Copa (CPA) Downgraded by JPMorgan Chase & Co.

Copa (NYSE:CPA) was downgraded by JPMorgan Chase & Co. to a “buy” rating in a report issued on Friday. They currently have a $100.00 target price on the transportation company’s stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 22.01% from the stock’s previous close.

A number of other research firms also recently issued reports on CPA. Stifel Nicolaus downgraded shares of Copa from a “hold” rating to a “sell” rating and reduced their price target for the stock from $100.00 to $70.00 in a research report on Thursday, August 9th. Cowen reduced their price target on shares of Copa from $130.00 to $100.00 and set a “market perform” rating on the stock in a research report on Friday, August 10th. Evercore ISI upgraded shares of Copa from an “in-line” rating to an “outperform” rating and set a $100.00 price target on the stock in a research report on Monday, August 13th. Zacks Investment Research upgraded shares of Copa from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 11th. Finally, Buckingham Research upgraded shares of Copa from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $103.00 to $95.00 in a research report on Wednesday, September 12th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $98.50.

Shares of CPA stock opened at $81.96 on Friday. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 9.46, a P/E/G ratio of 1.19 and a beta of 1.58. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 0.41. Copa has a 1-year low of $67.38 and a 1-year high of $141.34.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, November 14th. The transportation company reported $1.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.06). The company had revenue of $672.40 million for the quarter, compared to analyst estimates of $677.93 million. Copa had a return on equity of 15.71% and a net margin of 12.79%. Copa’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.38 earnings per share. Equities analysts forecast that Copa will post 6.96 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. Morgan Stanley lifted its position in Copa by 2.4% in the 3rd quarter. Morgan Stanley now owns 505,069 shares of the transportation company’s stock valued at $40,323,000 after purchasing an additional 11,735 shares during the last quarter. Standard Life Aberdeen plc lifted its position in Copa by 15.7% in the 3rd quarter. Standard Life Aberdeen plc now owns 389,567 shares of the transportation company’s stock valued at $31,104,000 after purchasing an additional 52,959 shares during the last quarter. AQR Capital Management LLC lifted its position in Copa by 76.4% in the 3rd quarter. AQR Capital Management LLC now owns 174,630 shares of the transportation company’s stock valued at $13,942,000 after purchasing an additional 75,644 shares during the last quarter. Mackenzie Financial Corp bought a new stake in Copa in the 3rd quarter valued at about $3,162,000. Finally, Advisors Asset Management Inc. lifted its position in Copa by 5.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 15,254 shares of the transportation company’s stock valued at $1,218,000 after purchasing an additional 752 shares during the last quarter. Hedge funds and other institutional investors own 61.23% of the company’s stock.

Copa Company Profile

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 75 destinations in 31 countries in North, Central, and South America, as well as the Caribbean. As of April 12, 2018, it operated a fleet of 101 aircraft comprising 81 Boeing 737NG aircraft and 20 EMBRAER-190s aircraft.

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Analyst Recommendations for Copa (NYSE:CPA)

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