Shares of Copa Holdings SA (NYSE:CPA) have earned a consensus rating of “Hold” from the sixteen ratings firms that are presently covering the firm. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $82.00.
A number of research firms have recently commented on CPA. Buckingham Research cut their price objective on Copa Holdings SA from $116.00 to $92.00 and set a “buy” rating on the stock in a report on Monday, September 26th. Raymond James Financial Inc. restated an “outperform” rating and issued a $100.00 price objective (up from $85.00) on shares of Copa Holdings SA in a report on Friday, September 23rd. JPMorgan Chase & Co. raised their price objective on Copa Holdings SA from $59.00 to $93.00 and gave the stock a “neutral” rating in a report on Tuesday, August 16th. Morgan Stanley upgraded Copa Holdings SA from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $56.00 to $94.00 in a report on Thursday, September 8th. Finally, Zacks Investment Research upgraded Copa Holdings SA from a “hold” rating to a “strong-buy” rating and set a $90.00 price objective on the stock in a report on Tuesday, August 9th.
Copa Holdings SA (NYSE:CPA) opened at 86.90 on Thursday. The firm’s market capitalization is $3.66 billion. The company has a 50-day moving average price of $84.37 and a 200-day moving average price of $67.64. Copa Holdings SA has a one year low of $42.61 and a one year high of $90.75.
Copa Holdings SA (NYSE:CPA) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The company 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 company’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period last year, the business posted $0.93 EPS. On average, equities research analysts anticipate that Copa Holdings SA will post $4.72 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were given a $0.51 dividend. The ex-dividend date was Monday, August 29th. This represents a $2.04 annualized dividend and a dividend yield of 2.35%. Copa Holdings SA’s payout ratio is 48.46%.
Several hedge funds and other institutional investors have recently modified their holdings of CPA. Fairpointe Capital LLC raised its position in shares of Copa Holdings SA by 3.3% in the second quarter. Fairpointe Capital LLC now owns 2,928,779 shares of the company’s stock valued at $153,058,000 after buying an additional 92,714 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of Copa Holdings SA by 0.6% in the second quarter. Baillie Gifford & Co. now owns 2,701,866 shares of the company’s stock valued at $141,200,000 after buying an additional 17,376 shares during the last quarter. Orbis Allan Gray Ltd purchased a new position in shares of Copa Holdings SA during the first quarter valued at approximately $151,533,000. Brandes Investment Partners LP raised its position in shares of Copa Holdings SA by 2.2% in the second quarter. Brandes Investment Partners LP now owns 1,592,785 shares of the company’s stock valued at $86,559,000 after buying an additional 34,328 shares during the last quarter. Finally, Sprucegrove Investment Management Ltd. raised its position in shares of Copa Holdings SA by 120.8% in the second quarter. Sprucegrove Investment Management Ltd. now owns 1,530,557 shares of the company’s stock valued at $79,987,000 after buying an additional 837,400 shares during the last quarter. Institutional investors own 73.18% of the company’s stock.
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.
Receive News & Ratings for Copa Holdings SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copa Holdings SA and related companies with MarketBeat.com's FREE daily email newsletter.