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

Shares of Copa Holdings, S.A. (NYSE:CPA - Get Free Report) have received a consensus rating of "Buy" from the eight analysts that are currently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $153.29.

Several equities analysts have recently issued reports on the stock. Cowen reaffirmed a "buy" rating on shares of Copa in a research note on Tuesday, February 18th. 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 note on Tuesday, January 7th. Finally, StockNews.com downgraded shares of Copa from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th.

Copa Price Performance

NYSE:CPA traded up $0.06 on Friday, hitting $94.84. The company had a trading volume of 258,180 shares, compared to its average volume of 308,639. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 6.51, a PEG ratio of 0.87 and a beta of 1.44. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average of $91.08 and a two-hundred day moving average of $92.73. Copa has a 52 week low of $80.01 and a 52 week high of $114.00.

Copa (NYSE:CPA - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) 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%. On average, research analysts anticipate that Copa will post 15.48 earnings per share for the current year.

Copa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 6.79%. The ex-dividend date of this dividend is Friday, February 28th. Copa's dividend payout ratio is presently 44.23%.

Hedge Funds Weigh In On Copa

A number of hedge funds have recently bought and sold shares of the company. LPL Financial LLC grew its holdings in Copa by 4.3% in the fourth quarter. LPL Financial LLC now owns 3,204 shares of the transportation company's stock worth $282,000 after purchasing an additional 132 shares during the period. Bell Investment Advisors Inc grew 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 worth $59,000 after purchasing an additional 143 shares during the period. Carolina Wealth Advisors LLC grew its holdings in Copa by 2.7% in the fourth quarter. Carolina Wealth Advisors LLC now owns 6,408 shares of the transportation company's stock worth $563,000 after purchasing an additional 166 shares during the period. Silvercrest Asset Management Group LLC grew its holdings in Copa by 1.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 16,060 shares of the transportation company's stock worth $1,411,000 after purchasing an additional 169 shares during the period. Finally, Privium Fund Management UK Ltd grew its holdings in Copa by 2.6% in the fourth quarter. Privium Fund Management UK Ltd now owns 7,114 shares of the transportation company's stock worth $624,000 after purchasing an additional 178 shares during the period. Institutional investors own 70.09% of the company's stock.

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.