Janney Montgomery Scott LLC Has $9.90 Million Position in Copa Holdings, S.A. $CPA

Janney Montgomery Scott LLC grew its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 6.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 87,155 shares of the transportation company’s stock after purchasing an additional 5,004 shares during the period. Janney Montgomery Scott LLC’s holdings in Copa were worth $9,902,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Hilton Head Capital Partners LLC bought a new stake in Copa during the fourth quarter worth about $27,000. Empowered Funds LLC acquired a new position in Copa during the fourth quarter valued at approximately $29,000. US Bancorp DE grew its stake in Copa by 90.2% in 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. Triumph Capital Management bought a new position in Copa in the third quarter valued at approximately $36,000. Finally, Advisory Services Network LLC acquired a new position in shares of Copa during the 3rd quarter worth approximately $50,000. Institutional investors own 70.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group upped their price objective on Copa from $138.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Citigroup decreased their target price on shares of Copa from $155.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. UBS Group boosted their target price on shares of Copa from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. upped their price target on shares of Copa from $165.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Finally, Barclays cut their price target on shares of Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $168.91.

Copa Price Performance

Shares of NYSE CPA opened at $152.86 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.16 and a debt-to-equity ratio of 0.66. The business’s 50 day moving average price is $135.40 and its two-hundred day moving average price is $130.48. The company has a market cap of $6.29 billion, a PE ratio of 8.91, a price-to-earnings-growth ratio of 1.16 and a beta of 1.00. Copa Holdings, S.A. has a twelve month low of $106.56 and a twelve month high of $160.46.

Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, May 13th. The transportation company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.73. Copa had a return on equity of 26.01% and a net margin of 18.76%.The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm posted $4.28 earnings per share. The business’s revenue was up 17.0% on a year-over-year basis. On average, analysts predict that Copa Holdings, S.A. will post 15.96 EPS for the current year.

Copa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $1.71 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $6.84 annualized dividend and a yield of 4.5%. Copa’s dividend payout ratio (DPR) is currently 39.88%.

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.