Copa Holdings, S.A. (NYSE:CPA) has been assigned a consensus recommendation of “Buy” from the seventeen research firms that are covering the firm. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $93.46.
Several research firms recently weighed in on CPA. TheStreet upgraded shares of Copa Holdings, from a “c” rating to a “b” rating in a report on Thursday, February 16th. Evercore ISI upgraded shares of Copa Holdings, from a “sell” rating to a “hold” rating and boosted their target price for the company from $75.00 to $100.00 in a research note on Friday, February 17th. Vetr cut shares of Copa Holdings, from a “strong-buy” rating to a “buy” rating and set a $102.50 target price on the stock. in a research note on Monday, December 5th. Wolfe Research upgraded shares of Copa Holdings, from an “underperform” rating to a “market perform” rating in a research note on Tuesday, January 31st. Finally, Zacks Investment Research cut shares of Copa Holdings, from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th.
A number of hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in Copa Holdings, by 4.9% in the third quarter. PNC Financial Services Group Inc. now owns 1,624 shares of the company’s stock worth $142,000 after buying an additional 76 shares during the period. Dumac Inc. purchased a new stake in Copa Holdings, during the fourth quarter worth $180,000. Global X Management Co. LLC raised its stake in Copa Holdings, by 15.5% in the third quarter. Global X Management Co. LLC now owns 2,169 shares of the company’s stock worth $191,000 after buying an additional 291 shares during the period. Gideon Capital Advisors Inc. purchased a new stake in Copa Holdings, during the fourth quarter worth $208,000. Finally, World Asset Management Inc purchased a new stake in Copa Holdings, during the third quarter worth $220,000. 70.64% of the stock is currently owned by institutional investors and hedge funds.
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Copa Holdings, (NYSE:CPA) opened at 109.14 on Monday. The firm has a 50-day moving average of $104.50 and a 200 day moving average of $94.35. The company has a market capitalization of $4.63 billion, a PE ratio of 13.60 and a beta of 1.55. Copa Holdings, has a 12-month low of $48.57 and a 12-month high of $112.00.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Friday, February 24th. Copa Holdings,’s dividend payout ratio (DPR) is presently 35.05%.
About Copa Holdings,
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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