Brokerages Set Copa Holdings, S.A. (NYSE:CPA) Price Target at $156.00

Shares of Copa Holdings, S.A. (NYSE:CPA) have earned an average recommendation of “Buy” from the nine ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $156.00.

Several equities analysts have weighed in on the stock. Wall Street Zen lowered shares of Copa from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Copa in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price objective on Copa from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. Evercore ISI raised their target price on Copa from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Finally, Itau BBA Securities began coverage on Copa in a research note on Sunday, November 30th. They issued a “market perform” rating on the stock.

Copa Stock Up 2.1%

Shares of NYSE:CPA opened at $131.69 on Wednesday. Copa has a 52-week low of $82.54 and a 52-week high of $133.00. The stock has a market cap of $5.42 billion, a P/E ratio of 8.19, a PEG ratio of 1.49 and a beta of 0.92. The business has a fifty day moving average of $122.52 and a two-hundred day moving average of $119.29. The company has a quick ratio of 0.95, a current ratio of 1.06 and a debt-to-equity ratio of 0.61.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, November 19th. The transportation company reported $4.20 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.17. Copa had a net margin of 18.83% and a return on equity of 26.39%. The firm had revenue of $913.15 million for the quarter, compared to analysts’ expectations of $917.51 million. During the same quarter in the previous year, the company posted $3.50 EPS. The company’s revenue was up 6.8% compared to the same quarter last year. On average, research analysts expect that Copa will post 15.48 earnings per share for the current year.

Copa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a $1.61 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $6.44 dividend on an annualized basis and a yield of 4.9%. Copa’s dividend payout ratio is presently 40.05%.

Institutional Investors Weigh In On Copa

A number of institutional investors and hedge funds have recently made changes to their positions in CPA. Fifth Third Bancorp purchased a new position in Copa in the 2nd quarter valued at approximately $25,000. CWM LLC raised its stake in shares of Copa by 408.2% in the third quarter. CWM LLC now owns 249 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. US Bancorp DE boosted its holdings in Copa by 90.2% in the third quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 120 shares during the period. Farther Finance Advisors LLC grew its stake in Copa by 271.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock worth $31,000 after purchasing an additional 190 shares in the last quarter. Finally, Marquette Asset Management LLC purchased a new stake in Copa during the 3rd quarter worth about $36,000. 70.09% of the stock is owned by hedge funds and other institutional investors.

Copa Company Profile

Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.