Copa (CPA) Receiving Somewhat Positive News Coverage, Report Finds
Media coverage about Copa (NYSE:CPA) has been trending somewhat positive on Tuesday, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Copa earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave media coverage about the transportation company an impact score of 46.512126038471 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Hot Stock Listing: ResMed Inc. (RMD), Copa Holdings, SA (CPA) (newsregistrar.com)
- Analysts Anticipate Copa Holdings, S.A. (CPA) Will Post Quarterly Sales of $709.45 Million (americanbankingnews.com)
- Copa Holdings’ (CPA) July Traffic and Load Factor Improve (zacks.com)
- Copa Holdings reports Q2 2018 USD 49.9m in net income (financial-news.co.uk)
- Airline Stock Roundup: CPA's Dismal Q2 Earnings, ALK's Bizarre Incident & More (finance.yahoo.com)
Several equities analysts recently issued reports on the company. Cowen decreased their target price on Copa from $130.00 to $100.00 and set a “market perform” rating on the stock in a research note on Friday, August 10th. Stifel Nicolaus lowered Copa from a “hold” rating to a “sell” rating and decreased their target price for the stock from $100.00 to $70.00 in a research note on Thursday, August 9th. Buckingham Research lowered Copa from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $165.00 to $103.00 in a research note on Wednesday, July 11th. Goldman Sachs Group assumed coverage on Copa in a research note on Monday, July 16th. They set a “buy” rating and a $144.00 target price on the stock. Finally, Zacks Investment Research lowered Copa from a “hold” rating to a “strong sell” rating in a research note on Monday, July 23rd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Copa presently has a consensus rating of “Hold” and a consensus price target of $117.22.
Copa (NYSE:CPA) last issued its quarterly earnings results on Wednesday, August 8th. The transportation company reported $1.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by ($0.10). Copa had a return on equity of 18.08% and a net margin of 14.58%. The company had revenue of $634.10 million for the quarter, compared to analysts’ expectations of $659.06 million. During the same quarter last year, the company earned $1.48 EPS. Copa’s revenue for the quarter was up 10.5% compared to the same quarter last year. research analysts expect that Copa will post 8.7 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be issued a dividend of $0.87 per share. The ex-dividend date is Thursday, August 30th. This represents a $3.48 annualized dividend and a yield of 4.03%. Copa’s dividend payout ratio (DPR) is 40.18%.
Copa Company Profile
Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 75 destinations in 31 countries in North, Central, and South America, as well as the Caribbean. As of April 12, 2018, it operated a fleet of 101 aircraft comprising 81 Boeing 737NG aircraft and 20 EMBRAER-190s aircraft.
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