Copa (NYSE:CPA) Price Target Lowered to $165.00 at JPMorgan Chase & Co.

Copa (NYSE:CPA) had its price target cut by stock analysts at JPMorgan Chase & Co. from $170.00 to $165.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 45.04% from the stock’s current price.

Several other research firms have also recently commented on CPA. The Goldman Sachs Group cut Copa from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $150.00 to $151.00 in a research note on Thursday, February 12th. Wall Street Zen upgraded Copa from a “hold” rating to a “buy” rating in a report on Sunday, February 8th. Evercore reiterated an “outperform” rating and set a $185.00 target price on shares of Copa in a research note on Friday, February 13th. Itau BBA Securities started coverage on shares of Copa in a research report on Sunday, November 30th. They set a “market perform” rating for the company. Finally, Barclays lifted their price target on shares of Copa from $150.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $167.13.

Copa Stock Down 6.9%

NYSE:CPA traded down $8.46 during trading hours on Thursday, hitting $113.76. The stock had a trading volume of 705,963 shares, compared to its average volume of 410,957. The company has a market cap of $4.68 billion, a PE ratio of 7.02, a price-to-earnings-growth ratio of 0.84 and a beta of 0.89. The business has a 50 day simple moving average of $136.64 and a two-hundred day simple moving average of $126.45. Copa has a 1-year low of $82.54 and a 1-year high of $156.41. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 0.65.

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

Institutional Investors Weigh In On Copa

Several institutional investors have recently bought and sold shares of the stock. Hilton Head Capital Partners LLC acquired a new stake in shares of Copa in the 4th quarter worth approximately $27,000. Empowered Funds LLC acquired a new stake in Copa in the fourth quarter worth approximately $29,000. CWM LLC lifted its position in Copa by 408.2% in the third quarter. CWM LLC now owns 249 shares of the transportation company’s stock worth $30,000 after purchasing an additional 200 shares during the period. US Bancorp DE boosted its stake in Copa by 90.2% during the 3rd 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. Finally, Farther Finance Advisors LLC boosted its stake in Copa by 271.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

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.