Copa Holdings, S.A. (CPA) Stock Rating Upgraded by Zacks Investment Research
Copa Holdings, S.A. (NYSE:CPA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, July 11th. The brokerage presently has a $139.00 target price on the transportation company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 10.08% from the company’s previous close.
According to Zacks, “Copa Holdings, through its Copa Airlines and AeroRepublica operating subsidiaries, is a leading Latin American provider of passenger and cargo service. Copa Airlines currently offers daily scheduled flights to destinations in countries like North, Central and South America and the Caribbean. “
CPA has been the subject of a number of other reports. BidaskClub raised Copa Holdings, from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. ValuEngine cut Copa Holdings, from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $104.77.
Shares of Copa Holdings, (NYSE CPA) traded up 0.66% during midday trading on Tuesday, reaching $127.10. 200,365 shares of the company were exchanged. The company has a market capitalization of $5.39 billion, a PE ratio of 16.77 and a beta of 1.80. The stock’s 50-day moving average price is $121.85 and its 200-day moving average price is $112.30. Copa Holdings, has a 52-week low of $72.50 and a 52-week high of $133.70.
Copa Holdings, (NYSE:CPA) last announced its quarterly earnings results on Wednesday, May 10th. The transportation company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.09. The business had revenue of $616.70 million for the quarter, compared to the consensus estimate of $621.16 million. Copa Holdings, had a net margin of 14.32% and a return on equity of 13.23%. Copa Holdings,’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the company posted $1.66 EPS. Analysts anticipate that Copa Holdings, will post $8.49 EPS for the current year.
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Large investors have recently made changes to their positions in the stock. Comerica Bank acquired a new stake in shares of Copa Holdings, during the fourth quarter valued at about $286,000. GSA Capital Partners LLP acquired a new stake in shares of Copa Holdings, during the fourth quarter valued at about $233,000. Guggenheim Capital LLC increased its stake in shares of Copa Holdings, by 1.8% in the fourth quarter. Guggenheim Capital LLC now owns 48,183 shares of the transportation company’s stock valued at $4,376,000 after buying an additional 848 shares in the last quarter. Norges Bank acquired a new stake in shares of Copa Holdings, during the fourth quarter valued at about $12,897,000. Finally, Quadrature Capital Ltd increased its stake in shares of Copa Holdings, by 223.7% in the fourth quarter. Quadrature Capital Ltd now owns 9,217 shares of the transportation company’s stock valued at $837,000 after buying an additional 6,370 shares in the last quarter. 70.37% of the stock is owned by institutional investors and hedge funds.
About Copa Holdings,
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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