Copa Holdings, S.A. (NYSE:CPA) Receives Consensus Rating of "Buy" from Analysts

Shares of Copa Holdings, S.A. (NYSE:CPA - Get Free Report) have earned a consensus recommendation of "Buy" from the eight research firms that are covering the company, MarketBeat.com reports. Seven 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 brokerages that have covered the stock in the last year is $153.29.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Bell Investment Advisors Inc boosted its holdings in Copa by 29.6% in the third 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 in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Copa in the 3rd quarter valued at $82,000. EverSource Wealth Advisors LLC grew its position in shares of Copa by 147.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company's stock valued at $87,000 after buying an additional 591 shares during the last quarter. Optimist Retirement Group LLC acquired a new stake in Copa during the 3rd quarter worth $240,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Copa in the fourth quarter valued at $225,000. Hedge funds and other institutional investors own 70.09% of the company's stock.

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Copa Trading Down 0.4 %

Shares of CPA stock traded down $0.35 on Thursday, hitting $94.20. The stock had a trading volume of 336,590 shares, compared to its average volume of 291,300. The company's 50 day moving average price is $93.20 and its 200-day moving average price is $93.22. Copa has a 1 year low of $80.01 and a 1 year high of $114.00. The firm has a market capitalization of $3.96 billion, a P/E ratio of 6.47, a P/E/G ratio of 0.87 and a beta of 1.42. 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 (NYSE:CPA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, topping 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%. Analysts anticipate that Copa will post 15.48 earnings per share for the current year.

Copa Announces Dividend

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