Copa Holdings SA (NYSE:CPA) had its price objective lowered by investment analysts at Buckingham Research from $116.00 to $92.00 in a report released on Monday. The firm currently has a “buy” rating on the stock. Buckingham Research’s price objective would indicate a potential upside of 6.80% from the company’s current price.
Several other research firms have also weighed in on CPA. Wolfe Research lowered Copa Holdings SA from a “market perform” rating to an “underperform” rating in a research note on Friday, June 10th. Raymond James Financial Inc. reissued an “outperform” rating on shares of Copa Holdings SA in a research note on Wednesday, June 15th. Goldman Sachs Group Inc. lowered Copa Holdings SA to a “hold” rating in a research note on Wednesday, June 15th. Zacks Investment Research lowered Copa Holdings SA from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th. Finally, Bank of America Corp. raised Copa Holdings SA from a “neutral” rating to a “buy” rating in a research note on Monday, July 11th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $80.50.
Shares of Copa Holdings SA (NYSE:CPA) opened at 86.14 on Monday. Copa Holdings SA has a 52-week low of $40.67 and a 52-week high of $90.75. The firm’s 50-day moving average price is $83.28 and its 200-day moving average price is $66.42. The stock’s market cap is $3.63 billion.
Copa Holdings SA (NYSE:CPA) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The firm earned $494.40 million during the quarter, compared to analyst estimates 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 quarterly revenue was down 8.2% on a year-over-year basis. During the same period last year, the company posted $0.93 EPS. On average, equities research analysts forecast that Copa Holdings SA will post $4.63 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $2.04 annualized dividend and a dividend yield of 2.37%. Copa Holdings SA’s dividend payout ratio is 48.46%.
Several hedge funds have recently made changes to their positions in CPA. M&T Bank Corp purchased a new stake in shares of Copa Holdings SA during the first quarter valued at about $222,000. AXA purchased a new stake in shares of Copa Holdings SA during the second quarter valued at about $244,000. IMS Capital Management raised its stake in shares of Copa Holdings SA by 7.9% in the second quarter. IMS Capital Management now owns 4,760 shares of the company’s stock valued at $249,000 after buying an additional 350 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of Copa Holdings SA during the second quarter valued at about $251,000. Finally, UBS Asset Management Americas Inc. purchased a new stake in shares of Copa Holdings SA during the first quarter valued at about $257,000. Institutional investors and hedge funds own 73.18% of the company’s stock.
Copa Holdings SA Company Profile
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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