UBS Group Cuts Copa (NYSE:CPA) Price Target to $185.00

Copa (NYSE:CPA) had its target price decreased by UBS Group from $190.00 to $185.00 in a research note released on Friday,Benzinga reports. UBS Group currently has a buy rating on the transportation company’s stock.

Several other research firms also recently commented on CPA. Wall Street Zen downgraded shares of Copa from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Morgan Stanley restated an “overweight” rating and issued a $190.00 target price on shares of Copa in a research note on Monday, February 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Copa in a research report on Wednesday, January 21st. Bank of America decreased their price target on shares of Copa from $212.00 to $171.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Finally, Citigroup lowered their price target on Copa from $155.00 to $140.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Copa presently has an average rating of “Moderate Buy” and an average price target of $166.30.

Copa Stock Performance

Shares of Copa stock opened at $111.02 on Friday. The stock’s fifty day moving average is $132.96 and its two-hundred day moving average is $126.15. The company has a market capitalization of $4.57 billion, a PE ratio of 6.82, a price-to-earnings-growth ratio of 0.87 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 52 week low of $82.54 and a 52 week high of $156.41.

Copa (NYSE:CPA) last released its earnings results on Wednesday, February 11th. The transportation company reported $4.46 earnings per share for the quarter, topping the consensus estimate of $4.44 by $0.02. The business had revenue of $962.89 million during the quarter, compared to the consensus estimate of $959.22 million. Copa had a return on equity of 25.62% and a net margin of 18.57%.The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $3.99 earnings per share. As a group, analysts expect that Copa will post 15.48 earnings per share for the current year.

Copa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Copa’s previous quarterly dividend of $1.61. Copa’s dividend payout ratio is presently 42.04%.

Institutional Investors Weigh In On Copa

Institutional investors have recently added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC purchased a new stake in shares of Copa during the fourth quarter valued at about $27,000. Empowered Funds LLC purchased a new position in shares of Copa in the 4th quarter worth approximately $29,000. CWM LLC grew its position in shares of Copa by 408.2% in 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 last quarter. US Bancorp DE raised its stake in shares of Copa by 90.2% during the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after acquiring an additional 120 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Copa by 271.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock worth $31,000 after acquiring an additional 190 shares in 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.