UBS Group Lowers Copa (NYSE:CPA) Price Target to $185.00

Copa (NYSE:CPA) had its price target reduced by analysts at UBS Group from $195.00 to $185.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. UBS Group’s price target suggests a potential upside of 37.01% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Jefferies Financial Group began coverage on shares of Copa in a report on Thursday, June 18th. They set a “buy” rating and a $185.00 price target for the company. JPMorgan Chase & Co. increased their price target on Copa from $165.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Wall Street Zen raised Copa from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Evercore restated an “outperform” rating and issued a $175.00 price target on shares of Copa in a research note on Friday, May 15th. Finally, The Goldman Sachs Group upped their price objective on Copa from $138.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $173.20.

Copa Trading Down 1.2%

Shares of NYSE CPA traded down $1.67 during midday trading on Tuesday, reaching $135.03. 239,438 shares of the stock were exchanged, compared to its average volume of 404,197. The stock has a 50 day moving average price of $144.44 and a 200-day moving average price of $134.07. The company has a current ratio of 1.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $5.55 billion, a P/E ratio of 8.88, a P/E/G ratio of 1.20 and a beta of 1.01. Copa has a 52-week low of $107.44 and a 52-week high of $160.46.

Copa (NYSE:CPA) last issued its earnings results on Saturday, August 8th. The transportation company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.21). Copa had a return on equity of 22.60% and a net margin of 15.71%.The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the business posted $3.61 earnings per share. The company’s quarterly revenue was up 25.7% compared to the same quarter last year. Equities research analysts expect that Copa will post 16.68 earnings per share for the current fiscal year.

Institutional Trading of Copa

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hilton Head Capital Partners LLC boosted its holdings in Copa by 44.0% during the first quarter. Hilton Head Capital Partners LLC now owns 324 shares of the transportation company’s stock worth $37,000 after buying an additional 99 shares in the last quarter. Burney Co. lifted its holdings in shares of Copa by 1.9% during the fourth quarter. Burney Co. now owns 6,032 shares of the transportation company’s stock valued at $728,000 after purchasing an additional 111 shares during the last quarter. MGO One Seven LLC boosted its position 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 valued at $451,000 after purchasing an additional 112 shares during the period. Elevation Wealth Partners LLC increased its stake in Copa by 240.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 167 shares of the transportation company’s stock worth $26,000 after purchasing an additional 118 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings 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 during the period. 70.09% of the stock is owned by institutional investors and hedge funds.

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.