Copa Holdings, S.A. (NYSE:CPA) Receives $153.29 Average PT from Analysts

Shares of Copa Holdings, S.A. (NYSE:CPA) have received a consensus rating of “Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Seven 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 target price among brokers that have issued ratings on the stock in the last year is $153.29.

CPA has been the topic of a number of research reports. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. UBS Group increased their price objective on Copa from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, Cowen reaffirmed a “buy” rating on shares of Copa in a report on Tuesday, February 18th.

Institutional Investors Weigh In On Copa

Large investors have recently added to or reduced their stakes in the business. Bell Investment Advisors Inc boosted its holdings in shares of Copa by 29.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock worth $59,000 after buying an additional 143 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Copa during the 3rd quarter worth approximately $82,000. EverSource Wealth Advisors LLC increased its holdings 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 valued at $87,000 after acquiring an additional 591 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Copa during the fourth quarter worth approximately $225,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Copa by 24.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company’s stock worth $236,000 after purchasing an additional 521 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Stock Down 0.3 %

Shares of CPA opened at $95.89 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10. Copa has a 52 week low of $80.01 and a 52 week high of $114.00. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 6.59, a PEG ratio of 0.87 and a beta of 1.42. The stock has a fifty day moving average of $93.51 and a 200-day moving average of $93.37.

Copa (NYSE:CPA) last posted its earnings results on Wednesday, February 12th. The transportation company reported $3.99 EPS 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, sell-side analysts anticipate that Copa will post 15.48 earnings per share for the current fiscal year.

Copa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date of this dividend was Friday, February 28th. Copa’s dividend payout ratio is 44.23%.

Copa Company Profile

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.