The stock of Copa Holdings, S.A. (NYSE:CPA) hit a new 52-week high and has $119.20 target or 31.00% above today’s $90.99 share price. The 6 months bullish chart indicates low risk for the $3.89 billion company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $119.20 price target is reached, the company will be worth $1.21B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 29,951 shares traded hands. Copa Holdings, S.A. (NYSE:CPA) has risen 38.79% since March 14, 2016 and is uptrending. It has outperformed by 33.18% the S&P500.
Analysts await Copa Holdings, S.A. (NYSE:CPA) to report earnings on November, 10. They expect $1.11 EPS, up 30.59% or $0.26 from last year’s $0.85 per share. CPA’s profit will be $47.45M for 20.49 P/E if the $1.11 EPS becomes a reality. After $0.51 actual EPS reported by Copa Holdings, S.A. for the previous quarter, Wall Street now forecasts 117.65% EPS growth.
Copa Holdings, S.A. (NYSE:CPA) Ratings Coverage
Out of 13 analysts covering Copa Holdings SA (NYSE:CPA), 5 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 38% are positive. Copa Holdings SA has been the topic of 33 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Cowen & Co downgraded Copa Holdings, S.A. (NYSE:CPA) rating on Monday, August 17. Cowen & Co has “Market Perform” rating and $60 price target. The stock has “Neutral” rating given by JP Morgan on Tuesday, August 16. The stock of Copa Holdings, S.A. (NYSE:CPA) earned “In-Line” rating by Imperial Capital on Friday, August 14. Buckingham Research upgraded the stock to “Buy” rating in Tuesday, July 19 report. The rating was downgraded by Imperial Capital on Tuesday, August 4 to “In-Line”. The stock has “Buy” rating given by Buckingham Research on Monday, September 26. The stock has “Market Perform” rating given by Cowen & Co on Friday, August 5. The firm earned “Neutral” rating on Friday, May 6 by Credit Suisse. Cowen & Co maintained Copa Holdings, S.A. (NYSE:CPA) rating on Friday, November 13. Cowen & Co has “Market Perform” rating and $55 price target. As per Friday, August 5, the company rating was downgraded by HSBC.
According to Zacks Investment Research, “Copa Holdings, through its Copa Airlines and AeroRepublica operating subsidiaries, is a leading Latin American provider of passenger and cargo service. Copa Airlines currently offers daily scheduled flights to destinations in countries like North, Central and South America and the Caribbean.”
More notable recent Copa Holdings, S.A. (NYSE:CPA) news were published by: Fool.com which released: “Why Copa Holdings, SA Stock Surged 15% in September” on October 10, 2016, also Fool.com with their article: “Latin America’s Sluggish Economy Hits Copa Holdings S.A.” published on May 06, 2016, Fool.com published: “Copa Holdings, SA Earnings: Latin America’s Slump Continues to Be a Drag” on August 04, 2016. More interesting news about Copa Holdings, S.A. (NYSE:CPA) were released by: Fool.com and their article: “Why Copa Holdings, SA Shares Plunged 18% in May” published on June 06, 2016 as well as Fool.com‘s news article titled: “Why Copa Holdings, S.A. Shares Rose 11% in March” with publication date: April 09, 2016.
CPA Company Profile
Copa Holdings, S.A., incorporated on May 6, 1998, is a well-known 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 Firm operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama. Copa Airlines provides international air transportation for passengers, cargo and mail, operating from its Panama City hub in the Republic of Panama. Copa Colombia provides service within Colombia and international flights from various cities in Colombia to Panama, Venezuela, Ecuador, Mexico, Cuba, Guatemala and Costa Rica. Copa Colombia provides domestic and international air transportation for passengers, cargo and mail with a point-to-point route network. The Company’s subsidiary, Oval Financial Leasing, Ltd., controls the special purpose entities that have a beneficial interest in the majority of its fleet, which are all leased to either Copa Airlines or Copa Colombia.
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