Copa Holdings, S.A. (NYSE:CPA) Given Average Recommendation of "Buy" by Analysts

Copa Holdings, S.A. (NYSE:CPA - Get Free Report) has been given an average rating of "Buy" by the eight ratings firms that are presently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $153.29.

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

Institutional Trading of Copa

Several hedge funds and other institutional investors have recently bought and sold shares of CPA. JPMorgan Chase & Co. grew its position in shares of Copa by 0.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,628,609 shares of the transportation company's stock worth $231,002,000 after acquiring an additional 11,300 shares in the last quarter. FMR LLC grew its position in shares of Copa by 18.1% during the 4th quarter. FMR LLC now owns 1,503,772 shares of the transportation company's stock valued at $132,151,000 after buying an additional 230,653 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Copa by 17.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,084,323 shares of the transportation company's stock valued at $95,290,000 after purchasing an additional 159,470 shares during the period. Carrhae Capital LLP increased its position in Copa by 26.3% in the fourth quarter. Carrhae Capital LLP now owns 701,867 shares of the transportation company's stock worth $61,680,000 after buying an additional 145,967 shares during the period. Finally, Brandes Investment Partners LP grew its position in shares of Copa by 8.6% during the fourth quarter. Brandes Investment Partners LP now owns 561,901 shares of the transportation company's stock worth $49,380,000 after acquiring an additional 44,298 shares during the last quarter. 70.09% of the stock is owned by institutional investors.

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Copa Trading Down 1.6 %

NYSE CPA traded down $1.43 during mid-day trading on Monday, hitting $88.01. The company's stock had a trading volume of 197,087 shares, compared to its average volume of 304,916. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.10 and a quick ratio of 0.99. Copa has a 52-week low of $80.01 and a 52-week high of $114.00. The stock's fifty day simple moving average is $92.43 and its two-hundred day simple moving average is $93.18. The firm has a market capitalization of $3.70 billion, a P/E ratio of 6.04, a price-to-earnings-growth ratio of 0.87 and a beta of 1.11.

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

Copa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $1.61 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.32%. Copa's dividend payout ratio (DPR) is presently 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.