Copa (NYSE:CPA) Price Target Lowered to $140.00 at Citigroup

Copa (NYSE:CPA) had its price target reduced by Citigroup from $155.00 to $140.00 in a research report report published on Tuesday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Several other equities research analysts have also commented on the stock. Morgan Stanley reissued an “overweight” rating and issued a $190.00 price target on shares of Copa in a report on Monday, February 9th. Itau BBA Securities assumed coverage on Copa in a research report on Sunday, November 30th. They set a “market perform” rating on the stock. Wall Street Zen lowered shares of Copa from a “buy” rating to a “hold” rating in a report on Saturday. Barclays increased their price target on Copa from $150.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Copa in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $165.88.

Copa Stock Performance

CPA opened at $116.17 on Tuesday. The firm’s 50-day moving average price is $135.69 and its 200-day moving average price is $126.38. The company has a market cap of $4.78 billion, a P/E ratio of 7.14, a price-to-earnings-growth ratio of 0.77 and a beta of 0.89. Copa has a 52-week low of $82.54 and a 52-week high of $156.41. 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 (NYSE:CPA) last released its earnings results on Wednesday, February 11th. The transportation company reported $4.18 EPS for the quarter, missing analysts’ consensus estimates of $4.44 by ($0.26). The firm had revenue of $962.89 million for the quarter, compared to analyst estimates of $959.22 million. Copa had a return on equity of 25.62% and a net margin of 18.57%.The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm earned $3.99 EPS. As a group, equities analysts anticipate that Copa will post 15.48 EPS for the current fiscal year.

Copa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a $1.71 dividend. The ex-dividend date was Friday, February 27th. This is a positive change from Copa’s previous quarterly dividend of $1.61. This represents a $6.84 annualized dividend and a yield of 5.9%. Copa’s dividend payout ratio (DPR) is currently 42.04%.

Institutional Investors Weigh In On Copa

Several institutional investors have recently made changes to their positions in CPA. Goldman Sachs Group Inc. increased its holdings in shares of 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 purchasing an additional 122,413 shares in the last quarter. Savant Capital LLC purchased a new stake in Copa during the second quarter worth about $240,000. PNC Financial Services Group Inc. grew its position in Copa by 9.4% during the second quarter. PNC Financial Services Group Inc. now owns 2,964 shares of the transportation company’s stock worth $326,000 after buying an additional 255 shares during the period. SG Americas Securities LLC grew its position in Copa by 152.9% during the second quarter. SG Americas Securities LLC now owns 3,870 shares of the transportation company’s stock worth $426,000 after buying an additional 2,340 shares during the period. Finally, Cetera Investment Advisers increased its holdings in Copa by 138.5% in the second quarter. Cetera Investment Advisers now owns 19,675 shares of the transportation company’s stock valued at $2,164,000 after buying an additional 11,427 shares in 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.