Copa Holdings SA (CPA) Trading Down 1.8%
Copa Holdings SA (NYSE:CPA)’s share price was down 1.8% during mid-day trading on Friday . The stock traded as low as $78.71 and last traded at $79.51, with a volume of 576,385 shares traded. The stock had previously closed at $80.99.
Several equities analysts recently issued reports on CPA shares. Bank of America Corp. upgraded Copa Holdings SA from a “neutral” rating to a “buy” rating in a research note on Monday, July 11th. Zacks Investment Research upgraded 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 note on Tuesday, August 9th. JPMorgan Chase & Co. raised their price objective on Copa Holdings SA from $59.00 to $93.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 16th. Buckingham Research upgraded Copa Holdings SA from a “neutral” rating to a “buy” rating and set a $81.00 price objective on the stock in a research note on Tuesday, July 19th. Finally, Citigroup Inc. upgraded Copa Holdings SA from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $68.00 to $88.00 in a research note on Thursday, August 4th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $76.45.
The stock has a 50-day moving average price of $72.45 and a 200-day moving average price of $62.60. The stock’s market cap is $3.35 billion.
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, beating analysts’ consensus estimates of $0.32 by $0.19. The firm had revenue of $494.40 million for the quarter, compared to the consensus estimate of $487.28 million. During the same quarter in the prior year, the firm posted $0.93 earnings per share. The business’s revenue for the quarter was down 8.2% on a year-over-year basis. On average, equities research analysts anticipate that Copa Holdings SA will post $4.53 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Monday, August 29th.
A hedge fund recently raised its stake in Copa Holdings SA stock. Rhumbline Advisers boosted its position in shares of Copa Holdings SA (NYSE:CPA) by 1.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 21,348 shares of the company’s stock after buying an additional 238 shares during the period. Rhumbline Advisers’ holdings in Copa Holdings SA were worth $1,030,000 as of its most recent SEC filing.
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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