Copa Holdings, S.A. (CPA) Given Consensus Recommendation of “Buy” by Brokerages
Copa Holdings, S.A. (NYSE:CPA) has received a consensus recommendation of “Buy” from the sixteen analysts that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $108.23.
CPA has been the subject of a number of research reports. Zacks Investment Research raised shares of Copa Holdings, from a “hold” rating to a “buy” rating and set a $141.00 price target for the company in a research report on Thursday, May 11th. ValuEngine raised shares of Copa Holdings, from a “hold” rating to a “buy” rating in a research report on Friday, May 19th. BidaskClub cut shares of Copa Holdings, from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Stifel Nicolaus reissued a “hold” rating and issued a $120.00 price target on shares of Copa Holdings, in a research report on Friday, August 11th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $137.00 price target (up from $134.00) on shares of Copa Holdings, in a research report on Tuesday, July 18th.
ILLEGAL ACTIVITY NOTICE: “Copa Holdings, S.A. (CPA) Given Consensus Recommendation of “Buy” by Brokerages” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://www.americanbankingnews.com/2017/08/19/copa-holdings-s-a-cpa-given-consensus-recommendation-of-buy-by-brokerages.html.
Shares of Copa Holdings, (NYSE:CPA) traded up 0.55% during trading on Friday, reaching $125.07. The company had a trading volume of 130,550 shares. The firm has a 50-day moving average of $125.73 and a 200 day moving average of $114.55. Copa Holdings, has a 1-year low of $75.74 and a 1-year high of $133.70. The firm has a market capitalization of $5.31 billion, a PE ratio of 16.12 and a beta of 1.80.
Copa Holdings, (NYSE:CPA) last announced its quarterly earnings results on Wednesday, August 9th. The transportation company reported $1.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.48. Copa Holdings, had a net margin of 14.17% and a return on equity of 14.98%. The firm had revenue of $578.10 million during the quarter, compared to analysts’ expectations of $567.47 million. During the same period in the previous year, the company earned $0.51 earnings per share. Copa Holdings,’s quarterly revenue was up 16.9% compared to the same quarter last year. Analysts expect that Copa Holdings, will post $8.65 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.40%. This is a boost from Copa Holdings,’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Tuesday, August 29th. Copa Holdings,’s dividend payout ratio is presently 25.79%.
Several large investors have recently made changes to their positions in the stock. Pictet Asset Management Ltd. acquired a new stake in shares of Copa Holdings, during the first quarter worth approximately $191,000. Dixon Hubard Feinour & Brown Inc. VA purchased a new position in Copa Holdings, during the first quarter valued at about $213,000. HighTower Advisors LLC purchased a new position in Copa Holdings, during the first quarter valued at about $219,000. Global X Management Co. LLC boosted its position in Copa Holdings, by 0.9% in the second quarter. Global X Management Co. LLC now owns 2,010 shares of the transportation company’s stock valued at $235,000 after buying an additional 17 shares in the last quarter. Finally, Fiera Capital Corp purchased a new position in Copa Holdings, during the second quarter valued at about $250,000. 70.35% of the stock is owned by institutional investors and hedge funds.
Copa Holdings, Company Profile
Copa Holdings, SA is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama.
Receive News & Ratings for Copa Holdings S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copa Holdings S.A. and related companies with MarketBeat.com's FREE daily email newsletter.