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

Shares of Copa Holdings, S.A. (NYSE:CPA) have earned an average recommendation of “Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $148.83.

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Copa from $180.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. StockNews.com lowered Copa from a “buy” rating to a “hold” rating in a research note on Monday, November 25th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CPA. Bell Investment Advisors Inc lifted its stake in Copa by 29.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 143 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Copa during the third quarter worth $82,000. Rhumbline Advisers lifted its stake in shares of Copa by 69,000.0% in the 2nd quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock valued at $132,000 after acquiring an additional 1,380 shares during the last quarter. Optimist Retirement Group LLC acquired a new stake in shares of Copa during the 3rd quarter valued at $240,000. Finally, Mackenzie Financial Corp grew its position in Copa by 29.3% during the 2nd quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock worth $256,000 after acquiring an additional 610 shares during the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Trading Down 3.7 %

Shares of NYSE:CPA opened at $88.10 on Tuesday. The stock has a market cap of $3.47 billion, a PE ratio of 5.83, a P/E/G ratio of 0.70 and a beta of 1.45. 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. The business has a 50 day moving average of $96.60 and a 200-day moving average of $93.71.

Copa (NYSE:CPA) last posted its quarterly earnings data on Wednesday, November 20th. The transportation company reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.48 by $0.02. The firm had revenue of $854.71 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business earned $4.39 EPS. As a group, equities research analysts forecast that Copa will post 14.48 earnings per share for the current year.

Copa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a dividend of $1.61 per share. The ex-dividend date is Monday, December 2nd. This represents a $6.44 annualized dividend and a dividend yield of 7.31%. Copa’s dividend payout ratio is currently 42.59%.

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.