Copa (NYSE:CPA) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Copa (NYSE:CPA – Get Rating) in a research report report published on Thursday morning. The firm issued a buy rating on the transportation company’s stock.

A number of other research firms also recently commented on CPA. Raymond James upped their price objective on Copa from $117.00 to $125.00 and gave the stock a strong-buy rating in a report on Monday, November 21st. Cowen lifted their price objective on Copa from $98.00 to $117.00 in a research note on Friday, February 17th. JPMorgan Chase & Co. upgraded shares of Copa from a neutral rating to an overweight rating and raised their price target for the company from $105.00 to $132.00 in a report on Friday, January 13th. Cowen raised shares of Copa from a market perform rating to an outperform rating and set a $98.00 target price on the stock in a research note on Thursday, December 15th. Finally, Citigroup lifted their target price on shares of Copa from $110.00 to $130.00 and gave the company a buy rating in a report on Monday, November 21st. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Buy and a consensus price target of $112.13.

Copa Stock Down 2.6 %

Shares of NYSE:CPA opened at $85.89 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.86 and a debt-to-equity ratio of 0.95. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 9.94 and a beta of 1.32. The stock’s 50-day moving average price is $91.60 and its two-hundred day moving average price is $82.22. Copa has a 12-month low of $55.25 and a 12-month high of $98.11.

Copa (NYSE:CPA – Get Rating) last released its earnings results on Thursday, February 16th. The transportation company reported $4.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.09 by $0.40. The business had revenue of $890.61 million for the quarter, compared to analysts’ expectations of $887.42 million. Copa had a net margin of 11.74% and a return on equity of 25.25%. The company’s quarterly revenue was up 54.9% on a year-over-year basis. During the same period last year, the company earned $1.98 earnings per share. On average, research analysts forecast that Copa will post 11.55 EPS for the current year.

Hedge Funds Weigh In On Copa

A number of institutional investors have recently added to or reduced their stakes in CPA. Privium Fund Management UK Ltd grew its stake in shares of Copa by 0.6% during the fourth quarter. Privium Fund Management UK Ltd now owns 21,252 shares of the transportation company’s stock valued at $1,767,000 after acquiring an additional 120 shares in the last quarter. Advisor Group Holdings Inc. increased its holdings in Copa by 16.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,083 shares of the transportation company’s stock worth $92,000 after purchasing an additional 151 shares during the last quarter. Treasurer of the State of North Carolina raised its position in shares of Copa by 1.3% in the 4th quarter. Treasurer of the State of North Carolina now owns 12,454 shares of the transportation company’s stock valued at $1,036,000 after purchasing an additional 160 shares in the last quarter. State of Wyoming purchased a new position in shares of Copa during the 4th quarter valued at approximately $32,000. Finally, Captrust Financial Advisors grew its position in shares of Copa by 136.8% during the first quarter. Captrust Financial Advisors now owns 689 shares of the transportation company’s stock worth $58,000 after buying an additional 398 shares in the last quarter. Institutional investors and hedge funds own 75.96% of the company’s stock.

Copa Company Profile

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Copa Holdings SA engages in the provision of air transportation. It operates through the following geographical segments: North America; South America; Central America; and Caribbean. The firm offers international flights to Costa Rica, Jamaica, Colombia, and other cities. The company was founded on May 6, 1998 and is headquartered in Panama.