Copa (NYSE:CPA) Price Target Cut to $171.00 by Analysts at Bank of America

Copa (NYSE:CPA) had its target price cut by Bank of America from $212.00 to $171.00 in a report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

A number of other analysts have also commented on CPA. The Goldman Sachs Group lowered shares of Copa from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $150.00 to $151.00 in a research note on Thursday, February 12th. Citigroup lowered their price objective on shares of Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday. Wall Street Zen downgraded shares of Copa from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Barclays boosted their target price on shares of Copa from $150.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Finally, JPMorgan Chase & Co. lowered their price target on Copa from $170.00 to $165.00 and set an “overweight” rating on the stock in a report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Copa has a consensus rating of “Moderate Buy” and an average target price of $166.44.

Copa Trading Down 5.2%

Copa stock opened at $110.15 on Wednesday. Copa has a one year low of $82.54 and a one year high of $156.41. The business’s fifty day moving average is $135.35 and its 200 day moving average is $126.27. The stock has a market capitalization of $4.53 billion, a PE ratio of 6.77, a price-to-earnings-growth ratio of 0.79 and a beta of 0.89. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.31 and a quick ratio of 1.20.

Copa (NYSE:CPA) last issued its earnings results on Wednesday, February 11th. The transportation company reported $4.18 earnings per share for the quarter, missing analysts’ consensus estimates of $4.44 by ($0.26). The business had revenue of $962.89 million during the quarter, compared to analysts’ expectations of $959.22 million. Copa had a return on equity of 25.62% and a net margin of 18.57%.Copa’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the firm posted $3.99 EPS. On average, sell-side analysts predict that Copa will post 15.48 EPS for the current year.

Copa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a $1.71 dividend. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Copa’s previous quarterly dividend of $1.61. This represents a $6.84 dividend on an annualized basis and a dividend yield of 6.2%. Copa’s payout ratio is 42.04%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CPA. Focus Financial Network Inc. boosted its stake in shares of Copa by 4.9% during the 4th quarter. Focus Financial Network Inc. now owns 2,193 shares of the transportation company’s stock worth $264,000 after acquiring an additional 102 shares during the last quarter. Burney Co. increased its stake in shares of Copa by 1.9% in the 4th quarter. Burney Co. now owns 6,032 shares of the transportation company’s stock worth $728,000 after purchasing an additional 111 shares in the last quarter. MGO One Seven LLC increased its stake in shares of Copa by 3.1% in the 4th quarter. MGO One Seven LLC now owns 3,743 shares of the transportation company’s stock worth $451,000 after purchasing an additional 112 shares in the last quarter. Private Advisor Group LLC raised its holdings in Copa by 5.8% in the 3rd quarter. Private Advisor Group LLC now owns 2,158 shares of the transportation company’s stock worth $256,000 after purchasing an additional 119 shares during the period. Finally, US Bancorp DE lifted its position in Copa by 90.2% during the third quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 120 shares in the last quarter. 70.09% of the stock is currently owned by institutional investors.

About Copa

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.