An interesting stock that came up in some of our conversations today is Copa Holdings, S.A. (NYSE:CPA). At current price of $98.23, the shares have already lost -3.34 points (-3.29% lower) from its previous close of $101.57. Should you buy or avoid them? The stock sets an active trading volume day with a reported 287874 contracts so far this session. CPA shares had a relatively better volume day versus average trading capacity of 339.6 thousand shares, but with a 31.33 million float and a -0.49% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for CPA stock indicates that the average analyst price target is $120.63 per share. This means the stock has a potential increase of 22.8% from where the CPA share price has been trading recently which is between $101.33 and $103.055. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $95.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “LATAM Airlines’ Traffic and Load Factor Increase in August” and dated September 13, 2019.
During the recent trading session for Copa Holdings, S.A. (NYSE:CPA), the company witnessed their stock drop by $-3.05 over a week and tumble down $-2.95 from the price 20 days ago. When compared to their established 52-week high of $113.62, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 08/08/19. The recent low of $67.38 stood for a -13.55% since 10/29/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.33 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Copa Holdings, S.A., the two-week RSI stands at 40.81. This figure suggests that CPA stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current CPA readings is similarly very revealing as it has a stochastic reading of 37.79% at this stage. This figure means that CPA share price today is being neutral.
Technical chart claims that Copa Holdings, S.A. (CPA) would settle between $102.64/share to $103.71/share level. However, if the stock price goes below the $100.92 mark, then the market for Copa Holdings, S.A. becomes much weaker. If that happens, the stock price might even plunge as low as $100.26 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.31. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Evercore ISI raised their recommendation on shares of CPA from In-line to Outperform in their opinion released on August 27. Raymond James analysts bumped their rating on Copa Holdings, S.A. (NYSE:CPA) stock from Mkt Perform to Outperform in a separate flash note issued to investors on August 09. Analysts at Barclays, made their first call for the equity with a Overweight recommendation, according to a research note that dated back to July 29.
CPA equity has an average rating of 1.79, with the figure leaning towards a bullish end. 12 analysts who tracked the company were contacted by Reuters. Amongst them, 4 rated the stock as a hold while the remaining 8 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 8 analysts rated Copa Holdings, S.A. (NYSE:CPA) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, CPA stock price is currently trading at 10.85X forward 12-month Consensus EPS estimates, and its P/E ratio is 17.79 while for the average stock in the same group, the multiple is 10.13. Copa Holdings, S.A. current P/B ratio of 2.27 means it is trading at a premium against its industry’s 1.17.
Copa Holdings, S.A. (CPA)’s current-quarter revenues are projected to climb by nearly 4.4% to hit $702020, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 1.26% from $2.68 billion to a noteworthy $2.71 billion. At the other end of the current quarter income statement, Copa Holdings, S.A. is expected to see its adjusted earnings surge by roughly 83.21% to hit $2.49 per share. For the fiscal year, CPA’s earnings are projected to climb by roughly 22.92% to hit $8.01 per share.