Copa Holdings S.A. (CPA) was Upgraded by Morgan Stanley to ” Overweight”. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their investors in a research report released on Sep 8, 2016.
Many Wall Street Analysts have commented on Copa Holdings S.A.. Company shares were Reiterated by Cowen on Aug 5, 2016 to “Market Perform”, Firm has raised the Price Target to $ 72 from a previous price target of $49 .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.
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 $77.68 and hit $79.52 on the upside on Wednesday, eventually ending the session at $79.51, with a gain of 2.49% or 1.93 points. The heightened volatility saw the trading volume jump to 355,771 shares. Company has a market cap of $3,343 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.