Copa (NYSE:CPA) Stock Price Up 7.3% – Still a Buy?

Copa Holdings, S.A. (NYSE:CPA) rose 7.3% during mid-day trading on Monday. The stock traded as high as $137.00 and last traded at $138.3220. 20,538 shares changed hands during trading, a decline of 95% from the average daily volume of 374,462 shares. The stock had previously closed at $128.92.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CPA. UBS Group decreased their price objective on shares of Copa from $195.00 to $185.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Raymond James Financial dropped their target price on shares of Copa from $195.00 to $185.00 and set a “strong-buy” rating for the company in a research note on Monday, August 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Copa in a research report on Tuesday, August 11th. Finally, Wall Street Zen cut shares of Copa from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $172.20.

Copa Stock Down 0.8%

The firm’s 50 day moving average price is $132.00 and its 200-day moving average price is $133.27. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. The company has a market cap of $5.61 billion, a P/E ratio of 8.96, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14.

Copa (NYSE:CPA) last posted its quarterly earnings results on Saturday, August 8th. The transportation company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.21). Copa had a return on equity of 22.40% and a net margin of 15.71%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the firm earned $3.61 earnings per share. The company’s quarterly revenue was up 25.7% on a year-over-year basis. As a group, equities research analysts expect that Copa Holdings, S.A. will post 14.78 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Cullen Capital Management LLC acquired a new stake in Copa in the second quarter worth $88,871,000. INCA Investments LLC bought a new position in shares of Copa during the first quarter worth $26,950,000. Globeflex Capital L P acquired a new position in shares of Copa in the 2nd quarter valued at $13,579,000. Quantinno Capital Management LP grew its holdings in shares of Copa by 94.7% in the 1st quarter. Quantinno Capital Management LP now owns 143,618 shares of the transportation company’s stock valued at $16,316,000 after buying an additional 69,838 shares during the period. Finally, Artemis Investment Management LLP grew its holdings in shares of Copa by 64.9% in the 3rd quarter. Artemis Investment Management LLP now owns 159,559 shares of the transportation company’s stock valued at $21,038,000 after buying an additional 62,789 shares during the period. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Company Profile

Copa Holdings, SA is a Panama-based airline holding company whose principal subsidiary is Compañía Panameña de Aviación, SA, known as Copa Airlines. The company provides scheduled passenger air transportation, with Tocumen International Airport in Panama City serving as its primary hub.

Copa Airlines operates a network connecting Panama with destinations across North, Central and South America and the Caribbean. Its services support both business and leisure travel, with connecting traffic routed through Panama’s geographic position as a regional aviation hub.

Copa Holdings also has an interest in Wingo, a low-cost airline serving Colombia and other markets in the Americas.