HSBC Downgrades Copa Holdings S.A. to Hold

Brokerage firm HSBC Downgrades its rating on Copa Holdings S.A.(NYSE:CPA). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by HSBC was issued on Aug 5, 2016.

In a different note, 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. On Jul 19, 2016, Buckingham Research said it Upgrades its rating on Copa Holdings S.A.. The shares have been rated ‘Buy’ by the firm. On Jul 11, 2016, Bank of America said it Upgrades its rating on Copa Holdings S.A.. The shares have been rated ‘Buy’ by the firm. On Jun 10, 2016, Wolfe Research said it Downgrades its rating on Copa Holdings S.A.. The shares have been rated ‘Underperform’ by the firm. On May 16, 2016, JP Morgan said it Maintains its rating on Copa Holdings S.A.. In the research note, the firm Lowers the price-target to $68.00 per share. The shares have been rated ‘Neutral’ by the firm.

Copa Holdings S.A. (CPA) made into the market gainers list on Wednesdays trading session with the shares advancing 0.35% or 0.29 points. Due to strong positive momentum, the stock ended at $83.74, which is also near the day’s high of $84.48. The stock began the session at $82.58 and the volume stood at 9,65,264 shares. The 52-week high of the shares is $85.17 and the 52 week low is $39.03. The company has a current market capitalization of $3,521 M and it has 4,20,49,435 shares in outstanding.

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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