Zacks Investment Research Lowers Copa Holdings, S.A. (CPA) to Sell
Copa Holdings, S.A. (NYSE:CPA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.
According to Zacks, “Copa Holdings, through its Copa Airlines and AeroRepublica operating subsidiaries, is a leading Latin American provider of passenger and cargo service. Copa Airlines currently offers daily scheduled flights to destinations in countries like North, Central and South America and the Caribbean. “
CPA has been the topic of several other reports. Bank of America Corporation boosted their target price on Copa Holdings, from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. BidaskClub downgraded Copa Holdings, from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Deutsche Bank AG reissued a “buy” rating and issued a $137.00 target price (up from $134.00) on shares of Copa Holdings, in a report on Tuesday, July 18th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $120.00 target price on shares of Copa Holdings, in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $116.39.
Copa Holdings, (CPA) traded up 0.69% during midday trading on Monday, reaching $126.76. The company had a trading volume of 190,438 shares. The company has a 50-day moving average of $128.79 and a 200-day moving average of $121.62. Copa Holdings, has a 12-month low of $83.33 and a 12-month high of $134.25. The stock has a market capitalization of $5.38 billion, a PE ratio of 16.33 and a beta of 1.80.
Copa Holdings, (NYSE:CPA) last released its earnings results on Wednesday, August 9th. The transportation company reported $1.48 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.48. Copa Holdings, had a return on equity of 14.98% and a net margin of 14.17%. The business had revenue of $578.10 million for the quarter, compared to the consensus estimate of $567.47 million. During the same period in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. On average, analysts predict that Copa Holdings, will post $8.50 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of CPA. Pictet Asset Management Ltd. increased its position in Copa Holdings, by 9.1% during the second quarter. Pictet Asset Management Ltd. now owns 1,853 shares of the transportation company’s stock valued at $210,000 after acquiring an additional 154 shares during the last quarter. HighTower Advisors LLC purchased a new stake in Copa Holdings, during the first quarter valued at $219,000. Global X Management Co. LLC increased its position in Copa Holdings, by 0.9% during the second quarter. Global X Management Co. LLC now owns 2,010 shares of the transportation company’s stock valued at $235,000 after acquiring an additional 17 shares during the last quarter. Fiera Capital Corp purchased a new stake in Copa Holdings, during the second quarter valued at $250,000. Finally, US Bancorp DE increased its position in Copa Holdings, by 50.4% during the second quarter. US Bancorp DE now owns 2,220 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 744 shares during the last quarter. Institutional investors own 64.23% of the company’s stock.
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.
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