UBS Group Issues Pessimistic Forecast for Copa (NYSE:CPA) Stock Price

Copa (NYSE:CPA) had its price objective dropped by UBS Group from $190.00 to $185.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. UBS Group’s target price indicates a potential upside of 66.64% from the company’s previous close.

Several other equities analysts have also commented on CPA. Morgan Stanley restated an “overweight” rating and set a $190.00 price target on shares of Copa in a research report on Monday, February 9th. Itau BBA Securities began coverage on shares of Copa in a research report on Sunday, November 30th. They issued a “market perform” rating on the stock. Bank of America reduced their target price on shares of Copa from $212.00 to $171.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Weiss Ratings restated a “buy (b)” rating on shares of Copa in a research report on Wednesday, January 21st. Finally, Citigroup dropped their price target on shares of Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $166.30.

Copa Trading Down 2.6%

NYSE:CPA opened at $111.02 on Friday. The firm has a market capitalization of $4.57 billion, a P/E ratio of 6.82, a P/E/G ratio of 0.85 and a beta of 0.89. The business has a 50 day simple moving average of $132.96 and a 200 day simple moving average of $126.07. 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 has a 12-month low of $82.54 and a 12-month high of $156.41.

Copa (NYSE:CPA) last issued its earnings results on Wednesday, February 11th. The transportation company reported $4.46 earnings per share for the quarter, topping the consensus estimate of $4.44 by $0.02. 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 firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the company earned $3.99 earnings per share. Equities research analysts predict that Copa will post 15.48 EPS for the current year.

Institutional Investors Weigh In On Copa

A number of hedge funds and other institutional investors have recently modified their holdings of CPA. Hilton Head Capital Partners LLC acquired a new stake in Copa in the fourth quarter worth about $27,000. Empowered Funds LLC acquired a new position in Copa during the 4th quarter valued at about $29,000. CWM LLC raised its position in shares of Copa by 408.2% during the 3rd quarter. CWM LLC now owns 249 shares of the transportation company’s stock worth $30,000 after buying an additional 200 shares in the last quarter. US Bancorp DE raised its position in shares of 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 buying an additional 120 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Copa by 271.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock worth $31,000 after acquiring an additional 190 shares during the period. 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.