Copa Holdings, S.A. (CPA) Given Consensus Rating of “Buy” by Analysts
Copa Holdings, S.A. (NYSE:CPA) has received a consensus recommendation of “Buy” from the thirteen research firms that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $113.56.
Several analysts have commented on CPA shares. Bank of America Corporation decreased their price target on shares of Copa Holdings, from $167.00 to $154.00 and set a “buy” rating on the stock in a research note on Tuesday, September 26th. BidaskClub cut shares of Copa Holdings, from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of Copa Holdings, from a “sell” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus reiterated a “hold” rating and issued a $120.00 price target on shares of Copa Holdings, in a research note on Friday, August 11th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $137.00 price target (up previously from $134.00) on shares of Copa Holdings, in a research note on Tuesday, July 18th.
Copa Holdings, (NYSE:CPA) last announced its quarterly earnings results on Wednesday, August 9th. The transportation company reported $1.48 EPS for the quarter, hitting the consensus estimate of $1.48. The business had revenue of $578.10 million for the quarter, compared to analysts’ expectations of $567.47 million. Copa Holdings, had a net margin of 14.17% and a return on equity of 14.98%. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS.
Several institutional investors have recently bought and sold shares of CPA. Capital Growth Management LP bought a new stake in shares of Copa Holdings, in the 2nd quarter worth about $72,435,000. FMR LLC increased its holdings in shares of Copa Holdings, by 16.5% in the 2nd quarter. FMR LLC now owns 2,072,986 shares of the transportation company’s stock worth $242,538,000 after buying an additional 294,090 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Copa Holdings, by 10.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,961,624 shares of the transportation company’s stock worth $346,511,000 after buying an additional 270,954 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of Copa Holdings, in the 3rd quarter worth about $27,482,000. Finally, Acadian Asset Management LLC increased its holdings in shares of Copa Holdings, by 136.7% in the 2nd quarter. Acadian Asset Management LLC now owns 367,441 shares of the transportation company’s stock worth $42,991,000 after buying an additional 212,185 shares during the last quarter. Hedge funds and other institutional investors own 64.60% of the company’s stock.
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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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