Copa Holdings SA (NYSE:CPA) Receives $82.00 Average Price Target from Analysts
Copa Holdings SA (NYSE:CPA) has been given an average rating of “Hold” by the sixteen brokerages that are currently covering the stock. Three analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $82.00.
Several brokerages have weighed in on CPA. Zacks Investment Research raised shares of Copa Holdings SA from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th. Goldman Sachs Group Inc. lifted their price objective on shares of Copa Holdings SA from $62.00 to $71.00 and gave the company a “neutral” rating in a research report on Friday, August 5th. HSBC cut shares of Copa Holdings SA from a “buy” rating to a “hold” rating and lifted their price objective for the company from $66.00 to $84.00 in a research report on Friday, August 5th. Cowen and Company lifted their price objective on shares of Copa Holdings SA from $49.00 to $72.00 and gave the company a “market perform” rating in a research report on Friday, August 5th. Finally, Raymond James Financial Inc. reiterated an “outperform” rating on shares of Copa Holdings SA in a research report on Wednesday, June 15th.
Large investors have recently made changes to their positions in the company. Orbis Allan Gray Ltd purchased a new position in Copa Holdings SA during the first quarter worth $151,533,000. Sprucegrove Investment Management Ltd. boosted its position in 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 worth $79,987,000 after buying an additional 837,400 shares during the period. BNP Paribas Arbitrage SA boosted its position in Copa Holdings SA by 63.6% in the second quarter. BNP Paribas Arbitrage SA now owns 11,347 shares of the company’s stock worth $593,000 after buying an additional 4,413 shares during the period. BlackRock Inc. boosted its position in Copa Holdings SA by 159.1% in the first quarter. BlackRock Inc. now owns 15,594 shares of the company’s stock worth $1,056,000 after buying an additional 9,575 shares during the period. Finally, Deltec Asset Management LLC boosted its position in Copa Holdings SA by 42.1% in the second quarter. Deltec Asset Management LLC now owns 108,820 shares of the company’s stock worth $5,687,000 after buying an additional 32,230 shares during the period. Institutional investors own 73.18% of the company’s stock.
Copa Holdings SA (NYSE:CPA) opened at 84.39 on Thursday. Copa Holdings SA has a 1-year low of $42.61 and a 1-year high of $90.75. The stock’s market capitalization is $3.55 billion. The firm has a 50-day moving average of $84.25 and a 200-day moving average of $67.50.
Copa Holdings SA (NYSE:CPA) last issued its quarterly 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. Copa Holdings SA had a net margin of 8.36% and a return on equity of 9.05%. The business had revenue of $494.40 million for the quarter, compared to the consensus estimate of $487.28 million. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. Equities analysts expect that Copa Holdings SA will post $4.72 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.42%. The ex-dividend date was Monday, August 29th. Copa Holdings SA’s dividend payout ratio is presently 48.46%.
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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