UBS Group Issues Positive Forecast for Copa (NYSE:CPA) Stock Price

Copa (NYSE:CPA) had its price objective upped by UBS Group from $160.00 to $180.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

Separately, StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Copa has a consensus rating of “Buy” and a consensus target price of $153.29.

Copa Stock Up 2.0 %

CPA stock opened at $90.28 on Tuesday. The firm has a market cap of $3.56 billion, a PE ratio of 5.97, a PEG ratio of 0.72 and a beta of 1.44. Copa has a one year low of $80.01 and a one year high of $114.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 1.09. The firm’s 50 day moving average price is $92.79 and its 200-day moving average price is $92.48.

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

Copa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a dividend of $1.61 per share. The ex-dividend date was Monday, December 2nd. This represents a $6.44 annualized dividend and a dividend yield of 7.13%. Copa’s dividend payout ratio is presently 42.59%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CPA. Bell Investment Advisors Inc boosted 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 valued at $59,000 after buying an additional 143 shares during the period. Point72 Hong Kong Ltd purchased a new position in Copa in the third quarter valued at $82,000. Rhumbline Advisers grew its stake in Copa by 69,000.0% during 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 in the last quarter. Optimist Retirement Group LLC purchased a new stake in Copa during the 3rd quarter worth about $240,000. Finally, Mackenzie Financial Corp raised 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 valued at $256,000 after purchasing an additional 610 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

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.