Goldman Sachs Believes CPA Won’t Stop HereBy Austin Angelo
According to TipRanks.com, Prado is a 1-star analyst with an average return of -8.1% and a 40.0% success rate. Prado covers the Services sector, focusing on stocks such as Grupo Aeroportuario del Sureste, Grupo Aeroportuario Del Centro, and LATAM Airlines.
Currently, the analyst consensus on Copa Holdings is Moderate Buy and the average price target is $97.50, representing a 9.6% upside.
In a report issued on November 9, Deutsche Bank also upgraded the stock to Buy with a $105 price target.
Based on Copa Holdings’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $569 million and quarterly net profit of $74.02 million. In comparison, last year the company earned revenue of $547 million and had a net profit of $6.21 million.
Copa Holdings SA is engaged in the provision of air transportation. It involves in an airline operation which provides passenger and cargo services through the Copa Airlines and Copa Colombia principal operating subsidiaries. The company offers international flights to Costa Rica, Jamaica, Colombia and other cities. Copa Holdings was founded on May 6, 1998 and is headquartered in Panama.