Copa Holdings SA (CPA) Trading 4.9% Higher
Shares of Copa Holdings SA (NYSE:CPA) rose 4.9% on Wednesday . The stock traded as high as $56.14 and last traded at $56.07, with a volume of 465,757 shares traded. The stock had previously closed at $53.44.
CPA has been the subject of several recent research reports. Evercore ISI cut Copa Holdings SA from a “hold” rating to a “sell” rating in a report on Tuesday, March 22nd. Santander upped their price target on Copa Holdings SA from $49.00 to $56.00 and gave the company an “underperform” rating in a research note on Monday, April 4th. Raymond James Financial Inc. raised Copa Holdings SA from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Wednesday, April 20th. Goldman Sachs Group Inc. cut Copa Holdings SA to a “hold” rating in a research note on Wednesday, June 15th. Finally, Zacks Investment Research cut Copa Holdings SA from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $64.27.
The stock’s market capitalization is $2.35 billion. The firm has a 50-day moving average price of $52.83 and a 200-day moving average price of $56.49.
Copa Holdings SA (NYSE:CPA) last posted its quarterly earnings data on Thursday, May 5th. The company reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.20. The company earned $557.07 million during the quarter, compared to analyst estimates of $547.37 million. During the same period in the prior year, the firm earned $2.41 earnings per share. Copa Holdings SA’s revenue was down 11.8% compared to the same quarter last year. On average, analysts expect that Copa Holdings SA will post $3.79 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Thursday, May 26th.
Other institutional investors recently bought and sold shares of the company. Rhumbline Advisers raised its position in Copa Holdings SA by 1.1% in the fourth quarter. Rhumbline Advisers now owns 21,348 shares of the company’s stock worth $1,030,000 after buying an additional 238 shares in the last quarter. Amica Pension Fund Board of Trustees raised its position in Copa Holdings SA by 70.6% in the fourth quarter. Amica Pension Fund Board of Trustees now owns 40,911 shares of the company’s stock worth $1,974,000 after buying an additional 16,936 shares in the last quarter. Amica Mutual Insurance Co. raised its position in Copa Holdings SA by 61.9% in the fourth quarter. Amica Mutual Insurance Co. now owns 59,979 shares of the company’s stock worth $2,895,000 after buying an additional 22,927 shares in the last quarter. California State Teachers Retirement System raised its position in Copa Holdings SA by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 62,958 shares of the company’s stock worth $3,038,000 after buying an additional 1,023 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Copa Holdings SA by 30.6% in the fourth quarter. First Trust Advisors LP now owns 85,452 shares of the company’s stock worth $4,124,000 after buying an additional 20,009 shares in 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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