Copa Holdings, S.A. Plans Quarterly Dividend of $0.96 (CPA)
Copa Holdings, (NYSE:CPA) announced a quarterly dividend on Monday, August 11th, Analyst Ratings News reports. Stockholders of record on Friday, August 29th will be paid a dividend of 0.96 per share on Monday, September 15th. This represents a $3.84 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Wednesday, August 27th.
A number of research firms have recently commented on CPA. Analysts at Deutsche Bank cut their price target on shares of Copa Holdings, from $180.00 to $165.00 in a research note on Friday. On the ratings front, 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. Finally, 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. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Copa Holdings, has an average rating of “Buy” and an average target price of $161.90.
Copa Holdings, (NYSE:CPA) traded down 4.36% during mid-day trading on Monday, hitting $127.77. 661,019 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 $147.6 and its 200-day moving average is $139.9. The company has a market cap of $5.674 billion and a P/E ratio of 11.66.
Copa Holdings, (NYSE:CPA) last announced its earnings results on Wednesday, August 6th. The company reported $2.61 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.92 earnings per share. The company’s quarterly revenue was up 13.8% on a year-over-year basis. Analysts expect that Copa Holdings, will post $11.11 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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