Is Copa Holdings, S.A. (CPA) a Buy? The Stock Reaches 52-Week High Today

November 21, 2017 - By Marie Mckinney

The stock of Copa Holdings, S.A. (NYSE:CPA) hit a new 52-week high and has $142.40 target or 3.00 % above today’s $138.25 share price. The 7 months bullish chart indicates low risk for the $5.82 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $142.40 price target is reached, the company will be worth $174.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 119,658 shares traded. Copa Holdings, S.A. (NYSE:CPA) has risen 101.96% since November 21, 2016 and is uptrending. It has outperformed by 85.26% the S&P500.

Analysts await Copa Holdings, S.A. (NYSE:CPA) to report earnings on February, 21. They expect $2.31 earnings per share, up 62.68 % or $0.89 from last year’s $1.42 per share. CPA’s profit will be $97.25 million for 14.94 P/E if the $2.31 EPS becomes a reality. After $2.38 actual earnings per share reported by Copa Holdings, S.A. for the previous quarter, Wall Street now forecasts -2.94 % negative EPS growth.

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

Among 15 analysts covering Copa Holdings SA (NYSE:CPA), 8 have Buy rating, 1 Sell and 6 Hold. Therefore 53% are positive. Copa Holdings SA has $155.0 highest and $55 lowest target. $92.55’s average target is -33.06% below currents $138.25 stock price. Copa Holdings SA had 45 analyst reports since August 4, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the shares of CPA in report on Friday, August 11 with “Hold” rating. The company was upgraded on Wednesday, November 16 by Goldman Sachs. The rating was downgraded by Wolfe Research to “Underperform” on Friday, June 10. The stock of Copa Holdings, S.A. (NYSE:CPA) earned “Buy” rating by Deutsche Bank on Tuesday, September 1. The stock of Copa Holdings, S.A. (NYSE:CPA) earned “Buy” rating by Citigroup on Thursday, August 4. The firm has “Neutral” rating by Credit Suisse given on Friday, May 6. Deutsche Bank upgraded Copa Holdings, S.A. (NYSE:CPA) on Wednesday, July 20 to “Hold” rating. The rating was maintained by Cowen & Co on Friday, November 10 with “Market Perform”. The rating was downgraded by Cowen & Co to “Market Perform” on Monday, August 17. Bank of America upgraded the stock to “Buy” rating in Monday, July 11 report.

More recent Copa Holdings, S.A. (NYSE:CPA) news were published by: Fool.com which released: “Passenger demand keeps rising” on November 16, 2017. Also Nasdaq.com published the news titled: “How To YieldBoost Copa Holdings To 12.1% Using Options” on November 06, 2017. Prnewswire.com‘s news article titled: “Copa Holdings Reports Net Income of $103.8 million and EPS of $2.45 for the …” with publication date: November 08, 2017 was also an interesting one.

Copa Holdings, S.A. is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. The company has market cap of $5.82 billion. A. and AeroRepublica, S. It has a 17.81 P/E ratio. A. (Copa Colombia).

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