Dahlman Rose Upgrades Copa Holdings (CPA) to Buy; 2011 and 2012 Outlook
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Price: $101.68 +1.74%
Rating Summary:
17 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
17 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Dahlman Rose upgraded Copa Holdings (NYSE: CPA) from Hold to Buy.
Dahlman analyst says, "Copa is projecting ~20% capacity growth in 2011 and ~16% traffic growth. Pricing is strong and expected to remain strong as the airline had no push-back from its customers as it raised fares during the first quarter. Management is projecting a full year operating margin of 18%-20%; the 1Q11 margin was 24%. We are estimating 2011 EPS of $5.66 ex items, up from our prior estimate of $3.82. Our preliminary 2012 EPS estimate is $6.40."
For more ratings news on Copa Holdings click here and for the rating history of Copa Holdings click here.
Shares of Copa Holdings closed at $61.91 yesterday.
Dahlman analyst says, "Copa is projecting ~20% capacity growth in 2011 and ~16% traffic growth. Pricing is strong and expected to remain strong as the airline had no push-back from its customers as it raised fares during the first quarter. Management is projecting a full year operating margin of 18%-20%; the 1Q11 margin was 24%. We are estimating 2011 EPS of $5.66 ex items, up from our prior estimate of $3.82. Our preliminary 2012 EPS estimate is $6.40."
For more ratings news on Copa Holdings click here and for the rating history of Copa Holdings click here.
Shares of Copa Holdings closed at $61.91 yesterday.
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