Zacks Downgrades Copa Holdings, to Underperform (CPA)
Copa Holdings, (NYSE:CPA) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Thursday. They currently have a $126.20 target price on the stock. Zacks‘s price objective suggests a potential downside of 1.58% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Copa Holdings, from $163.00 to $168.00 in a research note on Friday, August 15th. They now have an “overweight” rating on the stock. Separately, 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, August 8th. Finally, 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, August 8th. They now have a $155.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $159.11.
Copa Holdings, (NYSE:CPA) traded up 0.19% on Thursday, hitting $128.4599. The stock had a trading volume of 207,910 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 $144.0 and its 200-day moving average is $139.4. The company has a market cap of $5.705 billion and a P/E ratio of 11.19.
Copa Holdings, (NYSE:CPA) last posted its quarterly earnings results 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 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 $10.93 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Wednesday, August 27th.
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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