Copa (NYSE:CPA) Price Target Cut to $165.00 by Analysts at Barclays

Copa (NYSE:CPA) had its price target decreased by Barclays from $185.00 to $165.00 in a research note released on Tuesday morning,Benzinga reports. Barclays currently has an overweight rating on the transportation company’s stock.

A number of other research firms also recently weighed in on CPA. Itau BBA Securities assumed coverage on shares of Copa in a report on Sunday, November 30th. They set a “market perform” rating on the stock. Wall Street Zen cut shares of Copa from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. The Goldman Sachs Group downgraded shares of Copa from a “buy” rating to a “neutral” rating and increased their target price for the stock from $150.00 to $151.00 in a research report on Thursday, February 12th. Morgan Stanley restated an “overweight” rating and set a $190.00 target price on shares of Copa in a report on Monday, February 9th. Finally, JPMorgan Chase & Co. reduced their price target on Copa from $170.00 to $165.00 and set an “overweight” rating for the company in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Copa currently has an average rating of “Moderate Buy” and an average target price of $164.22.

Copa Trading Up 0.8%

Shares of NYSE CPA opened at $114.30 on Tuesday. The business has a 50 day simple moving average of $133.85 and a 200 day simple moving average of $126.18. Copa has a 52 week low of $82.54 and a 52 week high of $156.41. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 7.02, a PEG ratio of 0.83 and a beta of 0.89. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.20 and a current ratio of 1.31.

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

Copa Increases Dividend

The business also recently declared 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 represents a $6.84 annualized dividend and a yield of 6.0%. This is a positive change from Copa’s previous quarterly dividend of $1.61. Copa’s dividend payout ratio (DPR) is 42.04%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CPA. Capital World Investors lifted its stake in shares of Copa by 0.7% in the fourth quarter. Capital World Investors now owns 4,603,671 shares of the transportation company’s stock valued at $555,249,000 after buying an additional 30,101 shares during the period. JPMorgan Chase & Co. increased its stake in Copa by 2.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,647,779 shares of the transportation company’s stock valued at $198,739,000 after acquiring an additional 44,834 shares during the period. Dimensional Fund Advisors LP raised its holdings in Copa by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,344,720 shares of the transportation company’s stock valued at $162,185,000 after acquiring an additional 31,699 shares in the last quarter. Captrust Financial Advisors raised its holdings in Copa by 1.9% in the 4th quarter. Captrust Financial Advisors now owns 654,830 shares of the transportation company’s stock valued at $78,979,000 after acquiring an additional 12,053 shares in the last quarter. Finally, Brandes Investment Partners LP lifted its position in shares of Copa by 3.5% in the 4th quarter. Brandes Investment Partners LP now owns 654,255 shares of the transportation company’s stock worth $78,910,000 after acquiring an additional 22,126 shares during the period. Institutional investors and hedge funds own 70.09% of the company’s stock.

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.