Copa Holdings, S.A. (NYSE:CPA) Given Average Recommendation of “Buy” by Brokerages

Copa Holdings, S.A. (NYSE:CPA) has been given a consensus rating of “Buy” by the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Seven research 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 analysts that have updated their coverage on the stock in the last year is $153.29.

Several equities research analysts have recently commented on the company. UBS Group upped their price target on Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Cowen reissued a “buy” rating on shares of Copa in a research note on Tuesday, February 18th. Finally, StockNews.com cut shares of Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th.

Hedge Funds Weigh In On Copa

A number of institutional investors and hedge funds have recently made changes to their positions in CPA. Total Wealth Planning & Management Inc. acquired a new stake in shares of Copa in the fourth quarter valued at about $244,000. Mackenzie Financial Corp lifted its position in shares of Copa by 342.4% during the 4th quarter. Mackenzie Financial Corp now owns 11,900 shares of the transportation company’s stock valued at $1,046,000 after acquiring an additional 9,210 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Copa by 45.4% during the 4th quarter. Two Sigma Advisers LP now owns 186,900 shares of the transportation company’s stock worth $16,425,000 after acquiring an additional 58,395 shares in the last quarter. Silvercrest Asset Management Group LLC grew its holdings in shares of Copa by 1.1% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 16,060 shares of the transportation company’s stock worth $1,411,000 after acquiring an additional 169 shares during the period. Finally, Quantinno Capital Management LP increased its stake in Copa by 8.4% in the 4th quarter. Quantinno Capital Management LP now owns 5,658 shares of the transportation company’s stock valued at $497,000 after purchasing an additional 439 shares in the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.

Copa Trading Up 2.9 %

NYSE CPA opened at $87.09 on Monday. Copa has a one year low of $80.01 and a one year high of $114.00. The firm has a market cap of $3.66 billion, a PE ratio of 5.98, a P/E/G ratio of 0.87 and a beta of 1.11. The firm’s fifty day moving average is $92.55 and its two-hundred day moving average is $93.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10.

Copa (NYSE:CPA) last issued its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.84 by $0.15. Copa had a return on equity of 26.70% and a net margin of 17.67%. Analysts expect that Copa will post 15.48 earnings per share for the current year.

Copa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 7.39%. The ex-dividend date of this dividend was Friday, February 28th. Copa’s dividend payout ratio (DPR) is currently 44.23%.

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.