Copa Holdings SA (NYSE:CPA) shares gapped up before the market opened on Monday . The stock had previously closed at $53.78, but opened at $55.25. Copa Holdings SA shares last traded at $58.70, with a volume of 219,900 shares trading hands.

Several research analysts recently weighed in on CPA shares. Evercore ISI cut Copa Holdings SA from a “hold” rating to a “sell” rating in a research note on Tuesday, March 22nd. Santander raised their target price 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 target price 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 investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $64.27.

The firm has a 50 day moving average price of $52.97 and a 200-day moving average price of $56.62. The stock’s market capitalization is $2.45 billion.

Copa Holdings SA (NYSE:CPA) last posted its quarterly earnings results on Thursday, May 5th. The company reported $1.66 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 analysts’ expectations of $547.37 million. Copa Holdings SA’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.41 earnings per share. On average, analysts anticipate that Copa Holdings SA will post $3.79 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.51%. The ex-dividend date was Thursday, May 26th.

A number of large investors have bought and sold shares of the stock. California State Teachers Retirement System raised its stake 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 valued at $3,038,000 after buying an additional 1,023 shares during the last quarter. First Trust Advisors LP raised its stake 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 valued at $4,124,000 after buying an additional 20,009 shares during the last quarter. Rhumbline Advisers raised its stake in Copa Holdings SA by 1.1% in the fourth quarter. Rhumbline Advisers now owns 21,348 shares of the company’s stock valued at $1,030,000 after buying an additional 238 shares during the last quarter. 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 during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Copa Holdings SA by 56.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 103,618 shares of the company’s stock valued at $5,001,000 after buying an additional 37,237 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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