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

Shares of Copa Holdings, S.A. (NYSE:CPA) have been given an average rating of “Buy” by the four ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $154.67.

Several research firms have recently commented on CPA. Evercore ISI upped their target price on Copa from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, May 17th. TD Cowen dropped their price target on Copa from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Tuesday, June 18th. Raymond James increased their price target on Copa from $165.00 to $168.00 and gave the stock a “strong-buy” rating in a research report on Friday, May 17th. StockNews.com cut Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th. Finally, Morgan Stanley initiated coverage on Copa in a research report on Friday, May 24th. They set an “overweight” rating and a $140.00 price target on the stock.

Copa Stock Down 0.0 %

Shares of Copa stock opened at $94.13 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.58. The firm has a market cap of $3.71 billion, a P/E ratio of 6.77, a P/E/G ratio of 0.21 and a beta of 1.48. Copa has a fifty-two week low of $78.12 and a fifty-two week high of $121.20. The business has a 50-day moving average price of $99.77 and a 200 day moving average price of $100.21.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, May 15th. The transportation company reported $4.19 earnings per share for the quarter, beating the consensus estimate of $3.27 by $0.92. The firm had revenue of $893.47 million during the quarter, compared to analyst estimates of $866.73 million. Copa had a return on equity of 36.59% and a net margin of 16.42%. Copa’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.99 earnings per share. On average, sell-side analysts forecast that Copa will post 16.66 earnings per share for the current fiscal year.

Copa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 6.84%. The ex-dividend date was Friday, May 31st. Copa’s dividend payout ratio is currently 46.33%.

Institutional Trading of Copa

Large investors have recently added to or reduced their stakes in the business. TFO Wealth Partners LLC increased its position in Copa by 34,300.0% in the 4th quarter. TFO Wealth Partners LLC now owns 344 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 343 shares during the period. Scarborough Advisors LLC bought a new position in Copa during the 4th quarter valued at $47,000. Hexagon Capital Partners LLC boosted its stake in Copa by 224.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 674 shares of the transportation company’s stock valued at $72,000 after purchasing an additional 466 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Copa by 1,778.4% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 958 shares of the transportation company’s stock valued at $103,000 after purchasing an additional 907 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in Copa by 45.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,858 shares of the transportation company’s stock valued at $198,000 after purchasing an additional 584 shares in the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Copa Company Profile

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 327 daily scheduled flights to 78 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2022, it operated a fleet of 97 aircraft comprising 67 Boeing 737-800 Next Generation aircraft, 9 Boeing 737-700 Next Generation aircraft, 1 Boeing 737-800 Boeing Converted Freighter, and 20 737-MAX aircraft.