Key Points
- Copa Holdings’ chief accounting officer sold 174 shares for $25,534.50 at an average price of $146.75, reducing his direct stake by 41.53% to 245 shares.
- Copa shares rose 0.6% to $142.64 in Friday trading. Its latest quarterly results missed expectations, with EPS of $1.67 versus analysts’ $1.88 estimate and revenue of $1.06 billion versus $1.08 billion expected.
- Analysts maintain a consensus Buy rating and a $172.20 price target, though UBS and Raymond James lowered their targets to $185.
Copa Holdings, S.A. (NYSE:CPA - Get Free Report) CAO Juan Alberto Mr Alvarado sold 174 shares of the firm's stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $146.75, for a total value of $25,534.50. Following the sale, the chief accounting officer directly owned 245 shares in the company, valued at approximately $35,953.75. This represents a 41.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Copa Stock Up 0.6%
Shares of NYSE:CPA traded up $0.84 during trading on Friday, hitting $142.64. 242,291 shares of the company's stock traded hands, compared to its average volume of 325,491. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average price of $132.68 and a 200-day moving average price of $133.46. Copa Holdings, S.A. has a 52 week low of $107.44 and a 52 week high of $160.46. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 9.38, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14.
Copa (NYSE:CPA - Get Free Report) last posted its earnings results on Saturday, August 8th. The transportation company reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.88 by ($0.21). The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. Copa had a return on equity of 22.40% and a net margin of 15.71%. Copa's revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.61 earnings per share. As a group, research analysts forecast that Copa Holdings, S.A. will post 14.78 EPS for the current fiscal year.
Institutional Trading of Copa
Institutional investors have recently made changes to their positions in the business. Elevation Wealth Partners LLC grew its position in Copa by 59.3% in the third quarter. Elevation Wealth Partners LLC now owns 266 shares of the transportation company's stock valued at $35,000 after purchasing an additional 99 shares in the last quarter. Triumph Capital Management grew its holdings in shares of Copa by 26.7% in the 2nd quarter. Triumph Capital Management now owns 570 shares of the transportation company's stock valued at $89,000 after acquiring an additional 120 shares in the last quarter. IFP Advisors Inc increased its position in shares of Copa by 15.4% in the third quarter. IFP Advisors Inc now owns 959 shares of the transportation company's stock valued at $126,000 after acquiring an additional 128 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Copa by 5.0% in the first quarter. PNC Financial Services Group Inc. now owns 3,181 shares of the transportation company's stock valued at $361,000 after acquiring an additional 151 shares during the last quarter. Finally, Quad Cities Investment Group LLC increased its position in shares of Copa by 1.8% in the second quarter. Quad Cities Investment Group LLC now owns 8,502 shares of the transportation company's stock valued at $1,323,000 after acquiring an additional 152 shares during the last quarter. Institutional investors own 70.09% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on CPA shares. UBS Group lowered their price objective on shares of Copa from $195.00 to $185.00 and set a "buy" rating for the company in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Copa in a research report on Tuesday, August 11th. Wall Street Zen lowered shares of Copa from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Finally, Raymond James Financial lowered their target price on Copa from $195.00 to $185.00 and set a "strong-buy" rating for the company in a report on Monday, August 24th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $172.20.
Read Our Latest Stock Report on CPA
Copa Company Profile
(
Get Free Report)
Copa Holdings, SA is a Panama-based airline holding company whose principal subsidiary is Compañía Panameña de Aviación, SA, known as Copa Airlines. The company provides scheduled passenger air transportation, with Tocumen International Airport in Panama City serving as its primary hub.
Copa Airlines operates a network connecting Panama with destinations across North, Central and South America and the Caribbean. Its services support both business and leisure travel, with connecting traffic routed through Panama's geographic position as a regional aviation hub.
Copa Holdings also has an interest in Wingo, a low-cost airline serving Colombia and other markets in the Americas.
Further Reading
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