Copa Holdings SA (CPA) Sees Strong Trading Volume
Shares of Copa Holdings SA (NYSE:CPA) saw unusually-high trading volume on Thursday . Approximately 713,347 shares were traded during mid-day trading, an increase of 9% from the previous session’s volume of 653,667 shares.The stock last traded at $65.47 and had previously closed at $64.29.
CPA has been the topic of a number of recent analyst reports. Bank of America Corp. upgraded Copa Holdings SA from a “neutral” rating to a “buy” rating in a research note on Monday. Zacks Investment Research upgraded Copa Holdings SA from a “sell” rating to a “hold” rating in a research note on Wednesday. Goldman Sachs Group Inc. lowered Copa Holdings SA to a “hold” rating in a research note on Wednesday, June 15th. JPMorgan Chase & Co. dropped their price objective on Copa Holdings SA from $68.00 to $59.00 and set a “neutral” rating on the stock in a research note on Monday, May 16th. Finally, Credit Suisse Group AG lowered Copa Holdings SA from an “outperform” rating to a “neutral” rating and set a $64.00 price objective on the stock. in a research note on Friday, May 6th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $64.27.
The company’s market cap is $2.75 billion. The firm’s 50 day moving average price is $53.85 and its 200-day moving average price is $56.78.
Copa Holdings SA (NYSE:CPA) last issued its quarterly earnings results on Thursday, May 5th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. The business had revenue of $557.07 million for the quarter, compared to analyst estimates of $547.37 million. During the same quarter last year, the firm posted $2.41 EPS. Copa Holdings SA’s revenue for the quarter was down 11.8% on a year-over-year basis. On average, analysts predict that Copa Holdings SA will post $3.80 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, May 26th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.13%.
Several institutional investors have modified their holdings of CPA. Rhumbline Advisers raised its position in shares of 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 during the period. Amica Pension Fund Board of Trustees raised its position in shares of 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 during the period. Amica Mutual Insurance Co. raised its position in shares of 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 during the period. California State Teachers Retirement System raised its position in shares of 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 during the period. Finally, First Trust Advisors LP raised its position in shares of 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 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.