Copa Holdings, S.A. (NYSE:CPA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday.

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. “

Other research analysts also recently issued research reports about the company. BidaskClub downgraded Copa Holdings, from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Deutsche Bank AG restated 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. Bank of America Corporation raised their target price on 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 restated a “hold” rating and issued a $120.00 target price on shares of Copa Holdings, in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $116.39.

Copa Holdings, (NYSE CPA) opened at 126.60 on Monday. The company has a 50-day moving average price of $128.27 and a 200-day moving average price of $121.21. Copa Holdings, has a 1-year low of $83.34 and a 1-year high of $134.25. The firm has a market cap of $5.37 billion, a P/E ratio of 16.31 and a beta of 1.80.

Copa Holdings, (NYSE:CPA) last posted its quarterly earnings results on Wednesday, August 9th. The transportation company reported $1.48 earnings per share for the quarter, hitting the consensus estimate of $1.48. The company had revenue of $578.10 million during the quarter, compared to the consensus estimate of $567.47 million. Copa Holdings, had a return on equity of 14.98% and a net margin of 14.17%. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 EPS. On average, equities research analysts forecast that Copa Holdings, will post $8.50 EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in shares of Copa Holdings, by 10.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,961,624 shares of the transportation company’s stock valued at $346,511,000 after acquiring an additional 270,954 shares in the last quarter. FMR LLC raised its holdings in shares of Copa Holdings, by 16.5% in the 2nd quarter. FMR LLC now owns 2,072,986 shares of the transportation company’s stock valued at $242,538,000 after acquiring an additional 294,090 shares in the last quarter. State Street Corp raised its holdings in shares of Copa Holdings, by 6.6% in the 1st quarter. State Street Corp now owns 867,867 shares of the transportation company’s stock valued at $97,415,000 after acquiring an additional 53,612 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Copa Holdings, by 5.1% in the 2nd quarter. BlackRock Inc. now owns 782,269 shares of the transportation company’s stock valued at $91,525,000 after acquiring an additional 37,710 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Copa Holdings, by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 685,313 shares of the transportation company’s stock valued at $76,927,000 after acquiring an additional 48,675 shares in the last quarter. 64.23% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Copa Holdings, (NYSE:CPA)

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