Does Copa Holdings (NYSE:CPA) Look Attractive Now? Goldman Sachs Initiates Coverage

July 16, 2018 - By Pearl Odom

Copa Holdings, S.A. (NYSE:CPA) Logo

Why Has Goldman Sachs Given Copa Holdings (NYSE:CPA) a $144 Price Target

In a research note released today, Goldman Sachs analysts initiated Copa Holdings (NYSE:CPA) coverage with Buy rating, and a $144 target price.

Copa Holdings, S.A. (NYSE:CPA) Ratings Coverage

Among 7 analysts covering Copa Holdings (NYSE:CPA), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Copa Holdings has $165 highest and $103 lowest target. $119.20’s average target is 23.32% above currents $96.66 stock price. Copa Holdings had 10 analyst reports since February 16, 2018 according to SRatingsIntel. The company was maintained on Friday, May 11 by Cowen & Co. On Monday, March 19 the stock rating was maintained by JP Morgan with “Overweight”. Buckingham Research downgraded the stock to “Neutral” rating in Wednesday, July 11 report. The company was maintained on Thursday, February 22 by Buckingham Research. The firm has “Buy” rating given on Friday, June 22 by HSBC. The stock of Copa Holdings, S.A. (NYSE:CPA) has “Sell” rating given on Friday, February 16 by UBS. The company was maintained on Friday, February 23 by Cowen & Co. Stifel Nicolaus maintained it with “Hold” rating and $135 target in Friday, February 23 report. Raymond James upgraded the shares of CPA in report on Wednesday, June 20 to “Buy” rating. UBS upgraded Copa Holdings, S.A. (NYSE:CPA) on Thursday, May 24 to “Buy” rating.

The stock decreased 0.74% or $0.72 during the last trading session, reaching $96.66. About 281,770 shares traded. Copa Holdings, S.A. (NYSE:CPA) has risen 2.25% since July 16, 2017 and is uptrending. It has underperformed by 10.32% the S&P500.

Analysts await Copa Holdings, S.A. (NYSE:CPA) to report earnings on August, 8. They expect $1.40 earnings per share, down 5.41 % or $0.08 from last year’s $1.48 per share. CPA’s profit will be $59.40M for 17.26 P/E if the $1.40 EPS becomes a reality. After $3.22 actual earnings per share reported by Copa Holdings, S.A. for the previous quarter, Wall Street now forecasts -56.52 % negative EPS growth.

Copa Holdings, S.A., through its subsidiaries, provides airline passenger and cargo services in Panama and internationally. The company has market cap of $4.10 billion. The firm offers approximately 337 daily scheduled flights to 73 destinations in 31 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. It has a 10.12 P/E ratio. As of December, 31, 2016, it operated a fleet of 99 aircraft comprising 14 Boeing 737-700 next generation aircraft, 64 Boeing 737-800 next generation aircraft, and 21 Embraer 190 aircraft.

Another recent and important Copa Holdings, S.A. (NYSE:CPA) news was published by Streetinsider.com which published an article titled: “Goldman Sachs Starts Copa Holdings (CPA) at Buy, Called a Top Pick” on July 16, 2018.

Copa Holdings, S.A. (NYSE:CPA) Ratings Chart

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