Copa Holdings SA (CPA) Upgraded by Vetr Inc. to Strong-Buy
Vetr upgraded shares of Copa Holdings SA (NYSE:CPA) from a buy rating to a strong-buy rating in a report released on Tuesday. They currently have $102.50 price target on the stock.
A number of other analysts have also weighed in on the company. Raymond James Financial Inc. restated an outperform rating and set a $100.00 target price (up previously from $85.00) on shares of Copa Holdings SA in a report on Friday, September 23rd. Zacks Investment Research upgraded Copa Holdings SA from a hold rating to a strong-buy rating and set a $90.00 target price for the company in a report on Tuesday, August 9th. JPMorgan Chase & Co. upped their target price on Copa Holdings SA from $59.00 to $93.00 and gave the stock a neutral rating in a report on Tuesday, August 16th. Morgan Stanley upgraded Copa Holdings SA from an equal weight rating to an overweight rating and upped their target price for the stock from $56.00 to $94.00 in a report on Thursday, September 8th. Finally, Citigroup Inc. upgraded Copa Holdings SA from a neutral rating to a buy rating and upped their target price for the stock from $68.00 to $88.00 in a report on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Copa Holdings SA currently has a consensus rating of Buy and an average target price of $90.42.
Shares of Copa Holdings SA (NYSE:CPA) opened at 88.82 on Tuesday. Copa Holdings SA has a one year low of $42.61 and a one year high of $97.00. The company has a 50 day moving average price of $90.68 and a 200 day moving average price of $74.29. The company’s market cap is $3.76 billion.
Copa Holdings SA (NYSE:CPA) last posted its earnings results on Tuesday, November 8th. The company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.08. The company earned $569 million during the quarter, compared to analyst estimates of $548.76 million. Copa Holdings SA had a return on equity of 10.56% and a net margin of 11.42%. Copa Holdings SA’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 earnings per share. Equities analysts predict that Copa Holdings SA will post $5.15 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.30%. The ex-dividend date is Monday, November 28th. Copa Holdings SA’s dividend payout ratio is currently 35.05%.
A number of large investors have recently made changes to their positions in CPA. PNC Financial Services Group Inc. increased its stake in shares of Copa Holdings SA by 4.9% in the third quarter. PNC Financial Services Group Inc. now owns 1,624 shares of the company’s stock valued at $142,000 after buying an additional 76 shares in the last quarter. Global X Management Co. LLC increased its stake in shares of Copa Holdings SA by 15.5% in the third quarter. Global X Management Co. LLC now owns 2,169 shares of the company’s stock valued at $191,000 after buying an additional 291 shares in the last quarter. World Asset Management Inc bought a new stake in shares of Copa Holdings SA during the third quarter valued at $220,000. Verition Fund Management LLC bought a new stake in shares of Copa Holdings SA during the third quarter valued at $226,000. Finally, AXA bought a new stake in shares of Copa Holdings SA during the second quarter valued at $244,000. 69.70% of the stock is currently owned by institutional investors.
About Copa Holdings SA
Copa Holdings, SA is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama.
To view Vetr’s full report, visit Vetr’s official website.
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