Copa Holdings, S.A. (NYSE:CPA) Receives $153.29 Average PT from Brokerages

Copa Holdings, S.A. (NYSE:CPA) has been given an average rating of “Buy” by the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $153.29.

Several brokerages have commented on CPA. Cowen restated a “buy” rating on shares of Copa in a research report on Tuesday, February 18th. StockNews.com cut Copa from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, UBS Group upped their price objective on Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th.

Copa Trading Down 0.4 %

CPA stock opened at $94.20 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10. The company’s 50-day simple moving average is $93.20 and its 200 day simple moving average is $93.22. Copa has a 52 week low of $80.01 and a 52 week high of $114.00. The company has a market capitalization of $3.96 billion, a PE ratio of 6.47, a price-to-earnings-growth ratio of 0.87 and a beta of 1.42.

Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.99 EPS for the quarter, beating analysts’ consensus estimates of $3.84 by $0.15. Copa had a return on equity of 26.70% and a net margin of 17.67%. As a group, sell-side analysts anticipate that Copa will post 15.48 earnings per share for the current year.

Copa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.61 dividend. The ex-dividend date was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a yield of 6.84%. Copa’s dividend payout ratio (DPR) is presently 44.23%.

Institutional Investors Weigh In On Copa

Institutional investors have recently added to or reduced their stakes in the business. Bell Investment Advisors Inc grew its position in shares of 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 buying an additional 143 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Copa during the third quarter worth about $82,000. EverSource Wealth Advisors LLC lifted its stake in shares of Copa by 147.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company’s stock worth $87,000 after acquiring an additional 591 shares during the period. Envestnet Asset Management Inc. bought a new stake in Copa in the fourth quarter valued at approximately $225,000. Finally, Steward Partners Investment Advisory LLC increased its position in Copa by 24.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company’s stock valued at $236,000 after purchasing an additional 521 shares during the period. 70.09% of the stock is owned by institutional investors.

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.