Brokerages Set Copa Holdings, S.A. (NYSE:CPA) Price Target at $148.83

Copa Holdings, S.A. (NYSE:CPA) has received a consensus rating of “Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $148.83.

CPA has been the subject of a number of recent research reports. Evercore ISI reduced their price target on shares of Copa from $165.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Copa from $145.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. cut their price target on Copa from $180.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. TD Cowen decreased their price objective on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, June 19th.

Institutional Trading of Copa

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC lifted its position in shares of Copa by 2.4% in the fourth quarter. Hsbc Holdings PLC now owns 78,135 shares of the transportation company’s stock valued at $8,321,000 after acquiring an additional 1,799 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Copa by 45.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,858 shares of the transportation company’s stock worth $198,000 after buying an additional 584 shares in the last quarter. TFO Wealth Partners LLC raised its position in shares of Copa by 34,300.0% in the fourth quarter. TFO Wealth Partners LLC now owns 344 shares of the transportation company’s stock valued at $37,000 after buying an additional 343 shares during the last quarter. Letko Brosseau & Associates Inc. lifted its stake in shares of Copa by 0.4% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 192,175 shares of the transportation company’s stock worth $20,430,000 after buying an additional 725 shares in the last quarter. Finally, Banco BTG Pactual S.A. boosted its position in Copa by 66.8% during the fourth quarter. Banco BTG Pactual S.A. now owns 63,046 shares of the transportation company’s stock worth $6,757,000 after acquiring an additional 25,246 shares during the last quarter. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Copa Stock Down 1.7 %

CPA stock opened at $93.82 on Thursday. The stock has a market capitalization of $3.70 billion, a PE ratio of 6.75, a price-to-earnings-growth ratio of 0.57 and a beta of 1.48. Copa has a 52 week low of $78.12 and a 52 week high of $114.00. The company has a quick ratio of 0.89, a current ratio of 0.98 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average of $89.46 and a 200 day moving average of $95.71.

Copa (NYSE:CPA) last issued its earnings results on Wednesday, August 7th. The transportation company reported $2.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.11. Copa had a return on equity of 30.81% and a net margin of 19.31%. The company had revenue of $819.40 million during the quarter, compared to analyst estimates of $838.13 million. During the same quarter last year, the business posted $3.92 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. Sell-side analysts forecast that Copa will post 14.53 earnings per share for the current year.

Copa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $1.61 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $6.44 dividend on an annualized basis and a yield of 6.86%. Copa’s dividend payout ratio is currently 46.33%.

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.