Copa Holdings, Price Target Cut to $165.00 by Analysts at Deutsche Bank (CPA)
Equities researchers at Deutsche Bank lowered their price objective on shares of Copa Holdings, (NYSE:CPA) from $180.00 to $165.00 in a research report issued on Friday. Deutsche Bank’s price target suggests a potential upside of 23.50% from the company’s current price.
A number of other analysts have also recently weighed in on CPA. 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. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $161.90.
Copa Holdings, (NYSE:CPA) opened at 133.60 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 $147.6 and its 200-day moving average is $139.9. The company has a market cap of $5.934 billion and a price-to-earnings ratio of 12.00. Copa Holdings, also was the target of unusually large options trading on Thursday. Stock investors purchased 188 put options on the company. This represents an increase of 408% compared to the typical 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 for the quarter, beating the analysts’ 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 last year, the company posted $1.92 earnings per share. Copa Holdings,’s revenue was up 13.8% compared to the same quarter last year. 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.
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