Copa Holdings SA (CPA) Given Consensus Rating of “Hold” by Brokerages
Copa Holdings SA (NYSE:CPA) has earned an average rating of “Hold” from the sixteen brokerages that are covering the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $89.09.
Several analysts have issued reports on the company. Wolfe Research raised Copa Holdings SA from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 10th. Cowen and Company reiterated a “market perform” rating and set a $90.00 price objective (up previously from $72.00) on shares of Copa Holdings SA in a report on Thursday, November 10th. Citigroup Inc. upgraded Copa Holdings SA from a “hold” rating to a “buy” rating and increased their price objective for the company from $90.00 to $105.00 in a report on Wednesday, November 9th. Deutsche Bank AG upgraded Copa Holdings SA from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Wednesday, November 9th. Finally, Buckingham Research decreased their price objective on Copa Holdings SA from $116.00 to $92.00 and set a “buy” rating for the company in a report on Monday, September 26th.
A number of large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in shares of Copa Holdings SA by 4.9% in the third quarter. PNC Financial Services Group Inc. now owns 1,624 shares of the company’s stock valued at $142,000 after buying an additional 76 shares in the last quarter. Global X Management Co. LLC boosted its stake in Copa Holdings SA by 15.5% in the third quarter. Global X Management Co. LLC now owns 2,169 shares of the company’s stock worth $191,000 after buying an additional 291 shares during the period. World Asset Management Inc acquired a new stake in Copa Holdings SA during the third quarter worth approximately $220,000. M&T Bank Corp acquired a new stake in Copa Holdings SA during the first quarter worth approximately $222,000. Finally, AXA acquired a new stake in Copa Holdings SA during the second quarter worth approximately $244,000. 74.64% of the stock is currently owned by institutional investors.
Shares of Copa Holdings SA (NYSE:CPA) opened at 88.00 on Thursday. Copa Holdings SA has a 12-month low of $42.61 and a 12-month high of $97.00. The company’s market cap is $3.73 billion. The firm’s 50-day moving average price is $89.22 and its 200 day moving average price is $72.06.
Copa Holdings SA (NYSE:CPA) last announced its earnings results on Tuesday, November 8th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.08. The business had revenue of $569 million for the quarter, compared to analysts’ expectations of $548.76 million. Copa Holdings SA had a return on equity of 10.56% and a net margin of 11.42%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. On average, analysts predict 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. Shareholders of record on Wednesday, November 30th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Monday, November 28th. Copa Holdings SA’s dividend payout ratio is currently 35.05%.
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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