Copa (NYSE:CPA) Downgraded to Hold Rating by Wall Street Zen

Copa (NYSE:CPA) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

CPA has been the topic of several other reports. Itau BBA Securities initiated coverage on Copa in a report on Sunday, November 30th. They set a “market perform” rating on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Copa in a research note on Wednesday, January 21st. Raymond James Financial set a $164.00 target price on Copa and gave the company a “strong-buy” rating in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. reduced their price target on Copa from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Copa currently has a consensus rating of “Buy” and an average price target of $156.00.

Copa Price Performance

Shares of NYSE CPA opened at $136.49 on Friday. The firm has a 50-day simple moving average of $124.75 and a 200-day simple moving average of $120.80. The company has a quick ratio of 0.95, a current ratio of 1.06 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 1.50 and a beta of 0.92. Copa has a 52 week low of $82.54 and a 52 week high of $138.00.

Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, November 19th. The transportation company reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.17. Copa had a net margin of 18.83% and a return on equity of 26.39%. The firm had revenue of $913.15 million for the quarter, compared to analyst estimates of $917.51 million. Copa’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.50 earnings per share. On average, equities analysts predict that Copa will post 15.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Copa

A number of hedge funds have recently modified their holdings of CPA. Goldman Sachs Group Inc. raised its holdings in Copa by 56.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 340,554 shares of the transportation company’s stock valued at $31,488,000 after buying an additional 122,413 shares during the period. Fifth Third Bancorp acquired a new stake in shares of Copa during the second quarter valued at about $25,000. Janney Montgomery Scott LLC purchased a new stake in shares of Copa in the 2nd quarter valued at approximately $248,000. Knights of Columbus Asset Advisors LLC purchased a new stake in shares of Copa in the 2nd quarter valued at approximately $6,269,000. Finally, Vontobel Holding Ltd. lifted its holdings in shares of Copa by 16.6% in the 2nd quarter. Vontobel Holding Ltd. now owns 552,249 shares of the transportation company’s stock worth $60,731,000 after acquiring an additional 78,687 shares during the last quarter. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Copa Company Profile

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.