Brokerages Set Copa Holdings, S.A. (NYSE:CPA) PT at $148.83

Shares of Copa Holdings, S.A. (NYSE:CPA - Get Free Report) have received an average recommendation of "Buy" from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $148.83.

Several brokerages have recently issued reports on CPA. StockNews.com upgraded Copa from a "hold" rating to a "buy" rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. lowered their target price on Copa from $180.00 to $175.00 and set an "overweight" rating for the company in a research note on Thursday, August 29th. Evercore ISI reduced their price target on shares of Copa from $165.00 to $150.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. TD Cowen lowered their price objective on shares of Copa from $145.00 to $130.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Copa from $145.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, August 8th.

Copa Price Performance

CPA stock traded down $2.25 during midday trading on Monday, reaching $99.79. The company had a trading volume of 368,509 shares, compared to its average volume of 279,262. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 7.22, a price-to-earnings-growth ratio of 0.59 and a beta of 1.49. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.98 and a quick ratio of 0.89. Copa has a 1-year low of $78.12 and a 1-year high of $114.00. The stock has a 50 day moving average price of $91.86 and a 200-day moving average price of $95.04.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The transportation company reported $2.88 earnings per share for the quarter, topping analysts' consensus estimates of $2.77 by $0.11. Copa had a net margin of 19.31% and a return on equity of 30.81%. The company had revenue of $819.40 million during the quarter, compared to the consensus estimate of $838.13 million. During the same quarter in the prior year, the firm posted $3.92 EPS. The firm's quarterly revenue was up 1.3% on a year-over-year basis. Equities research analysts expect that Copa will post 14.56 earnings per share for the current year.

Copa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $1.61 dividend. The ex-dividend date was Friday, August 30th. This represents a $6.44 dividend on an annualized basis and a yield of 6.45%. Copa's payout ratio is currently 46.33%.

Institutional Trading of Copa

Several large investors have recently modified their holdings of the stock. Carrhae Capital LLP bought a new position in Copa during the third quarter worth $52,166,000. Vontobel Holding Ltd. grew its stake in shares of Copa by 7,848.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 418,588 shares of the transportation company's stock valued at $39,280,000 after buying an additional 413,322 shares during the period. Sprucegrove Investment Management Ltd. increased its position in Copa by 8.3% in the 2nd quarter. Sprucegrove Investment Management Ltd. now owns 3,086,189 shares of the transportation company's stock valued at $293,743,000 after buying an additional 236,850 shares in the last quarter. Capital World Investors raised its stake in Copa by 3.7% during the 1st quarter. Capital World Investors now owns 4,068,558 shares of the transportation company's stock worth $423,781,000 after buying an additional 144,806 shares during the period. Finally, Raymond James & Associates grew its stake in Copa by 61.4% in the second quarter. Raymond James & Associates now owns 294,710 shares of the transportation company's stock valued at $28,050,000 after acquiring an additional 112,143 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.