Copa Holdings SA (NYSE:CPA) was down 4.2% during trading on Tuesday . The company traded as low as $64.72 and last traded at $64.77, with a volume of 151,632 shares changing hands. The stock had previously closed at $67.62.

A number of equities research analysts have commented on CPA shares. Santander raised their target price on Copa Holdings SA from $49.00 to $56.00 and gave the company an “underperform” rating in a report on Monday, April 4th. Bank of America Corp. raised Copa Holdings SA from a “neutral” rating to a “buy” rating in a research note on Monday, July 11th. 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. Zacks Investment Research cut Copa Holdings SA from a “hold” rating to a “sell” rating in a research report on Tuesday, June 28th. Finally, Goldman Sachs Group Inc. cut Copa Holdings SA to a “hold” rating in a research report on Wednesday, June 15th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Copa Holdings SA currently has a consensus rating of “Hold” and a consensus target price of $64.45.

The company has a 50-day moving average of $58.95 and a 200-day moving average of $58.70. The company’s market cap is $2.73 billion.

Copa Holdings SA (NYSE:CPA) last issued its quarterly earnings results on Thursday, May 5th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. The firm earned $557.07 million during the quarter, compared to the consensus estimate of $547.37 million. During the same quarter last year, the firm earned $2.41 earnings per share. The business’s revenue for the quarter was down 11.8% on a year-over-year basis. On average, equities research analysts predict that Copa Holdings SA will post $3.97 earnings per share for the current fiscal year.

Several hedge funds recently added to or reduced their stakes in CPA. Brandes Investment Partners LP increased its position in shares of 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 worth $84,144,000 after buying an additional 12,867 shares during the period. State of New Jersey Common Pension Fund D increased its position in shares of Copa Holdings SA by 9.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 110,220 shares of the company’s stock worth $5,319,000 after buying an additional 9,700 shares during the period. Wells Fargo & Company MN increased its position in shares of Copa Holdings SA by 10.7% in the fourth quarter. Wells Fargo & Company MN now owns 276,193 shares of the company’s stock worth $13,329,000 after buying an additional 26,730 shares during the period. Morgan Stanley increased its position in shares of Copa Holdings SA by 15.6% in the fourth quarter. Morgan Stanley now owns 1,029,961 shares of the company’s stock worth $49,706,000 after buying an additional 139,235 shares during the period. Finally, Rhumbline Advisers increased 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.

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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