Investment analysts at Seaport Global Securities initiated coverage on shares of Copa (NYSE:CPA) in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm set a “neutral” rating on the transportation company’s stock.

Several other research analysts have also recently weighed in on the company. ValuEngine raised Copa from a “hold” rating to a “buy” rating in a research note on Monday, August 3rd. Raymond James downgraded Copa from a “strong-buy” rating to an “outperform” rating and set a $58.00 target price for the company. in a report on Monday, June 22nd. TheStreet downgraded Copa from a “c” rating to a “d” rating in a report on Thursday, August 6th. Bradesco Corretora downgraded Copa from an “outperform” rating to a “neutral” rating and set a $48.00 target price for the company. in a report on Thursday, May 28th. Finally, Wolfe Research raised Copa from a “peer perform” rating to an “outperform” rating and set a $59.00 target price for the company in a report on Friday, May 29th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Copa presently has an average rating of “Buy” and an average target price of $87.08.

NYSE:CPA opened at $61.51 on Tuesday. The business has a fifty day moving average of $50.25 and a 200-day moving average of $49.40. Copa has a 1 year low of $24.00 and a 1 year high of $116.88. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of -12.76 and a beta of 1.37. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.53 and a current ratio of 1.62.

Copa (NYSE:CPA) last announced its earnings results on Wednesday, August 5th. The transportation company reported ($2.70) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.38) by $0.68. Copa had a positive return on equity of 8.34% and a negative net margin of 10.25%. On average, equities research analysts predict that Copa will post -7.48 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Two Sigma Advisers LP increased its holdings in shares of Copa by 17.7% during the 2nd quarter. Two Sigma Advisers LP now owns 167,961 shares of the transportation company’s stock valued at $8,492,000 after acquiring an additional 25,300 shares during the last quarter. Handelsbanken Fonder AB acquired a new position in shares of Copa during the 2nd quarter valued at about $268,000. AQR Capital Management LLC acquired a new position in shares of Copa during the 2nd quarter valued at about $11,666,000. Engineers Gate Manager LP increased its holdings in shares of Copa by 237.0% during the 2nd quarter. Engineers Gate Manager LP now owns 52,305 shares of the transportation company’s stock valued at $2,645,000 after acquiring an additional 36,784 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in shares of Copa by 1.7% during the 2nd quarter. California State Teachers Retirement System now owns 52,989 shares of the transportation company’s stock valued at $2,679,000 after acquiring an additional 880 shares during the last quarter. 74.21% of the stock is currently owned by institutional investors and hedge funds.

About Copa

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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Analyst Recommendations for Copa (NYSE:CPA)

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