Copa Holdings SA (NYSE:CPA)’s share price rose 8.8% during trading on Tuesday . The stock traded as high as $63.67 and last traded at $63.27, with a volume of 554,633 shares changing hands. The stock had previously closed at $58.16.

CPA has been the subject of several recent research reports. Bank of America Corp. raised shares of Copa Holdings SA from a “neutral” rating to a “buy” rating in a research report on Monday. Evercore ISI cut shares of Copa Holdings SA from a “hold” rating to a “sell” rating in a research report on Tuesday, March 22nd. Deutsche Bank AG cut shares of Copa Holdings SA from a “hold” rating to a “sell” rating and decreased their price target for the company from $55.00 to $49.00 in a research report on Wednesday, April 20th. Raymond James Financial Inc. raised shares of 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 report on Wednesday, April 20th. Finally, Goldman Sachs Group Inc. cut shares of Copa Holdings SA to a “hold” rating in a research report on Wednesday, June 15th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $64.27.

The company’s 50-day moving average price is $53.52 and its 200-day moving average price is $56.72. The firm’s market cap is $2.71 billion.

Copa Holdings SA (NYSE:CPA) last released its earnings results on Thursday, May 5th. The company reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.20. During the same period in the previous year, the business posted $2.41 EPS. The company had revenue of $557.07 million for the quarter, compared to analyst estimates of $547.37 million. The firm’s quarterly revenue was down 11.8% on a year-over-year basis. Equities research analysts anticipate that Copa Holdings SA will post $3.80 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st were paid a dividend of $0.51 per share. The ex-dividend date was Thursday, May 26th. This represents a $2.04 annualized dividend and a yield of 3.17%.

Other institutional investors recently added to or reduced their stakes in the company. Morgan Stanley boosted 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. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position 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 period. Wells Fargo & Company MN raised 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 period. 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 valued at $2,895,000 after buying an additional 22,927 shares during the period. 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 valued at $4,124,000 after buying an additional 20,009 shares during the period.

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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