Shares of Copa Holdings, S.A. (NYSE:CPA) have received an average rating of “Hold” from the sixteen ratings firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $113.00.
CPA has been the topic of several recent research reports. Evercore ISI reiterated a “buy” rating on shares of Copa in a research report on Sunday, November 17th. UBS Group upgraded shares of Copa from a “neutral” rating to a “buy” rating in a research report on Friday, September 27th. TheStreet downgraded shares of Copa from a “b-” rating to a “c+” rating in a research report on Monday, September 30th. Deutsche Bank lifted their price objective on shares of Copa from $103.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, November 18th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Copa from a “buy” rating to a “sell” rating and set a $106.00 price objective on the stock. in a research report on Wednesday, October 9th.
Several hedge funds have recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Copa by 8.0% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,398 shares of the transportation company’s stock worth $132,000 after buying an additional 103 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Copa by 0.3% during the 3rd quarter. California State Teachers Retirement System now owns 49,947 shares of the transportation company’s stock worth $4,932,000 after buying an additional 135 shares in the last quarter. Rhumbline Advisers raised its position in shares of Copa by 0.8% during the 3rd quarter. Rhumbline Advisers now owns 23,811 shares of the transportation company’s stock worth $2,351,000 after buying an additional 185 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Copa during the 2nd quarter worth about $57,000. Finally, Strs Ohio raised its holdings in shares of Copa by 16.4% in the 3rd quarter. Strs Ohio now owns 4,416 shares of the transportation company’s stock worth $436,000 after purchasing an additional 621 shares in the last quarter. Institutional investors own 69.82% of the company’s stock.
Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, November 13th. The transportation company reported $2.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.31 by $0.14. Copa had a net margin of 3.29% and a return on equity of 15.24%. The business had revenue of $708.21 million during the quarter, compared to analyst estimates of $698.59 million. During the same period in the previous year, the business posted $1.36 EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, research analysts predict that Copa will post 7.62 earnings per share for the current fiscal year.
Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 81 destinations in 33 countries in North, Central, and South America, as well as the Caribbean. As of April 24, 2019, it operated a fleet of 105 aircraft comprising 6 Boeing 737 MAX9s, 82 Boeing 737NGs, and 17 Embraer-190s aircraft.
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