Shares of Copa Holdings, S.A. (NYSE:CPA) have been given an average recommendation of “Buy” by the thirteen research firms that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $113.56.
CPA has been the subject of a number of analyst reports. BidaskClub downgraded Copa Holdings, from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Bank of America Corporation boosted their price target on Copa Holdings, from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. Deutsche Bank AG reaffirmed 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. Zacks Investment Research raised Copa Holdings, from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a research note on Tuesday, July 11th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $120.00 price target on shares of Copa Holdings, in a research note on Friday, August 11th.
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A number of institutional investors have recently added to or reduced their stakes in CPA. JPMorgan Chase & Co. grew its holdings in shares of Copa Holdings, by 10.1% during the second quarter. JPMorgan Chase & Co. now owns 2,961,624 shares of the transportation company’s stock worth $346,511,000 after purchasing an additional 270,954 shares during the last quarter. FMR LLC grew its holdings in shares of Copa Holdings, by 16.5% during the second quarter. FMR LLC now owns 2,072,986 shares of the transportation company’s stock worth $242,538,000 after purchasing an additional 294,090 shares during the last quarter. State Street Corp grew its holdings in shares of Copa Holdings, by 6.6% during the first quarter. State Street Corp now owns 867,867 shares of the transportation company’s stock worth $97,415,000 after purchasing an additional 53,612 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Copa Holdings, by 5.1% during the second quarter. BlackRock Inc. now owns 782,269 shares of the transportation company’s stock worth $91,525,000 after purchasing an additional 37,710 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Copa Holdings, by 7.6% during the first quarter. Vanguard Group Inc. now owns 685,313 shares of the transportation company’s stock worth $76,927,000 after purchasing an additional 48,675 shares during the last quarter. Hedge funds and other institutional investors own 64.28% of the company’s stock.
Shares of Copa Holdings, (NYSE CPA) traded down 0.42% during midday trading on Friday, hitting $126.90. 147,299 shares of the stock traded hands. The company has a market capitalization of $5.38 billion, a P/E ratio of 16.35 and a beta of 1.80. Copa Holdings, has a 1-year low of $83.33 and a 1-year high of $134.25. The stock has a 50 day moving average of $127.12 and a 200 day moving average of $120.35.
Copa Holdings, (NYSE:CPA) last posted its quarterly earnings results on Wednesday, August 9th. The transportation company reported $1.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.48. The business had revenue of $578.10 million during the quarter, compared to the consensus estimate of $567.47 million. Copa Holdings, had a return on equity of 14.98% and a net margin of 14.17%. Copa Holdings,’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Equities research analysts predict that Copa Holdings, will post $8.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Tuesday, August 29th. This is a boost from Copa Holdings,’s previous quarterly dividend of $0.51. Copa Holdings,’s payout ratio is currently 37.93%.
About Copa Holdings,
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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