Copa (NYSE:CPA) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Copa (NYSE:CPA) from a buy rating to a hold rating in a research note released on Saturday morning.

Separately, UBS Group increased their price target 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. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $153.29.

Copa Trading Down 0.5 %

NYSE CPA opened at $91.49 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 1.09. Copa has a one year low of $80.01 and a one year high of $114.00. The company has a 50-day simple moving average of $90.50 and a 200-day simple moving average of $92.20. The firm has a market capitalization of $3.85 billion, a PE ratio of 6.05, a price-to-earnings-growth ratio of 0.68 and a beta of 1.44.

Copa (NYSE:CPA) last issued its quarterly earnings results on Wednesday, November 20th. The transportation company reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.48 by $0.02. The company had revenue of $854.71 million during the quarter, compared to the consensus estimate of $864.90 million. Copa had a net margin of 18.20% and a return on equity of 28.46%. Copa’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $4.39 EPS. On average, equities analysts forecast that Copa will post 14.44 earnings per share for the current year.

Copa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a yield of 7.04%. The ex-dividend date of this dividend was Monday, December 2nd. Copa’s payout ratio is 42.59%.

Institutional Trading of Copa

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in Copa during the 3rd quarter worth $9,764,000. CWA Asset Management Group LLC bought a new stake in Copa during the 3rd quarter worth approximately $611,000. Aptus Capital Advisors LLC grew its stake in shares of Copa by 15.5% in the third quarter. Aptus Capital Advisors LLC now owns 37,742 shares of the transportation company’s stock worth $3,542,000 after purchasing an additional 5,054 shares during the last quarter. Fourth Sail Capital LP raised its position in shares of Copa by 45.0% during the third quarter. Fourth Sail Capital LP now owns 156,985 shares of the transportation company’s stock worth $14,731,000 after acquiring an additional 48,692 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its position in shares of Copa by 7,848.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 418,588 shares of the transportation company’s stock worth $39,280,000 after purchasing an additional 413,322 shares during the period. 70.09% of the stock is owned by 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.