Copa Holdings (NYSE:CPA) Stock Upgrade
In a note made public on 14 December, Wolfe Research announced that they have decided to upgrade shares of Copa Holdings (NYSE:CPA) stock from a “Underperform” to a “Peer Perform”.
From a total of 17 analysts covering Copa Holdings SA (NYSE:CPA) stock, 6 rate it a ”Buy”, 2 a “Sell”, and 10 a ”Hold”. This means that 33% of the ratings are positive. The highest target price is $82 while the lowest target price is $40. The mean of all analyst targets is $59.71 with a 37.91% above today’s ($46.51) stock price. Copa Holdings SA was the topic of 14 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. HSBC initiated shares on November 23 with “Buy” rating. Imperial Capital maintained shares with “In-Line” rating and $60 target share price in a report from an August 14. UBS upgraded CPA stock in a recent report from September 22 to “Buy” rating. Credit Suisse downgraded the rating on August 13. Credit Suisse has a “Neutral” rating and a $80 price target on shares. Finally, Imperial Capital maintained the stock with “Hold” rating in a report issued on an August 16.
Approximately 646,518 shares of stock traded hands. Copa Holdings, S.A. (NYSE:CPA) has declined 48.89% since May 11, 2015 and is downtrending. It has underperformed by 44.48% the S&P500.
Copa Holdings, S.A. is a Latin American well-known provider of airline passenger and cargo service through its two principal operating subsidiaries, Copa Airlines and Copa Colombia. The company has a market cap of $2.09 billion. 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. It has 9.79 P/E ratio. As of December 31, 2013, the Company operates a fleet of 90 aircraft, 64 Boeing 737-Next Generation aircraft and 26 Embraer 190 aircraft.
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.”