The Copa Holdings SA (NYSE:CPA) Receives $82.00 Average Price Target from Analysts

The Copa Holdings SA (NYSE:CPA) Receives $82.00 Average Price Target from Analysts

Copa Holdings SA (NYSE:CPA) has been given a consensus rating of “Hold” by the sixteen research firms that are covering the firm. Three investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $82.00.

CPA has been the subject of a number of recent research reports. Bank of America Corp. raised Copa Holdings SA from a “neutral” rating to a “buy” rating in a research note on Monday, July 11th. Buckingham Research raised Copa Holdings SA from a “neutral” rating to a “buy” rating and set a $81.00 target price for the company in a research note on Tuesday, July 19th. Citigroup Inc. raised 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 report on Thursday, August 4th. Deutsche Bank AG raised Copa Holdings SA from a “sell” rating to a “hold” rating and raised their price objective for the stock from $44.00 to $62.00 in a research report on Wednesday, July 20th. Finally, Zacks Investment Research raised Copa Holdings SA from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th.

Shares of Copa Holdings SA (NYSE:CPA) opened at 84.39 on Thursday. The stock’s market capitalization is $3.55 billion. Copa Holdings SA has a 52-week low of $42.61 and a 52-week high of $90.75. The firm’s 50 day moving average is $84.25 and its 200 day moving average is $67.50.

Copa Holdings SA (NYSE:CPA) last issued its earnings results on Wednesday, August 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. Copa Holdings SA had a return on equity of 9.05% and a net margin of 8.36%. The business earned $494.40 million during the quarter, compared to the consensus estimate of $487.28 million. During the same period last year, the company earned $0.93 EPS. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. Equities analysts expect that Copa Holdings SA will post $4.72 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Monday, August 29th. Copa Holdings SA’s payout ratio is presently 48.46%.

Institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its position in shares of Copa Holdings SA by 23.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 78,900 shares of the company’s stock valued at $4,124,000 after buying an additional 14,870 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Copa Holdings SA by 22.0% in the second quarter. Stifel Financial Corp now owns 149,565 shares of the company’s stock valued at $7,815,000 after buying an additional 26,991 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Copa Holdings SA during the second quarter valued at about $342,000. AQR Capital Management LLC bought a new position in shares of Copa Holdings SA during the second quarter valued at about $251,000. Finally, Paloma Partners Management Co bought a new position in shares of Copa Holdings SA during the second quarter valued at about $327,000. Institutional investors and hedge funds own 73.18% of the company’s stock.

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