According to Zacks, "Copa Holdings, through its Copa Airlines and AeroRepublica operating subsidiaries, is a leading Latin American provider of passenger and cargo service". The firm offers approximately 337 daily scheduled flights to 73 destinations in 31 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub.
A number of other large investors also recently modified their holdings of CPA. The firm has "Hold" rating by Imperial Capital given on Sunday, August 16. Santander upgraded shares of Copa from an underperform rating to a hold rating in a report on Monday, December 4th. Denny's Co. had 13 analyst reports since August 4, 2015 according to SRatingsIntel. Bank of America lowered their price objective on shares of Copa from $167.00 to $154.00 and set a buy rating on the stock in a report on Tuesday, September 26th. J.P. Morgan upgraded the stock to "Buy" rating in Tuesday, November 21 report. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. The stock increased 3.05% or $0.44 during the last trading session, reaching $14.88. About 244,828 shares traded. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.97 and a current ratio of 1.05. Copa has a 12-month low of $90.51 and a 12-month high of $138.72.
Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, November 8th. Hosking Partners LLP now owns 84,965 shares of the transportation company's stock valued at $10,581,000 after buying an additional 532 shares during the last quarter. Copa had a return on equity of 16.81% and a net margin of 14.88%. The company had revenue of $657.17 million during the quarter, compared to the consensus estimate of $644.36 million. They expect $2.32 earnings per share, up 63.38% or $0.90 from last year's $1.42 per share.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. (NASDAQ:DENN), 3 have Buy rating, 0 Sell and 1 Hold. The ex-dividend date was Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a yield of 2.13%. Copa's dividend payout ratio is presently 34.84%.
Want to see what other hedge funds are holding CPA? GSA Capital Partners LLP raised its holdings in shares of Copa by 10.3% in the third quarter. Virtu KCG Holdings LLC now owns 6,827 shares of the transportation company's stock valued at $799,000 after buying an additional 292 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Copa in the third quarter valued at about $498,000. 145,900 shares of the company traded hands, compared to its average volume of 310,146. Ameritas Invest Ptnrs Inc reported 1,473 shares or 0% of all its holdings. Bamco Inc. NY now owns 569,642 shares of the transportation company's stock valued at $70,938,000 after acquiring an additional 56,862 shares during the period. Finally, INCA Investments LLC raised its stake in shares of Copa Holdings, by 17.8% in the second quarter. The company was maintained on Wednesday, August 2 by Wedbush. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.
WARNING: This piece of content was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this news story on another publication, it was copied illegally and republished in violation of global trademark & copyright legislation. The legal version of this piece of content can be accessed at https://stocknewstimes.com/2018/01/13/copa-cpa-raised-to-buy-at-zacks-investment-research.html. Copa Holdings Sa now has $5.84 billion valuation. Copa Airlines operates from its position located in the Republic of Panama.