Copa Holdings SA (NYSE:CPA)’s share price fell 1.8% during mid-day trading on Friday . The company traded as low as $78.71 and last traded at $79.51, with a volume of 576,385 shares trading hands. The stock had previously closed at $80.99.

A number of research firms have issued reports on CPA. Raymond James Financial Inc. restated an “outperform” rating on shares of Copa Holdings SA in a research report on Wednesday, June 15th. JPMorgan Chase & Co. boosted their price objective on shares of Copa Holdings SA from $59.00 to $93.00 and gave the company a “neutral” rating in a research report on Tuesday, August 16th. Wolfe Research cut shares of Copa Holdings SA from a “market perform” rating to an “underperform” rating in a research report on Friday, June 10th. Credit Suisse Group AG cut shares of Copa Holdings SA from an “outperform” rating to a “neutral” rating and set a $64.00 price objective on the stock. in a research report on Friday, May 6th. Finally, HSBC cut shares of Copa Holdings SA from a “buy” rating to a “hold” rating and boosted their price objective for the company from $66.00 to $84.00 in a research report on Friday, August 5th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $76.45.

The company has a 50 day moving average of $72.45 and a 200-day moving average of $62.60. The firm’s market cap is $3.35 billion.

Copa Holdings SA (NYSE:CPA) last announced its earnings results on Wednesday, August 3rd. The company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.19. The firm earned $494.40 million during the quarter, compared to analysts’ expectations of $487.28 million. The company’s revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 EPS. On average, equities research analysts expect that Copa Holdings SA will post $4.69 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Monday, August 29th.

Several large investors have recently made changes to their positions in CPA. State of New Jersey Common Pension Fund D increased its stake 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 valued at $5,319,000 after buying an additional 9,700 shares in the last quarter. Wells Fargo & Company MN increased its stake 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 valued at $13,329,000 after buying an additional 26,730 shares in the last quarter. Finally, Rhumbline Advisers increased its stake 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 valued at $1,030,000 after buying an additional 238 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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