Analysts Set Copa Holdings, S.A. (NYSE:CPA) PT at $148.83

Copa Holdings, S.A. (NYSE:CPA) has received an average rating of “Buy” from the six research firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $148.83.

CPA has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. TD Cowen cut their price target on shares of Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. lowered their target price on Copa from $180.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Evercore ISI reduced their price target on Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CPA. Nomura Holdings Inc. bought a new stake in shares of Copa during the 4th quarter valued at about $202,000. Signet Financial Management LLC purchased a new position in shares of Copa during the 1st quarter worth approximately $332,000. Deltec Asset Management LLC raised its position in shares of Copa by 38.9% in the 1st quarter. Deltec Asset Management LLC now owns 116,071 shares of the transportation company’s stock worth $12,090,000 after acquiring an additional 32,526 shares in the last quarter. Hexagon Capital Partners LLC raised its position in shares of Copa by 15.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 776 shares of the transportation company’s stock worth $81,000 after acquiring an additional 102 shares in the last quarter. Finally, SpiderRock Advisors LLC purchased a new position in shares of Copa in the 1st quarter valued at approximately $533,000. 70.09% of the stock is owned by hedge funds and other institutional investors.

Copa Trading Down 0.5 %

Shares of CPA stock opened at $100.32 on Monday. The business has a 50-day moving average price of $92.99 and a two-hundred day moving average price of $94.96. Copa has a 12-month low of $78.12 and a 12-month high of $114.00. The company has a quick ratio of 0.89, a current ratio of 0.98 and a debt-to-equity ratio of 0.56. The firm has a market cap of $3.95 billion, a P/E ratio of 7.22, a price-to-earnings-growth ratio of 0.59 and a beta of 1.49.

Copa (NYSE:CPA) last released its earnings results on Wednesday, August 7th. The transportation company reported $2.88 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.11. Copa had a return on equity of 30.81% and a net margin of 19.31%. The company had revenue of $819.40 million during the quarter, compared to the consensus estimate of $838.13 million. During the same quarter in the previous year, the company posted $3.92 EPS. Copa’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities analysts anticipate that Copa will post 14.56 EPS for the current fiscal year.

Copa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date was Friday, August 30th. Copa’s payout ratio is 46.33%.

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.