Copa Holdings, S.A. (NYSE:CPA) has been given an average recommendation of “Buy” by the sixteen research firms that are presently covering the company. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $99.63.
CPA has been the subject of several recent research reports. Wolfe Research raised Copa Holdings, from an “underperform” rating to a “market perform” rating in a report on Tuesday, January 31st. Evercore ISI raised Copa Holdings, from a “sell” rating to a “hold” rating and increased their price target for the company from $75.00 to $100.00 in a report on Friday, February 17th. TheStreet raised Copa Holdings, from a “c” rating to a “b” rating in a report on Thursday, February 16th. Finally, Zacks Investment Research cut Copa Holdings, from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPA. PNC Financial Services Group Inc. increased its stake in shares of Copa Holdings, by 4.9% in the third quarter. PNC Financial Services Group Inc. now owns 1,624 shares of the transportation company’s stock worth $142,000 after buying an additional 76 shares during the period. Dumac Inc. acquired a new stake in shares of Copa Holdings, during the fourth quarter worth about $180,000. Global X Management Co. LLC increased its stake in shares of Copa Holdings, by 15.5% in the third quarter. Global X Management Co. LLC now owns 2,169 shares of the transportation company’s stock worth $191,000 after buying an additional 291 shares during the period. Gideon Capital Advisors Inc. acquired a new stake in shares of Copa Holdings, during the fourth quarter worth about $208,000. Finally, World Asset Management Inc acquired a new stake in shares of Copa Holdings, during the third quarter worth about $220,000. Hedge funds and other institutional investors own 70.64% of the company’s stock.
Shares of Copa Holdings, (NYSE:CPA) traded down 0.74% during midday trading on Monday, hitting $114.37. The stock had a trading volume of 96,241 shares. Copa Holdings, has a 12 month low of $48.57 and a 12 month high of $117.00. The stock’s 50 day moving average price is $110.43 and its 200 day moving average price is $97.87. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 14.26 and a beta of 1.55.
Copa Holdings, (NYSE:CPA) last posted its quarterly earnings results on Wednesday, February 15th. The transportation company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.33 by $0.09. Copa Holdings, had a return on equity of 10.56% and a net margin of 11.42%. The firm earned $601.30 million during the quarter, compared to analysts’ expectations of $567.51 million. On average, equities analysts forecast that Copa Holdings, will post $7.67 EPS for the current fiscal year.
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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