Copa (NYSE:CPA) Price Target Cut to $185.00 by Analysts at UBS Group

Key Points

• UBS Group lowered Copa’s price target from $195 to $185 while maintaining a “buy” rating, implying approximately 37% upside from the stock’s $135.03 price.
• Analyst sentiment remains positive: Copa has an average “Buy” rating and a consensus price target of $173.20, with ratings including one Strong Buy, ten Buys, and one Hold.
• Copa’s latest quarterly results fell short of expectations, with EPS of $1.67 versus the $1.88 consensus and revenue of $1.06 billion versus $1.08 billion expected, despite 25.7% year-over-year revenue growth.

Copa (NYSE:CPA - Get Free Report) had its price objective lowered by analysts at UBS Group from $195.00 to $185.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the transportation company's stock. UBS Group's target price would indicate a potential upside of 37.01% from the company's current price.

Several other brokerages also recently commented on CPA. Evercore reissued an "outperform" rating and issued a $175.00 target price on shares of Copa in a report on Friday, May 15th. Jefferies Financial Group started coverage on shares of Copa in a research report on Thursday, June 18th. They issued a "buy" rating and a $185.00 price target on the stock. JPMorgan Chase & Co. increased their price objective 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. Wall Street Zen upgraded shares of Copa from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. Finally, The Goldman Sachs Group lifted their price target on shares of Copa from $138.00 to $156.00 and gave the stock a "buy" rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $173.20.

Copa Trading Down 1.2%

Shares of NYSE CPA traded down $1.67 during midday trading on Tuesday, reaching $135.03. The company had a trading volume of 239,438 shares, compared to its average volume of 404,197. The stock has a market cap of $5.55 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 1.20 and a beta of 1.01. Copa has a one year low of $107.44 and a one year high of $160.46. 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 firm's fifty day moving average price is $144.44 and its 200-day moving average price is $134.07.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings data on Saturday, August 8th. The transportation company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.21). Copa had a net margin of 15.71% and a return on equity of 22.60%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the company posted $3.61 earnings per share. The business's revenue was up 25.7% on a year-over-year basis. On average, equities research analysts anticipate that Copa will post 16.68 earnings per share for the current year.

Institutional Trading of Copa

Large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in Copa by 1,361,326.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 258,671 shares of the transportation company's stock valued at $31,198,000 after purchasing an additional 258,652 shares during the last quarter. INCA Investments LLC purchased a new stake in Copa during the first quarter worth about $26,950,000. Balyasny Asset Management L.P. lifted its holdings in Copa by 428.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 258,251 shares of the transportation company's stock worth $31,148,000 after buying an additional 209,381 shares in the last quarter. Two Sigma Investments LP increased its holdings in Copa by 153.5% during the 3rd quarter. Two Sigma Investments LP now owns 229,076 shares of the transportation company's stock worth $27,219,000 after purchasing an additional 138,700 shares during the period. Finally, Wasatch Advisors LP raised its holdings in Copa by 33.3% in the third quarter. Wasatch Advisors LP now owns 547,618 shares of the transportation company's stock valued at $65,068,000 after acquiring an additional 136,719 shares in the last quarter. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

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.

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