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

Shares of Copa Holdings, S.A. (NYSE:CPA) have been assigned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $153.29.

Several equities analysts have weighed in on CPA shares. StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. UBS Group upped their target price on shares of Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday.

Copa Stock Performance

NYSE:CPA opened at $87.36 on Friday. Copa has a fifty-two week low of $80.01 and a fifty-two week high of $114.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 1.09. The company has a 50 day moving average price of $92.44 and a 200 day moving average price of $92.44. The stock has a market capitalization of $3.44 billion, a P/E ratio of 5.78, a PEG ratio of 0.72 and a beta of 1.44.

Copa (NYSE:CPA) last released its quarterly earnings results on Wednesday, November 20th. The transportation company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.48 by $0.02. The business had revenue of $854.71 million during the quarter, compared to analyst estimates of $864.90 million. Copa had a return on equity of 28.46% and a net margin of 18.20%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the business posted $4.39 earnings per share. Equities research analysts forecast that Copa will post 14.48 EPS for the current year.

Copa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders 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 7.37%. The ex-dividend date of this dividend was Monday, December 2nd. Copa’s dividend payout ratio (DPR) is presently 42.59%.

Institutional Investors Weigh In On Copa

Hedge funds and other institutional investors have recently modified their holdings of the company. Bell Investment Advisors Inc grew its stake in shares of Copa by 29.6% during the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock worth $59,000 after purchasing an additional 143 shares in the last quarter. Carson Advisory Inc. increased its holdings in shares of Copa by 9.1% in the 2nd quarter. Carson Advisory Inc. now owns 3,696 shares of the transportation company’s stock valued at $352,000 after acquiring an additional 308 shares during the last quarter. Legend Financial Advisors Inc. raised its position in shares of Copa by 5.6% during the 4th quarter. Legend Financial Advisors Inc. now owns 7,692 shares of the transportation company’s stock worth $676,000 after acquiring an additional 406 shares in the last quarter. Quantinno Capital Management LP lifted its stake in Copa by 10.3% during the third quarter. Quantinno Capital Management LP now owns 5,219 shares of the transportation company’s stock worth $490,000 after purchasing an additional 488 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Copa by 15.1% in the second quarter. Bank of New York Mellon Corp now owns 4,336 shares of the transportation company’s stock valued at $413,000 after purchasing an additional 569 shares in the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.

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.