Copa Holdings S.A. (CPA) is Reiterated by Cowen to Market Perform, Raises Price Target to $ 72

Copa Holdings S.A. (CPA) was Reiterated by Cowen to “Market Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 72 from a previous price target of $49 . Cowen advised their investors in a research report released on Aug 5, 2016.

Many Wall Street Analysts have commented on Copa Holdings S.A.. Copa Holdings S.A. was Downgraded by HSBC Securities to ” Hold” on Aug 5, 2016. Copa Holdings S.A. was Upgraded by Credit Suisse to ” Outperform” on Aug 4, 2016. Copa Holdings S.A. was Upgraded by Citigroup to ” Buy” on Aug 4, 2016.

On the company’s financial health, Copa Holdings S.A. reported $1.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on May 5, 2016. Analyst had a consensus of $1.46. The company had revenue of $557.07 million for the quarter, compared to analysts expectations of $548.35 million. The company’s revenue was down -11.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.41 EPS.

Copa Holdings S.A. opened for trading at $69.19 and hit $76.86 on the upside on Thursday, eventually ending the session at $76.48, with a gain of 16.48% or 10.82 points. The heightened volatility saw the trading volume jump to 16,12,859 shares. Company has a market cap of $3,216 M.

Copa Holdings S.A. (Copa Holdings) is a Latin American provider of airline passenger and cargo service through its two principal operating subsidiaries Copa Airlines and Copa Colombia. Copa Airlines operates from its located position in the Republic of Panama and Copa Colombia provides service within Colombia and international flights from various cities in Colombia to Panama Venezuela Ecuador Mexico Cuba Guatemala and Costa Rica. As of December 31 2013 the Company operates a fleet of 90 aircraft 64 Boeing 737-Next Generation aircraft and 26 Embraer 190 aircraft. The Company offers approximately 327 daily scheduled flights among 66 destinations in 29 countries in North Central and South America and the Caribbean from its Panama City hub. The Company provides passengers with access to flights to more than 150 other destinations through codeshare arrangements with UAL and other airlines.

Copa Holdings S.A.

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