Copa Holdings SA (CPA) Trading Up 4.9%
Shares of Copa Holdings SA (NYSE:CPA) were up 4.9% during mid-day trading on Wednesday . The company traded as high as $56.14 and last traded at $56.07, with a volume of 465,757 shares changing hands. The stock had previously closed at $53.44.
A number of analysts have issued reports on CPA shares. Evercore ISI lowered Copa Holdings SA from a “hold” rating to a “sell” rating in a report on Tuesday, March 22nd. Deutsche Bank AG lowered Copa Holdings SA from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $55.00 to $49.00 in a report on Wednesday, April 20th. Raymond James Financial Inc. raised Copa Holdings SA from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a report on Wednesday, April 20th. Santander lifted their price objective on Copa Holdings SA from $49.00 to $56.00 and gave the stock an “underperform” rating in a report on Monday, April 4th. Finally, Goldman Sachs Group Inc. lowered Copa Holdings SA to a “hold” rating in a report on Wednesday, June 15th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Copa Holdings SA presently has an average rating of “Hold” and a consensus target price of $64.27.
The stock’s 50-day moving average is $52.77 and its 200 day moving average is $56.51. The firm’s market capitalization is $2.29 billion.
Copa Holdings SA (NYSE:CPA) last released its quarterly earnings data on Thursday, May 5th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.20. The business earned $557.07 million during the quarter, compared to the consensus estimate of $547.37 million. Copa Holdings SA’s quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.41 EPS. Analysts expect that Copa Holdings SA will post $3.79 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st were paid a $0.51 dividend. The ex-dividend date was Thursday, May 26th. This represents a $2.04 annualized dividend and a yield of 3.76%.
A number of hedge funds have added to or reduced their stakes in the stock. Baillie Gifford & Co. raised its stake in Copa Holdings SA by 0.5% in the fourth quarter. Baillie Gifford & Co. now owns 2,658,153 shares of the company’s stock valued at $128,283,000 after buying an additional 13,479 shares in the last quarter. Brandes Investment Partners LP increased its position in Copa Holdings SA by 0.8% in the fourth quarter. Brandes Investment Partners LP now owns 1,664,734 shares of the company’s stock valued at $84,144,000 after buying an additional 12,867 shares during the last quarter. Morgan Stanley increased its position in Copa Holdings SA by 15.6% in the fourth quarter. Morgan Stanley now owns 1,029,961 shares of the company’s stock valued at $49,706,000 after buying an additional 139,235 shares during the last quarter. Wells Fargo & Company MN increased its position in Copa Holdings SA by 10.7% in the fourth quarter. Wells Fargo & Company MN now owns 276,193 shares of the company’s stock valued at $13,329,000 after buying an additional 26,730 shares during the last quarter. Finally, CI Global Investments Inc. increased its position in Copa Holdings SA by 5.8% in the fourth quarter. CI Global Investments Inc. now owns 275,000 shares of the company’s stock valued at $13,272,000 after buying an additional 15,000 shares during the last quarter.
Copa Holdings, SA (Copa Holdings) is a Latin American provider of airline passenger and cargo service through its two principal operating subsidiaries, Copa Airlines and Copa Colombia. Copa Airlines operates from its located position in the Republic of Panama, and Copa Colombia provides service within Colombia and international flights from various cities in Colombia to Panama, Venezuela, Ecuador, Mexico, Cuba, Guatemala and Costa Rica.
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