Trading Report: Today, Copa Holdings SA (CPA) Upgrade at Vetr Inc.

Today, Copa Holdings SA (CPA) Upgrade at Vetr Inc.

Copa Holdings SA (NYSE:CPA) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report released on Tuesday. The firm presently has a $102.50 price objective on the stock. Vetr‘s price objective would suggest a potential upside of 16.13% from the company’s previous close.

Several other research analysts also recently weighed in on the stock. Morgan Stanley upgraded shares of Copa Holdings SA from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $56.00 to $94.00 in a research report on Thursday, September 8th. Raymond James Financial Inc. reiterated an “outperform” rating and issued a $100.00 price target (up from $85.00) on shares of Copa Holdings SA in a research report on Friday, September 23rd. Deutsche Bank AG upgraded shares of Copa Holdings SA from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research report on Wednesday, November 9th. Cowen and Company increased their price target on shares of Copa Holdings SA from $49.00 to $72.00 and gave the stock a “market perform” rating in a research report on Friday, August 5th. Finally, Wolfe Research upgraded shares of Copa Holdings SA from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Copa Holdings SA presently has an average rating of “Buy” and an average target price of $90.42.

Copa Holdings SA (NYSE:CPA) opened at 87.72 on Tuesday. The stock’s market capitalization is $3.72 billion. Copa Holdings SA has a 52-week low of $42.61 and a 52-week high of $97.00. The stock’s 50 day moving average is $90.68 and its 200-day moving average is $74.29.

Copa Holdings SA (NYSE:CPA) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $1.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.08. The company had revenue of $569 million for the quarter, compared to the consensus estimate of $548.76 million. Copa Holdings SA had a net margin of 11.42% and a return on equity of 10.56%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Equities research analysts anticipate that Copa Holdings SA will post $5.15 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be paid a $0.51 dividend. The ex-dividend date is Monday, November 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.31%. Copa Holdings SA’s payout ratio is currently 35.05%.

Several institutional investors have recently modified their holdings of the company. Fairpointe Capital LLC boosted its position in shares of Copa Holdings SA by 3.3% in the second quarter. Fairpointe Capital LLC now owns 2,928,779 shares of the company’s stock worth $153,058,000 after buying an additional 92,714 shares during the last quarter. Baillie Gifford & Co. boosted its position in shares of Copa Holdings SA by 0.6% in the second quarter. Baillie Gifford & Co. now owns 2,701,866 shares of the company’s stock worth $141,200,000 after buying an additional 17,376 shares during the last quarter. Brandes Investment Partners LP boosted its position in shares of Copa Holdings SA by 2.2% in the second quarter. Brandes Investment Partners LP now owns 1,592,785 shares of the company’s stock worth $86,559,000 after buying an additional 34,328 shares during the last quarter. Sprucegrove Investment Management Ltd. boosted its position in shares of Copa Holdings SA by 120.8% in the second quarter. Sprucegrove Investment Management Ltd. now owns 1,530,557 shares of the company’s stock worth $79,987,000 after buying an additional 837,400 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of Copa Holdings SA by 5.2% in the third quarter. Morgan Stanley now owns 1,499,264 shares of the company’s stock worth $131,830,000 after buying an additional 73,608 shares during the last quarter. 69.70% of the stock is owned by institutional investors and hedge funds.

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.

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