Buckingham Research Lowers Copa Holdings SA (CPA) Price Target to $92.00
Copa Holdings SA (NYSE:CPA) had its price target dropped by equities researchers at Buckingham Research from $116.00 to $92.00 in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the stock. Buckingham Research’s price target points to a potential upside of 6.80% from the stock’s previous close.
Several other equities analysts have also recently issued reports on CPA. Raymond James Financial Inc. reaffirmed an “outperform” rating and set a $100.00 price objective (up from $85.00) on shares of Copa Holdings SA in a report on Friday, September 23rd. Morgan Stanley raised Copa Holdings SA from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $56.00 to $94.00 in a report on Thursday, September 8th. JPMorgan Chase & Co. lifted 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. Zacks Investment Research raised Copa Holdings SA from a “hold” rating to a “strong-buy” rating and set a $90.00 price objective for the company in a report on Tuesday, August 9th. Finally, Goldman Sachs Group Inc. lifted their price objective on Copa Holdings SA from $62.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, August 5th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $80.50.
Copa Holdings SA (NYSE:CPA) opened at 86.14 on Monday. The stock’s market capitalization is $3.63 billion. The stock’s 50 day moving average price is $83.28 and its 200-day moving average price is $66.42. Copa Holdings SA has a 12-month low of $40.67 and a 12-month high of $90.75.
Copa Holdings SA (NYSE:CPA) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.19. Copa Holdings SA had a return on equity of 9.05% and a net margin of 8.36%. The firm had revenue of $494.40 million for the quarter, compared to the consensus estimate of $487.28 million. During the same period in the previous year, the business earned $0.93 earnings per share. The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. Analysts expect that Copa Holdings SA will post $4.63 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were paid a $0.51 dividend. The ex-dividend date was Monday, August 29th. This represents a $2.04 annualized dividend and a yield of 2.37%. Copa Holdings SA’s payout ratio is currently 48.46%.
A number of institutional investors have recently added to or reduced their stakes in CPA. M&T Bank Corp acquired a new position in Copa Holdings SA during the first quarter valued at approximately $222,000. AXA purchased a new stake in Copa Holdings SA during the second quarter worth about $244,000. IMS Capital Management increased 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 period. AQR Capital Management LLC purchased a new stake in Copa Holdings SA during the second quarter worth about $251,000. Finally, UBS Asset Management Americas Inc. purchased a new stake in Copa Holdings SA during the first quarter worth about $257,000. Hedge funds and other institutional investors 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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