Copa (NYSE:CPA) Trading Down 0.2%

Copa Holdings, S.A. (NYSE:CPA) shares fell 0.2% during mid-day trading on Monday . The stock traded as low as $88.64 and last traded at $88.77. 25,346 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 273,950 shares. The stock had previously closed at $88.96.

Analyst Ratings Changes

Several analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Copa from $180.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. StockNews.com cut shares of Copa from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th. TD Cowen dropped their price objective on shares of Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft reduced their target price on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Evercore ISI dropped their price target on Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $148.83.

Copa Price Performance

The company has a debt-to-equity ratio of 0.56, a current ratio of 0.98 and a quick ratio of 0.89. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 6.39, a PEG ratio of 0.55 and a beta of 1.48. The business’s fifty day moving average price is $89.87 and its 200-day moving average price is $96.36.

Copa (NYSE:CPA) last released its quarterly earnings results on Wednesday, August 7th. The transportation company reported $2.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.11. The business had revenue of $819.40 million during the quarter, compared to the consensus estimate of $838.13 million. Copa had a return on equity of 30.81% and a net margin of 19.31%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.92 EPS. On average, research analysts forecast that Copa Holdings, S.A. will post 14.53 EPS for the current year.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 7.14%. The ex-dividend date was Friday, August 30th. Copa’s payout ratio is currently 46.33%.

Institutional Trading of Copa

Several institutional investors and hedge funds have recently made changes to their positions in CPA. TFO Wealth Partners LLC grew 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 worth $37,000 after purchasing an additional 343 shares in the last quarter. Scarborough Advisors LLC bought a new position in shares of Copa in the fourth quarter valued at approximately $47,000. Hexagon Capital Partners LLC grew its holdings in shares of Copa by 15.1% in the first quarter. Hexagon Capital Partners LLC now owns 776 shares of the transportation company’s stock valued at $81,000 after acquiring an additional 102 shares in the last quarter. Rhumbline Advisers increased its position in shares of Copa by 69,000.0% during the second quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock valued at $132,000 after acquiring an additional 1,380 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in shares of 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 during the last quarter. Hedge funds and other institutional investors 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 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.