Copa Holdings, Given Average Rating of “Buy” by Analysts (NYSE:CPA)
Shares of Copa Holdings, (NYSE:CPA) have been given an average rating of “Buy” by the ten analysts that are currently covering the company, Stock Ratings Network reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $161.56.
Shares of Copa Holdings, (NYSE:CPA) traded up 1.59% during mid-day trading on Friday, hitting $129.38. The stock had a trading volume of 622,321 shares. Copa Holdings, has a one year low of $121.11 and a one year high of $162.83. The stock’s 50-day moving average is $147.9 and its 200-day moving average is $140.0. The company has a market cap of $5.746 billion and a price-to-earnings ratio of 12.00. Copa Holdings, also was the target of unusually large options trading on Thursday. Stock traders purchased 188 put options on the stock. This is an increase of 408% compared to the average daily volume of 37 put options.
Copa Holdings, (NYSE:CPA) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.39. The company had revenue of $673.60 million for the quarter, compared to the consensus estimate of $673.02 million. During the same quarter in the previous year, the company posted $1.92 earnings per share. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. On average, analysts predict that Copa Holdings, will post $11.32 earnings per share for the current fiscal year.
CPA has been the subject of a number of recent research reports. Analysts at Itau BBA Securities upgraded shares of Copa Holdings, from a “market perform” rating to an “outperform” rating in a research note on Friday. They now have a $155.00 price target on the stock. Separately, analysts at Cowen and Company cut their price target on shares of Copa Holdings, from $170.00 to $160.00 in a research note on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Copa Holdings, from $156.00 to $163.00 in a research note on Thursday. They now have an “overweight” rating on the stock.
Copa Holdings, SA (NYSE:CPA) is a Latin American provider of airline passenger and cargo service through its two principal operating subsidiaries, Copa Airlines and Copa Colombia.
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