Copa Holdings, S.A. (NYSE:CPA) Receives $153.29 Consensus Price Target from Analysts

Copa Holdings, S.A. (NYSE:CPA) has been assigned a consensus recommendation of “Buy” from the eight research firms that are currently covering the company, MarketBeat.com reports. Seven 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 target price among brokers that have updated their coverage on the stock in the last year is $153.29.

Several research firms have recently issued reports on CPA. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. UBS Group upped their price target on shares of Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Finally, Cowen reissued a “buy” rating on shares of Copa in a research report on Tuesday, February 18th.

Copa Price Performance

CPA stock opened at $95.40 on Thursday. The company has a market cap of $4.01 billion, a PE ratio of 6.55, a price-to-earnings-growth ratio of 0.87 and a beta of 1.42. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average price of $93.34 and a two-hundred day moving average price of $93.30. Copa has a 12-month low of $80.01 and a 12-month high of $114.00.

Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 earnings per share 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%. As a group, research analysts predict that Copa will post 15.48 EPS for the current year.

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $1.61 dividend. The ex-dividend date was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a yield of 6.75%. Copa’s payout ratio is currently 44.23%.

Institutional Trading of Copa

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bell Investment Advisors Inc grew its stake in Copa by 29.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 143 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Copa during the 3rd quarter valued at approximately $82,000. EverSource Wealth Advisors LLC grew its position in shares of Copa by 147.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company’s stock worth $87,000 after buying an additional 591 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Copa in the fourth quarter worth $225,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in Copa by 24.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company’s stock valued at $236,000 after acquiring an additional 521 shares in the last quarter. 70.09% of the stock is owned by hedge funds and other institutional investors.

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.