Copa Holdings SA (NYSE:CPA) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday. The firm presently has a $102.50 target price on the stock. Vetr‘s price target points to a potential upside of 15.34% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Copa Holdings SA from a “hold” rating to a “strong-buy” rating and set a $90.00 target price on the stock in a research note on Tuesday, August 9th. HSBC lowered shares of Copa Holdings SA from a “buy” rating to a “hold” rating and raised their target price for the company from $66.00 to $84.00 in a research note on Friday, August 5th. JPMorgan Chase & Co. raised their target price on shares of Copa Holdings SA from $59.00 to $93.00 and gave the company a “neutral” rating in a research note on Tuesday, August 16th. Credit Suisse Group AG raised shares of Copa Holdings SA from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 4th. Finally, Buckingham Research reduced their target price on shares of Copa Holdings SA from $116.00 to $92.00 and set a “buy” rating on the stock in a research note on Monday, September 26th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $90.42.

Analyst Recommendations for Copa Holdings SA (NYSE:CPA)

Copa Holdings SA (NYSE:CPA) opened at 88.87 on Tuesday. The firm’s market cap is $3.77 billion. Copa Holdings SA has a 52 week low of $42.61 and a 52 week high of $97.00. The stock’s 50 day moving average is $90.73 and its 200 day moving average is $74.55.

Copa Holdings SA (NYSE:CPA) last issued 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 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 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. Equities research analysts expect that Copa Holdings SA will post $5.15 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.30%. The ex-dividend date is Monday, November 28th. Copa Holdings SA’s payout ratio is 35.05%.

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A number of hedge funds and other institutional investors have recently made changes to their positions in 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 last quarter. 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 last quarter. Trinity Street Asset Management LLP bought a new position in shares of Copa Holdings SA during the third quarter worth $42,665,000. 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 last quarter. Finally, 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 last quarter. 69.70% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:CPA

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