Copa Holdings, S.A. (NYSE:CPA) Given Average Recommendation of “Buy” by Brokerages

Shares of Copa Holdings, S.A. (NYSE:CPA) have been given a consensus recommendation of “Buy” by the six brokerages that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $148.83.

Several research analysts have recently commented on the stock. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. lowered their target price on shares of Copa from $180.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th.

Copa Stock Performance

Shares of CPA opened at $87.56 on Tuesday. The company’s fifty day moving average is $96.43 and its 200-day moving average is $93.57. Copa has a 12 month low of $80.01 and a 12 month high of $114.00. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 5.79, a price-to-earnings-growth ratio of 0.72 and a beta of 1.45. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.56.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, November 20th. The transportation company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.48 by $0.02. Copa had a net margin of 18.20% and a return on equity of 28.46%. The company had revenue of $854.71 million for the quarter, compared to analyst estimates of $864.90 million. During the same quarter in the prior year, the business posted $4.39 EPS. Copa’s quarterly revenue was down 1.5% on a year-over-year basis. Equities analysts expect that Copa will post 14.48 EPS for the current fiscal year.

Copa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were given a $1.61 dividend. The ex-dividend date was Monday, December 2nd. This represents a $6.44 annualized dividend and a yield of 7.35%. Copa’s dividend payout ratio is 42.59%.

Institutional Trading of Copa

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bell Investment Advisors Inc grew its position in Copa by 29.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock worth $59,000 after purchasing an additional 143 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Copa in the 3rd quarter worth $82,000. Rhumbline Advisers grew its position in Copa by 69,000.0% in the 2nd quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock worth $132,000 after purchasing an additional 1,380 shares during the last quarter. Optimist Retirement Group LLC acquired a new stake in Copa in the 3rd quarter worth $240,000. Finally, Mackenzie Financial Corp grew its position in Copa by 29.3% in the 2nd quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock worth $256,000 after purchasing an additional 610 shares during the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 375 daily scheduled flights to 82 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2023, it operated a fleet of 106 aircraft comprising 76 Boeing 737-Next Generation aircraft, 29 Boeing 737 MAX 9 aircraft, and one Boeing 737-800 Boeing Converted Freighter.