Copa (NYSE:CPA) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Copa (NYSE:CPA - Free Report) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

Separately, UBS Group lifted their price target on Copa from $160.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $153.29.

Copa Trading Up 0.7 %

Shares of NYSE:CPA traded up $0.67 during trading on Wednesday, reaching $91.81. The stock had a trading volume of 208,789 shares, compared to its average volume of 281,865. 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 stock has a market cap of $3.86 billion, a P/E ratio of 6.07, a PEG ratio of 0.68 and a beta of 1.44. The business has a fifty day moving average price of $89.77 and a 200-day moving average price of $92.12. Copa has a fifty-two week low of $80.01 and a fifty-two week high of $114.00.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings results on Wednesday, November 20th. The transportation company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.48 by $0.02. Copa had a return on equity of 28.46% and a net margin of 18.20%. The company had revenue of $854.71 million during the quarter, compared to the consensus estimate of $864.90 million. During the same period in the previous year, the firm posted $4.39 EPS. Copa's revenue was down 1.5% on a year-over-year basis. As a group, analysts anticipate that Copa will post 14.41 earnings per share for the current fiscal year.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were given a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a yield of 7.01%. The ex-dividend date was Monday, December 2nd. Copa's dividend payout ratio (DPR) is presently 42.59%.

Institutional Trading of Copa

Several large investors have recently bought and sold shares of CPA. Carrhae Capital LLP acquired a new position in Copa in the 3rd quarter worth $52,166,000. Raymond James Financial Inc. purchased a new stake in Copa during the 4th quarter worth approximately $46,433,000. Marathon Asset Management Ltd raised its position in shares of Copa by 1.3% in the 4th quarter. Marathon Asset Management Ltd now owns 521,402 shares of the transportation company's stock valued at $45,821,000 after purchasing an additional 6,723 shares in the last quarter. Wishbone Management LP boosted its stake in shares of Copa by 20.0% during the 3rd quarter. Wishbone Management LP now owns 420,000 shares of the transportation company's stock valued at $39,413,000 after buying an additional 70,000 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its position in shares of Copa by 7,848.9% during the third quarter. Vontobel Holding Ltd. now owns 418,588 shares of the transportation company's stock worth $39,280,000 after buying an additional 413,322 shares in the last quarter. 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.