Buckingham Research Maintains Copa Holdings S.A. to Buy with Price Target $116.00

Brokerage firm Buckingham Research Maintains its rating on Copa Holdings S.A.(NYSE:CPA). In a research note issued to the investors, the brokerage major Raises the price-target to $116.00 per share. The shares have been rated Buy. The rating by Buckingham Research was issued on Sep 26, 2016.

In a different note, On Sep 8, 2016, Morgan Stanley said it Upgrades its rating on Copa Holdings S.A.. In the research note, the firm Raises the price-target to $56.00 per share. The shares have been rated ‘Overweight’ by the firm. On Aug 16, 2016, JP Morgan said it Maintains its rating on Copa Holdings S.A.. In the research note, the firm Raises the price-target to $59.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 5, 2016, Goldman Sachs said it Maintains its rating on Copa Holdings S.A.. In the research note, the firm Raises the price-target to $62.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 5, 2016, HSBC said it Downgrades its rating on Copa Holdings S.A.. The shares have been rated ‘Hold’ by the firm. On Aug 4, 2016, Citigroup said it Upgrades its rating on Copa Holdings S.A.. In the research note, the firm Raises the price-target to $68.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 20, 2016, Deutsche Bank said it Upgrades its rating on Copa Holdings S.A.. The shares have been rated ‘Hold’ by the firm.

Copa Holdings S.A. (CPA) shares turned negative on Thursdays trading session with the shares closing down -1.13 points or -1.27% at a volume of 5,28,413. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $90.25. The peak price level was also seen at $90.25 while the days lowest was $87.06. Finally the shares closed at $87.83. The 52-week high of the shares is $90.34 while the 52-week low is $39.03. According to the latest information available, the market cap of the company is $3,693 M.

Copa Holdings S.A.(CPA) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $494.45M. Analysts had an estimated revenue of $489.13M. Earnings per share were $0.51. Analysts had estimated an EPS of $0.32.

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.

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