Shares of Copa Holdings, S.A. (NYSE:CPA) hit a new 52-week low on Monday . The company traded as low as $72.10 and last traded at $72.94, with a volume of 6649 shares. The stock had previously closed at $75.57.
A number of analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Copa from a “hold” rating to a “strong sell” rating in a research note on Monday, July 23rd. Raymond James cut shares of Copa from an “outperform” rating to a “market perform” rating in a research note on Monday. Imperial Capital assumed coverage on shares of Copa in a research note on Friday. They issued an “in-line” rating and a $86.00 price objective for the company. Buckingham Research upgraded shares of Copa from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $103.00 to $95.00 in a research note on Wednesday, September 12th. They noted that the move was a valuation call. Finally, Stifel Nicolaus restated a “sell” rating and issued a $70.00 price objective (down from $100.00) on shares of Copa in a research note on Friday, August 10th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $106.80.
The company has a market cap of $3.18 billion, a P/E ratio of 8.45, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.41.
Copa (NYSE:CPA) last released its earnings results on Wednesday, August 8th. The transportation company reported $1.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by ($0.10). The company had revenue of $634.10 million for the quarter, compared to analyst estimates of $659.06 million. Copa had a net margin of 14.58% and a return on equity of 18.08%. Copa’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.48 earnings per share. As a group, equities research analysts expect that Copa Holdings, S.A. will post 7.74 EPS for the current year.
Large investors have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC grew its stake in Copa by 110.4% in the first quarter. Guggenheim Capital LLC now owns 68,575 shares of the transportation company’s stock worth $8,820,000 after purchasing an additional 35,989 shares in the last quarter. Millennium Management LLC grew its stake in Copa by 141.0% in the first quarter. Millennium Management LLC now owns 262,174 shares of the transportation company’s stock worth $33,723,000 after purchasing an additional 153,399 shares in the last quarter. Royal Bank of Canada grew its stake in Copa by 2.5% in the first quarter. Royal Bank of Canada now owns 30,001 shares of the transportation company’s stock worth $3,859,000 after purchasing an additional 739 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Copa in the first quarter worth approximately $1,260,000. Finally, Cerebellum GP LLC grew its stake in Copa by 87.6% in the second quarter. Cerebellum GP LLC now owns 1,769 shares of the transportation company’s stock worth $167,000 after purchasing an additional 826 shares in the last quarter. Hedge funds and other institutional investors own 64.85% of the company’s stock.
About Copa (NYSE:CPA)
Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 75 destinations in 31 countries in North, Central, and South America, as well as the Caribbean. As of April 12, 2018, it operated a fleet of 101 aircraft comprising 81 Boeing 737NG aircraft and 20 EMBRAER-190s aircraft.
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