Copa Holdings, Price Target Cut to $160.00 by Analysts at Cowen and Company (CPA)
Equities research analysts at Cowen and Company lowered their price target on shares of Copa Holdings, (NYSE:CPA) from $170.00 to $160.00 in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price target suggests a potential upside of 25.63% from the company’s current price.
A number of other analysts have also recently weighed in on CPA. 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. Separately, analysts at Raymond James downgraded shares of Copa Holdings, from an “outperform” rating to a “market perform” rating in a research note on Thursday. They now have a $167.00 price target on the stock. Finally, analysts at Evercore Partners downgraded shares of Copa Holdings, from an “overweight” rating to an “equal weight” rating in a research note on Thursday. They now have a $150.00 price target on the stock, down previously from $160.00. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $162.38.
Shares of Copa Holdings, (NYSE:CPA) opened at 127.36 on Friday. Copa Holdings, has a 52-week low of $121.11 and a 52-week 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 $5.655 billion and a price-to-earnings ratio of 14.41. Copa Holdings, also was the recipient of some unusual options trading on Thursday. Stock traders acquired 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. Analysts expect that Copa Holdings, will post $11.43 EPS for the current fiscal year.
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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