Shares of Copa Holdings SA (NYSE:CPA) have earned an average recommendation of “Hold” from the sixteen brokerages that are presently covering the firm. Three investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $82.00.
CPA has been the topic of a number of research reports. Morgan Stanley raised Copa Holdings SA from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $56.00 to $94.00 in a research note on Thursday, September 8th. Raymond James Financial Inc. reissued an “outperform” rating and issued a $100.00 price objective (up previously from $85.00) on shares of Copa Holdings SA in a research note on Friday, September 23rd. Bank of America Corp. raised Copa Holdings SA from a “neutral” rating to a “buy” rating in a research note on Monday, July 11th. Cowen and Company boosted their price objective on Copa Holdings SA from $49.00 to $72.00 and gave the stock a “market perform” rating in a research note on Friday, August 5th. Finally, Zacks Investment Research downgraded Copa Holdings SA from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th.
Copa Holdings SA (NYSE:CPA) traded down 1.36% during trading on Thursday, reaching $84.81. The company had a trading volume of 234,955 shares. Copa Holdings SA has a 12 month low of $42.61 and a 12 month high of $90.75. The stock has a 50 day moving average price of $84.22 and a 200 day moving average price of $67.27. The firm’s market capitalization is $3.57 billion.
Copa Holdings SA (NYSE:CPA) last announced its earnings results on Wednesday, August 3rd. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.19. The firm had revenue of $494.40 million for the quarter, compared to the consensus estimate of $487.28 million. Copa Holdings SA had a return on equity of 9.05% and a net margin of 8.36%. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 EPS. On average, equities research analysts predict that Copa Holdings SA will post $4.72 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were issued a dividend of $0.51 per share. The ex-dividend date was Monday, August 29th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.37%. Copa Holdings SA’s dividend payout ratio is 48.46%.
Hedge funds have recently added to or reduced their stakes in the stock. M&T Bank Corp purchased a new stake in Copa Holdings SA during the first quarter worth about $222,000. AXA purchased a new stake in Copa Holdings SA during the second quarter worth about $244,000. IMS Capital Management boosted its stake in Copa Holdings SA by 7.9% in the second quarter. IMS Capital Management now owns 4,760 shares of the company’s stock worth $249,000 after buying an additional 350 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Copa Holdings SA during the second quarter worth about $251,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in Copa Holdings SA during the first quarter worth about $271,000. 73.18% of the stock is owned by hedge funds and other institutional investors.
About Copa Holdings SA
Copa Holdings, SA is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama.
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