rating to a buy rating in a research report on Friday, June 22nd. Three analysts have rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Copa has a consensus rating of Hold and a consensus price target of $119.38.

Copa traded down $1.21, reaching $82.84, during midday trading on Friday, Marketbeat reports. The company had a trading volume of 995,779 shares, compared to its average volume of 309,665. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.40. Copa has a fifty-two week low of $81.51 and a fifty-two week high of $141.34. The company has a market cap of $4.14 billion, a P/E ratio of 9.57, a PEG ratio of 0.98 and a beta of 1.76.

Copa (NYSE:CPA) last issued its earnings results on Wednesday, August 8th. The transportation company reported $1.18 EPS for the quarter, missing the Zacks’ consensus estimate of $1.28 by ($0.10). Copa had a net margin of 14.58% and a return on equity of 18.29%. The company had revenue of $634.10 million during the quarter, compared to analyst estimates of $659.06 million. During the same quarter in the previous year, the firm earned $1.48 earnings per share. The business’s revenue was up 10.5% on a year-over-year basis. analysts expect that Copa will post 9.51 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $3.48 annualized dividend and a dividend yield of 4.20%. Copa’s dividend payout ratio is presently 40.18%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Prudential Financial Inc. acquired a new position in shares of Copa during the first quarter worth approximately $5,282,000. Artisan Partners Limited Partnership lifted its position in Copa by 24.9% in the first quarter. Artisan Partners Limited Partnership now owns 192,732 shares of the transportation company’s stock worth $24,791,000 after purchasing an additional 38,444 shares during the period. Riverhead Capital Management LLC lifted its position in Copa by 37.6% in the first quarter. Riverhead Capital Management LLC now owns 58,470 shares of the transportation company’s stock worth $7,521,000 after purchasing an additional 15,980 shares during the period. First Quadrant L P CA lifted its position in Copa by 8.5% in the second quarter. First Quadrant L P CA now owns 239,172 shares of the transportation company’s stock worth $22,630,000 after purchasing an additional 18,652 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in Copa by 3.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 79,689 shares of the transportation company’s stock worth $10,251,000 after purchasing an additional 2,541 shares during the period. Institutional investors and hedge funds own 66.49% of the company’s stock.

About Copa

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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