Copa (NYSE:CPA) Price Target Cut to $165.00 by Analysts at Barclays

Copa (NYSE:CPA) had its price objective lowered by equities researchers at Barclays from $185.00 to $165.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Barclays‘s price objective indicates a potential upside of 47.33% from the company’s previous close.

Several other brokerages have also commented on CPA. Evercore reaffirmed an “outperform” rating and issued a $185.00 price target on shares of Copa in a research note on Friday, February 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Copa in a report on Wednesday, January 21st. Itau BBA Securities assumed coverage on shares of Copa in a research note on Sunday, November 30th. They issued a “market perform” rating on the stock. The Goldman Sachs Group downgraded shares of Copa from a “buy” rating to a “neutral” rating and boosted their target price for the company from $150.00 to $151.00 in a research note on Thursday, February 12th. Finally, Bank of America lowered their target price on shares of Copa from $212.00 to $171.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $164.22.

Copa Price Performance

CPA traded down $1.39 during midday trading on Tuesday, reaching $111.99. 39,281 shares of the company’s stock were exchanged, compared to its average volume of 436,619. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 6.88, a price-to-earnings-growth ratio of 0.80 and a beta of 0.89. The company has a quick ratio of 1.20, a current ratio of 1.31 and a debt-to-equity ratio of 0.65. Copa has a one year low of $82.54 and a one year high of $156.41. The business has a 50-day simple moving average of $134.16 and a two-hundred day simple moving average of $126.20.

Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, February 11th. The transportation company reported $4.18 earnings per share for the quarter, missing the consensus estimate of $4.44 by ($0.26). Copa had a net margin of 18.57% and a return on equity of 25.62%. The company had revenue of $962.89 million during the quarter, compared to the consensus estimate of $959.22 million. During the same quarter in the prior year, the company posted $3.99 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, research analysts predict that Copa will post 15.48 EPS for the current year.

Institutional Trading of Copa

Several large investors have recently made changes to their positions in CPA. Hilton Head Capital Partners LLC acquired a new position in Copa during the 4th quarter valued at about $27,000. Empowered Funds LLC bought a new position in shares of Copa in the 4th quarter valued at about $29,000. CWM LLC grew its position in shares of Copa by 408.2% during the 3rd quarter. CWM LLC now owns 249 shares of the transportation company’s stock worth $30,000 after buying an additional 200 shares during the period. US Bancorp DE raised its stake in shares of Copa by 90.2% during the third quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after buying an additional 120 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Copa by 271.4% during the third quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock worth $31,000 after buying an additional 190 shares during the last quarter. Institutional investors own 70.09% of the company’s stock.

About Copa

Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.