Barclays Cuts Copa (NYSE:CPA) Price Target to $165.00

Copa (NYSE:CPA) had its price target cut by equities researchers at Barclays from $185.00 to $165.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Barclays‘s target price points to a potential upside of 47.33% from the stock’s previous close.

Several other equities analysts have also issued reports on CPA. Citigroup decreased their target price on Copa from $155.00 to $140.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Copa in a research report on Wednesday, January 21st. Wall Street Zen lowered shares of Copa from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Itau BBA Securities started coverage on shares of Copa in a report on Sunday, November 30th. They set a “market perform” rating for the company. Finally, The Goldman Sachs Group downgraded shares of Copa from a “buy” rating to a “neutral” rating and upped their target price for the company from $150.00 to $151.00 in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.22.

Copa Trading Down 1.2%

Shares of NYSE:CPA traded down $1.39 during midday trading on Tuesday, hitting $111.99. The company had a trading volume of 39,281 shares, compared to its average volume of 436,619. 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 has a 12 month low of $82.54 and a 12 month high of $156.41. The firm has a fifty day simple moving average of $134.16 and a 200 day simple moving average of $126.20. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 6.88, a PEG ratio of 0.80 and a beta of 0.89.

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

Hedge Funds Weigh In On Copa

Institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. raised its stake in shares of Copa by 4.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 7,052 shares of the transportation company’s stock valued at $851,000 after purchasing an additional 268 shares during the period. World Investment Advisors acquired a new position in shares of Copa during the fourth quarter worth about $222,000. Corient Private Wealth LLC boosted its position in shares of Copa by 23.6% during the fourth quarter. Corient Private Wealth LLC now owns 6,456 shares of the transportation company’s stock worth $779,000 after buying an additional 1,232 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of Copa by 196.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 450 shares of the transportation company’s stock worth $54,000 after buying an additional 298 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Copa during the fourth quarter worth about $417,000. Institutional investors 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.