Copa (NYSE:CPA) Stock Rating Lowered by Wall Street Zen

Copa (NYSE:CPA) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Other research analysts have also recently issued reports about the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Copa in a research report on Wednesday, January 21st. JPMorgan Chase & Co. cut their target price on shares of Copa from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, December 8th. Raymond James Financial set a $164.00 target price on shares of Copa and gave the company a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Itau BBA Securities started coverage on shares of Copa in a research report on Sunday, November 30th. They set a “market perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $156.00.

Copa Trading Up 2.8%

Shares of Copa stock opened at $136.49 on Friday. The stock has a market cap of $5.62 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 1.50 and a beta of 0.92. The firm has a fifty day moving average price of $124.75 and a 200 day moving average price of $120.80. Copa has a 1 year low of $82.54 and a 1 year high of $138.00. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.06 and a quick ratio of 0.95.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, November 19th. The transportation company reported $4.20 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.17. The company had revenue of $913.15 million for the quarter, compared to the consensus estimate of $917.51 million. Copa had a return on equity of 26.39% and a net margin of 18.83%.The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $3.50 EPS. Equities research analysts predict that Copa will post 15.48 earnings per share for the current year.

Hedge Funds Weigh In On Copa

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Focus Financial Network Inc. raised its position 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 purchasing an additional 102 shares during the last quarter. Burney Co. boosted its holdings in 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 buying an additional 111 shares during the last quarter. Private Advisor Group LLC increased its stake in Copa by 5.8% during the 3rd quarter. Private Advisor Group LLC now owns 2,158 shares of the transportation company’s stock worth $256,000 after buying an additional 119 shares in the last quarter. US Bancorp DE increased its stake in 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, Merit Financial Group LLC raised its holdings in shares of Copa by 7.4% during the fourth quarter. Merit Financial Group LLC now owns 1,879 shares of the transportation company’s stock valued at $227,000 after acquiring an additional 129 shares during the last quarter. 70.09% of the stock is owned by hedge funds and other 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.