Shares of Copa Holdings SA (NYSE:CPA) saw an uptick in trading volume on Tuesday . 667,952 shares traded hands during mid-day trading, an increase of 13% from the previous session’s volume of 593,629 shares.The stock last traded at $86.07 and had previously closed at $88.95.
Several research firms recently weighed in on CPA. Zacks Investment Research upgraded shares of Copa Holdings SA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Morgan Stanley raised 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. Goldman Sachs Group Inc. lowered shares of Copa Holdings SA to a “hold” rating in a research report on Wednesday, June 15th. Wolfe Research lowered shares of Copa Holdings SA from a “market perform” rating to an “underperform” rating in a research report on Friday, June 10th. Finally, Deutsche Bank AG raised shares of Copa Holdings SA from a “sell” rating to a “hold” rating and increased their price target for the stock from $44.00 to $62.00 in a research report on Wednesday, July 20th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $77.92.
The company’s market capitalization is $3.67 billion. The firm’s 50 day moving average price is $76.36 and its 200 day moving average price is $63.71.
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Copa Holdings SA (NYSE:CPA) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.19. The firm earned $494.40 million during the quarter, compared to the consensus estimate of $487.28 million. Copa Holdings SA had a net margin of 8.36% and a return on equity of 9.05%. The business’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 EPS. On average, equities research analysts expect that Copa Holdings SA will post $4.53 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Monday, August 29th. Copa Holdings SA’s dividend payout ratio is currently 48.46%.
A number of hedge funds have recently bought and sold shares of CPA. NWQ Investment Management Company LLC increased its stake in Copa Holdings SA by 1.3% in the first quarter. NWQ Investment Management Company LLC now owns 827,906 shares of the company’s stock worth $56,091,000 after buying an additional 10,435 shares in the last quarter. Investec Asset Management LTD acquired a new stake in Copa Holdings SA during the first quarter worth about $505,000. M&T Bank Corp acquired a new stake in Copa Holdings SA during the first quarter worth about $222,000. Landscape Capital Management L.L.C. acquired a new stake in Copa Holdings SA during the first quarter worth about $1,655,000. Finally, NN Investment Partners Holdings N.V. acquired a new stake in Copa Holdings SA during the first quarter worth about $2,345,000. 73.28% of the stock is owned by hedge funds and other institutional investors.
Copa Holdings SA Company Profile
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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