Copa Holdings, S.A. (NYSE:CPA) Receives $153.29 Average PT from Brokerages

Shares of Copa Holdings, S.A. (NYSE:CPA) have earned an average rating of “Buy” from the eight analysts that are currently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $153.29.

A number of research analysts have recently issued reports on CPA shares. StockNews.com downgraded shares of Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. UBS Group increased their price objective on shares of Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Finally, Cowen reissued a “buy” rating on shares of Copa in a report on Tuesday, February 18th.

Institutional Trading of Copa

Institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Copa during the third quarter valued at approximately $9,764,000. CWA Asset Management Group LLC acquired a new position in shares of Copa during the 3rd quarter valued at $611,000. Aptus Capital Advisors LLC increased its position in shares of Copa by 15.5% during the 3rd quarter. Aptus Capital Advisors LLC now owns 37,742 shares of the transportation company’s stock valued at $3,542,000 after purchasing an additional 5,054 shares during the period. Fourth Sail Capital LP raised its stake in shares of Copa by 45.0% in the 3rd quarter. Fourth Sail Capital LP now owns 156,985 shares of the transportation company’s stock worth $14,731,000 after buying an additional 48,692 shares in the last quarter. Finally, TT International Asset Management LTD acquired a new stake in shares of Copa in the third quarter valued at $4,723,000. 70.09% of the stock is owned by institutional investors and hedge funds.

Copa Stock Up 0.2 %

Shares of Copa stock opened at $92.84 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $91.49 and a 200 day moving average price of $92.84. Copa has a fifty-two week low of $80.01 and a fifty-two week high of $114.00. The firm has a market cap of $3.90 billion, a P/E ratio of 6.38, a P/E/G ratio of 0.87 and a beta of 1.44.

Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.84 by $0.15. Copa had a return on equity of 26.70% and a net margin of 17.67%. On average, sell-side analysts forecast that Copa will post 15.48 earnings per share for the current fiscal year.

Copa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.61 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $6.44 annualized dividend and a yield of 6.94%. Copa’s payout ratio is 44.23%.

Copa Company Profile

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.