Zacks Investment Research upgraded shares of Copa (NYSE:CPA) from a hold rating to a buy rating in a research report released on Tuesday. Zacks Investment Research currently has $156.00 price target on the transportation company’s stock.
According to Zacks, “Copa Holdings, through its Copa Airlines and AeroRepublica operating subsidiaries, is a leading Latin American provider of passenger and cargo service. Copa Airlines currently offers daily scheduled flights to destinations in countries like North, Central and South America and the Caribbean. “
Several other research firms also recently commented on CPA. Stifel Nicolaus raised their price objective on Copa from $120.00 to $135.00 and gave the stock a hold rating in a report on Friday, February 23rd. Bank of America began coverage on Copa in a report on Friday, January 12th. They set a buy rating on the stock. Cowen restated a market perform rating and set a $140.00 price objective (up from $137.00) on shares of Copa in a report on Friday, February 23rd. JPMorgan Chase & Co. upgraded Copa from a neutral rating to an overweight rating and set a $155.00 price objective on the stock in a report on Tuesday, November 21st. Finally, Santander upgraded Copa from an underperform rating to a hold rating in a report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. Copa currently has a consensus rating of Hold and a consensus price target of $145.38.
Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, February 21st. The transportation company reported $2.36 EPS for the quarter, topping the consensus estimate of $2.33 by $0.03. The company had revenue of $675.58 million for the quarter, compared to the consensus estimate of $666.96 million. Copa had a return on equity of 18.25% and a net margin of 14.64%. Copa’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the business posted $2.26 EPS. equities analysts predict that Copa will post 10.02 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Monday, March 5th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.55%. The ex-dividend date is Friday, March 2nd. This is a boost from Copa’s previous quarterly dividend of $0.75. Copa’s dividend payout ratio (DPR) is 34.40%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. boosted its position in Copa by 0.3% during the 4th quarter. Franklin Resources Inc. now owns 143,362 shares of the transportation company’s stock valued at $19,219,000 after acquiring an additional 396 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Copa by 60.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,371 shares of the transportation company’s stock valued at $184,000 after acquiring an additional 519 shares in the last quarter. Hosking Partners LLP boosted its position in Copa by 0.6% during the 3rd quarter. Hosking Partners LLP now owns 84,965 shares of the transportation company’s stock valued at $10,581,000 after acquiring an additional 532 shares in the last quarter. Aperio Group LLC boosted its position in Copa by 5.8% during the 4th quarter. Aperio Group LLC now owns 12,657 shares of the transportation company’s stock valued at $1,697,000 after acquiring an additional 699 shares in the last quarter. Finally, Chicago Equity Partners LLC boosted its position in Copa by 0.7% during the 4th quarter. Chicago Equity Partners LLC now owns 107,430 shares of the transportation company’s stock valued at $14,402,000 after acquiring an additional 745 shares in the last quarter. 59.60% of the stock is currently owned by institutional investors and hedge funds.
Copa Holdings, SA is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama.
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