Copa Holdings SA (NYSE:CPA) was upgraded by stock analysts at Wolfe Research from an “underperform” rating to a “market perform” rating in a research report issued to clients and investors on Thursday.

CPA has been the topic of several other reports. Zacks Investment Research raised shares of Copa Holdings SA from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Morgan Stanley upgraded shares of Copa Holdings SA from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $56.00 to $94.00 in a research note on Thursday, September 8th. Raymond James Financial Inc. restated an “outperform” rating and issued a $100.00 price target (up from $85.00) on shares of Copa Holdings SA in a research note on Friday, September 23rd. Deutsche Bank AG upgraded shares of Copa Holdings SA from a “sell” rating to a “hold” rating and upped their price target for the company from $44.00 to $62.00 in a research note on Wednesday, July 20th. Finally, Credit Suisse Group AG upgraded shares of Copa Holdings SA from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $87.00.

Analyst Recommendations for Copa Holdings SA (NYSE:CPA)

Copa Holdings SA (NYSE:CPA) opened at 85.23 on Thursday. Copa Holdings SA has a 52 week low of $42.61 and a 52 week high of $97.00. The company’s market capitalization is $3.59 billion. The firm has a 50 day moving average of $89.29 and a 200-day moving average of $71.83.

Copa Holdings SA (NYSE:CPA) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.08. The company had revenue of $569 million for the quarter, compared to analyst estimates of $548.76 million. Copa Holdings SA had a net margin of 11.42% and a return on equity of 10.56%. The company’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, analysts forecast that Copa Holdings SA will post $5.08 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be paid a $0.51 dividend. The ex-dividend date is Monday, November 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.39%. Copa Holdings SA’s payout ratio is currently 35.05%.

Several large investors have recently bought and sold shares of CPA. 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 worth $79,987,000 after buying an additional 837,400 shares during the period. 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 worth $86,559,000 after buying an additional 34,328 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of 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. Deltec Asset Management LLC raised its position in shares of 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. Finally, Riverhead Capital Management LLC acquired a new position in shares of Copa Holdings SA during the first quarter worth about $934,000. Institutional investors own 74.64% 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.

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