Stock analysts at Bank of America started coverage on shares of Copa (NYSE:CPA) in a note issued to investors on Friday, The Fly reports. The brokerage set a “buy” rating on the transportation company’s stock.
A number of other research firms also recently commented on CPA. Zacks Investment Research raised shares of Copa from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research report on Tuesday. UBS Group raised shares of Copa from a “neutral” rating to a “buy” rating in a research report on Thursday, November 9th. JPMorgan Chase & Co. raised shares of Copa from a “neutral” rating to an “overweight” rating and set a $155.00 price objective on the stock in a research report on Tuesday, November 21st. Cowen lifted their price objective on shares of Copa from $120.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, November 10th. Finally, Santander raised shares of Copa from an “underperform” rating to a “hold” rating in a research report on Monday, December 4th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Copa has a consensus rating of “Hold” and an average price target of $135.86.
Copa (CPA) traded up $5.69 during midday trading on Friday, reaching $137.71. 370,600 shares of the company’s stock were exchanged, compared to its average volume of 267,300. The company has a quick ratio of 0.97, a current ratio of 1.05 and a debt-to-equity ratio of 0.45. The stock has a market cap of $5,800.00, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 2.05 and a beta of 1.94. Copa has a 1-year low of $92.57 and a 1-year high of $138.72.
A number of hedge funds and other institutional investors have recently made changes to their positions in CPA. Orbis Allan Gray Ltd acquired a new stake in Copa during the 1st quarter valued at approximately $151,533,000. Sprucegrove Investment Management Ltd. lifted its stake in Copa by 120.8% during the 2nd quarter. Sprucegrove Investment Management Ltd. now owns 1,530,557 shares of the transportation company’s stock valued at $79,987,000 after acquiring an additional 837,400 shares during the period. JPMorgan Chase & Co. lifted its stake in Copa by 33.0% during the 1st quarter. JPMorgan Chase & Co. now owns 2,690,670 shares of the transportation company’s stock valued at $302,027,000 after acquiring an additional 667,209 shares during the period. Capital Growth Management LP acquired a new stake in Copa during the 2nd quarter valued at approximately $72,435,000. Finally, Trinity Street Asset Management LLP acquired a new stake in Copa during the 3rd quarter valued at approximately $42,665,000. Institutional investors and hedge funds own 61.40% of the company’s stock.
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About Copa
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.
