Copa (NYSE:CPA) Receives “Buy” Rating from Evercore ISI

Copa (NYSE:CPA)‘s stock had its “buy” rating restated by stock analysts at Evercore ISI in a research report issued on Sunday, AnalystRatings.com reports.

A number of other analysts have also issued reports on CPA. Stifel Nicolaus increased their target price on Copa from $95.00 to $100.00 and gave the company a “hold” rating in a report on Friday. UBS Group upgraded Copa from a “neutral” rating to a “buy” rating in a report on Friday, September 27th. Zacks Investment Research lowered Copa from a “buy” rating to a “sell” rating and set a $106.00 target price for the company. in a report on Wednesday, October 9th. ValuEngine lowered Copa from a “sell” rating to a “strong sell” rating in a report on Saturday, September 14th. Finally, Buckingham Research increased their price objective on Copa from $119.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $109.55.

CPA opened at $107.00 on Friday. The firm has a market cap of $4.59 billion, a PE ratio of 16.41, a P/E/G ratio of 0.91 and a beta of 1.30. The company has a quick ratio of 0.87, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. The business has a fifty day simple moving average of $101.92 and a 200-day simple moving average of $98.30. Copa has a fifty-two week low of $68.50 and a fifty-two week high of $116.88.

Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, November 13th. The transportation company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.14. The business had revenue of $708.21 million during the quarter, compared to analyst estimates of $698.59 million. Copa had a return on equity of 15.45% and a net margin of 3.29%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company posted $1.36 EPS. On average, equities research analysts anticipate that Copa will post 7.54 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in CPA. Investors Research Corp acquired a new position in Copa during the second quarter worth $29,000. Point72 Hong Kong Ltd acquired a new position in Copa during the second quarter worth $57,000. Cerebellum GP LLC acquired a new position in Copa during the third quarter worth $126,000. Ladenburg Thalmann Financial Services Inc. increased its position in Copa by 8.0% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,398 shares of the transportation company’s stock worth $132,000 after buying an additional 103 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new position in Copa during the second quarter worth $165,000. Institutional investors and hedge funds own 68.95% 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 81 destinations in 33 countries in North, Central, and South America, as well as the Caribbean. As of April 24, 2019, it operated a fleet of 105 aircraft comprising 6 Boeing 737 MAX9s, 82 Boeing 737NGs, and 17 Embraer-190s aircraft.

See Also: 52-Week High/Low

Analyst Recommendations for Copa (NYSE:CPA)

Receive News & Ratings for Copa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copa and related companies with MarketBeat.com's FREE daily email newsletter.