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

Shares of Copa Holdings, S.A. (NYSE:CPA - Get Free Report) have been given an average rating of "Buy" by the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six 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 price target among brokers that have issued a report on the stock in the last year is $153.29.

Several research analysts have weighed in on CPA shares. StockNews.com lowered shares of Copa from a "buy" rating to a "hold" rating in a research note on Saturday, January 25th. UBS Group increased their price objective on Copa from $160.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th.

Copa Trading Down 1.4 %

Shares of CPA stock traded down $1.29 during trading hours on Wednesday, reaching $93.35. 308,472 shares of the stock traded hands, compared to its average volume of 255,012. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $3.92 billion, a PE ratio of 6.17, a PEG ratio of 0.70 and a beta of 1.44. Copa has a 1-year low of $80.01 and a 1-year high of $114.00. The business has a fifty day moving average price of $90.00 and a 200 day moving average price of $92.17.

Copa (NYSE:CPA - Get Free Report) last announced its earnings results on Wednesday, November 20th. The transportation company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.48 by $0.02. The company had revenue of $854.71 million for the quarter, compared to the consensus estimate of $864.90 million. Copa had a net margin of 18.20% and a return on equity of 28.46%. The company's revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $4.39 EPS. On average, equities research analysts forecast that Copa will post 14.44 EPS for the current year.

Copa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were given a $1.61 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.90%. Copa's dividend payout ratio is currently 42.59%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CPA. Bell Investment Advisors Inc grew its holdings in Copa by 29.6% during 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 during the last quarter. Point72 Hong Kong Ltd acquired a new position in Copa in the 3rd quarter valued at $82,000. SG Americas Securities LLC raised its holdings in Copa by 90.0% in the 4th quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company's stock worth $239,000 after acquiring an additional 1,288 shares during the period. Optimist Retirement Group LLC acquired a new position in Copa during the 3rd quarter worth $240,000. Finally, Mackenzie Financial Corp boosted its holdings in Copa by 29.3% during the second quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company's stock valued at $256,000 after acquiring an additional 610 shares during the period. Institutional investors and hedge funds own 70.09% of the company's stock.

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.