Copa (NYSE:CPA) Given New $170.00 Price Target at JPMorgan Chase & Co.

Copa (NYSE:CPA) had its target price raised by JPMorgan Chase & Co. from $165.00 to $170.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

Other analysts have also recently issued reports about the company. Wall Street Zen raised Copa from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Bank of America lowered their price target on Copa from $212.00 to $171.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Citigroup lowered their price target on Copa from $155.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Barclays lowered their price target on Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $190.00 price target on shares of Copa in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Copa currently has a consensus rating of “Buy” and a consensus price target of $167.30.

Copa Stock Performance

Shares of NYSE:CPA opened at $135.93 on Wednesday. The stock has a market capitalization of $5.59 billion, a P/E ratio of 7.93, a P/E/G ratio of 1.06 and a beta of 1.00. Copa has a 1-year low of $99.32 and a 1-year high of $156.41. The company has a current ratio of 1.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average price of $123.19 and a two-hundred day moving average price of $126.57.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, May 13th. The transportation company reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.73. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Copa had a return on equity of 26.01% and a net margin of 18.76%.The company’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the business posted $4.28 EPS. Equities analysts predict that Copa will post 15.74 earnings per share for the current year.

Copa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $1.71 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $6.84 dividend on an annualized basis and a yield of 5.0%. Copa’s dividend payout ratio is 39.88%.

Hedge Funds Weigh In On Copa

Large investors have recently bought and sold shares of the company. Hilton Head Capital Partners LLC acquired a new position in Copa during the 4th quarter worth approximately $27,000. Empowered Funds LLC acquired a new position in Copa during the 4th quarter worth approximately $29,000. US Bancorp DE boosted its position in 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 during the last quarter. SJS Investment Consulting Inc. boosted its position in Copa by 284.2% during the 1st quarter. SJS Investment Consulting Inc. now owns 292 shares of the transportation company’s stock worth $33,000 after acquiring an additional 216 shares during the last quarter. Finally, Triumph Capital Management acquired a new position in Copa during the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 70.09% of the company’s stock.

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.