Copa Holdings, S.A. (NYSE:CPA) Receives $166.30 Average Target Price from Analysts

Copa Holdings, S.A. (NYSE:CPA) has been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $166.30.

Several research firms recently issued reports on CPA. Evercore reiterated an “outperform” rating and set a $185.00 price target on shares of Copa in a research report on Friday, February 13th. JPMorgan Chase & Co. cut their target price on Copa from $170.00 to $165.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th. Citigroup reduced their target price on Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Bank of America decreased their price target on Copa from $212.00 to $171.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Copa in a report on Wednesday, January 21st.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Copa by 1,361,326.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 258,671 shares of the transportation company’s stock worth $31,198,000 after buying an additional 258,652 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of Copa by 428.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 258,251 shares of the transportation company’s stock valued at $31,148,000 after acquiring an additional 209,381 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Copa during the 4th quarter valued at $18,813,000. Clark Capital Management Group Inc. boosted its holdings in shares of Copa by 35.2% during the 3rd quarter. Clark Capital Management Group Inc. now owns 550,805 shares of the transportation company’s stock valued at $65,447,000 after acquiring an additional 143,497 shares in the last quarter. Finally, Two Sigma Investments LP grew its position in Copa by 153.5% during the 3rd quarter. Two Sigma Investments LP now owns 229,076 shares of the transportation company’s stock worth $27,219,000 after acquiring an additional 138,700 shares during the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Stock Up 3.9%

CPA stock opened at $118.03 on Monday. Copa has a 52 week low of $82.54 and a 52 week high of $156.41. The business has a 50-day simple moving average of $131.79 and a 200 day simple moving average of $126.00. The company has a quick ratio of 1.20, a current ratio of 1.31 and a debt-to-equity ratio of 0.65. The company has a market cap of $4.86 billion, a PE ratio of 7.25, a price-to-earnings-growth ratio of 0.89 and a beta of 1.01.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, February 11th. The transportation company reported $4.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.44 by $0.02. The firm had revenue of $962.89 million for the quarter, compared to the consensus estimate of $959.22 million. Copa had a net margin of 18.57% and a return on equity of 25.62%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.99 earnings per share. Sell-side analysts anticipate that Copa will post 15.48 EPS for the current fiscal year.

Copa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a $1.71 dividend. This is a boost from Copa’s previous quarterly dividend of $1.61. This represents a $6.84 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date was Friday, February 27th. Copa’s dividend payout ratio (DPR) is presently 42.04%.

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.