Copa Holdings, S.A. (CPA) Downgraded to Hold at BidaskClub
BidaskClub cut shares of Copa Holdings, S.A. (NYSE:CPA) from a buy rating to a hold rating in a research note published on Thursday.
Several other research firms have also issued reports on CPA. Deutsche Bank AG reiterated a buy rating and issued a $137.00 target price (up previously from $134.00) on shares of Copa Holdings, in a research note on Tuesday, July 18th. ValuEngine lowered shares of Copa Holdings, from a buy rating to a hold rating in a research note on Thursday, May 11th. Zacks Investment Research upgraded shares of Copa Holdings, from a hold rating to a buy rating and set a $139.00 target price for the company in a research note on Tuesday, July 11th. Bank of America Corp upped their target price on shares of Copa Holdings, from $140.00 to $150.00 and gave the stock a buy rating in a research note on Thursday, August 10th. Finally, Stifel Nicolaus reiterated a hold rating and issued a $120.00 target price on shares of Copa Holdings, in a research note on Friday, August 11th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $110.79.
Copa Holdings, (NYSE:CPA) traded up 2.10% during midday trading on Thursday, hitting $121.10. 101,828 shares of the company traded hands. Copa Holdings, has a 12-month low of $75.74 and a 12-month high of $133.70. The firm has a market capitalization of $5.14 billion, a PE ratio of 15.60 and a beta of 1.80. The stock’s 50-day moving average is $125.87 and its 200-day moving average is $115.25.
Copa Holdings, (NYSE:CPA) last posted its earnings results on Wednesday, August 9th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.48. Copa Holdings, had a net margin of 14.17% and a return on equity of 14.98%. The firm had revenue of $578.10 million during the quarter, compared to analyst estimates of $567.47 million. During the same quarter in the prior year, the business posted $0.51 EPS. The business’s revenue was up 16.9% compared to the same quarter last year. Analysts anticipate that Copa Holdings, will post $8.65 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $3.00 annualized dividend and a yield of 2.53%. This is a positive change from Copa Holdings,’s previous quarterly dividend of $0.51. Copa Holdings,’s dividend payout ratio is presently 25.79%.
A number of institutional investors have recently bought and sold shares of the stock. Pictet Asset Management Ltd. bought a new position in Copa Holdings, during the first quarter valued at $191,000. Dixon Hubard Feinour & Brown Inc. VA bought a new position in Copa Holdings, during the first quarter valued at $213,000. HighTower Advisors LLC bought a new position in Copa Holdings, during the first quarter valued at $219,000. Global X Management Co. LLC raised its position in Copa Holdings, by 0.9% in the second quarter. Global X Management Co. LLC now owns 2,010 shares of the transportation company’s stock valued at $235,000 after buying an additional 17 shares during the last quarter. Finally, Fiera Capital Corp bought a new position in Copa Holdings, during the second quarter valued at $250,000. Institutional investors own 70.35% of the company’s stock.
Copa Holdings, 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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