Copa Holdings SA (CPA) Sets New 12-Month High at $83.46
Copa Holdings SA (NYSE:CPA) shares reached a new 52-week high on Monday . The stock traded as high as $83.46 and last traded at $83.38, with a volume of 279,106 shares traded. The stock had previously closed at $82.08.
Several research firms recently weighed in on CPA. JPMorgan Chase & Co. upped their price objective on shares of Copa Holdings SA from $59.00 to $93.00 and gave the stock a “neutral” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Copa Holdings SA from a “hold” rating to a “strong-buy” rating and set a $90.00 price objective on the stock in a research report on Tuesday, August 9th. Goldman Sachs Group Inc. upped their price objective on shares of Copa Holdings SA from $62.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, August 5th. HSBC cut shares of Copa Holdings SA from a “buy” rating to a “hold” rating and increased their price target for the company from $66.00 to $84.00 in a research report on Friday, August 5th. Finally, Cowen and Company increased their price target on shares of Copa Holdings SA from $49.00 to $72.00 and gave the company a “market perform” rating in a research report on Friday, August 5th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Copa Holdings SA presently has an average rating of “Hold” and a consensus target price of $74.25.
The stock’s market capitalization is $3.51 billion. The company’s 50-day moving average is $66.36 and its 200 day moving average is $60.82.
Copa Holdings SA (NYSE:CPA) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.19. The firm earned $494.40 million during the quarter, compared to the consensus estimate of $487.28 million. During the same period in the previous year, the firm earned $0.93 EPS. The business’s revenue was down 8.2% compared to the same quarter last year. On average, equities research analysts forecast that Copa Holdings SA will post $4.69 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Monday, August 29th.
Several institutional investors recently added to or reduced their stakes in the stock. Rhumbline Advisers increased 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 valued at $1,030,000 after buying an additional 238 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in 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 valued at $5,319,000 after buying an additional 9,700 shares in the last quarter. Finally, Wells Fargo & Company MN increased 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 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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