Copa Holdings, S.A. (NYSE:CPA) Receives $148.83 Average Price Target from Analysts

Shares of Copa Holdings, S.A. (NYSE:CPA) have received a consensus rating of “Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $148.83.

Separately, StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a report on Monday, November 25th.

Copa Stock Up 2.9 %

NYSE:CPA opened at $88.60 on Friday. The stock’s fifty day simple moving average is $92.93 and its 200-day simple moving average is $92.51. The firm has a market capitalization of $3.49 billion, a P/E ratio of 5.86, a P/E/G ratio of 0.72 and a beta of 1.44. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. Copa has a 12-month low of $80.01 and a 12-month high of $114.00.

Copa (NYSE:CPA) last posted its earnings results on Wednesday, November 20th. The transportation company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.02. The company 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 revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $4.39 EPS. Equities research analysts expect that Copa will post 14.48 earnings per share 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 paid a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 7.27%. The ex-dividend date was Monday, December 2nd. Copa’s dividend payout ratio is 42.59%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CPA. Public Employees Retirement System of Ohio bought a new stake in shares of Copa in the 3rd quarter valued at about $9,764,000. CWA Asset Management Group LLC bought a new stake in Copa in the third quarter valued at approximately $611,000. Aptus Capital Advisors LLC lifted its position in shares of Copa by 15.5% in the third quarter. Aptus Capital Advisors LLC now owns 37,742 shares of the transportation company’s stock valued at $3,542,000 after buying an additional 5,054 shares during the last quarter. Fourth Sail Capital LP boosted its stake in shares of Copa by 45.0% during the 3rd quarter. Fourth Sail Capital LP now owns 156,985 shares of the transportation company’s stock worth $14,731,000 after acquiring an additional 48,692 shares during the period. Finally, Vontobel Holding Ltd. boosted its stake in shares of Copa by 7,848.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 418,588 shares of the transportation company’s stock worth $39,280,000 after acquiring an additional 413,322 shares during the period. Institutional investors own 70.09% of the company’s stock.

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.