Copa Holdings, Stock Rating Upgraded by Itau BBA Securities (CPA)
Copa Holdings, (NYSE:CPA) was upgraded by stock analysts at Itau BBA Securities from a “market perform” rating to an “outperform” rating in a report issued on Friday. The firm currently has a $155.00 price objective on the stock. Itau BBA Securities’ price objective suggests a potential upside of 21.70% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $161.56.
Shares of Copa Holdings, (NYSE:CPA) traded up 1.66% during mid-day trading on Friday, hitting $129.47. 363,154 shares of the company’s stock traded hands. Copa Holdings, has a 1-year low of $121.11 and a 1-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 $5.750 billion and a price-to-earnings ratio of 12.00. Copa Holdings, also was the recipient of some unusual options trading activity on Thursday. Traders acquired 188 put options on the company. This is an increase of 408% compared to the average daily volume of 37 put options.
Copa Holdings, (NYSE:CPA) last released its 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 $11.32 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.