Copa (NYSE:CPA) Stock Price Expected to Rise, UBS Group Analyst Says

Copa (NYSE:CPA - Free Report) had its price target upped by UBS Group from $160.00 to $180.00 in a report released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the transportation company's stock.

Separately, StockNews.com downgraded Copa from a "buy" rating to a "hold" rating in a research report on Monday, November 25th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $153.29.

Copa Stock Up 2.0 %

CPA stock traded up $1.80 during mid-day trading on Tuesday, reaching $90.28. The company had a trading volume of 169,517 shares, compared to its average volume of 218,402. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 5.97, a PEG ratio of 0.72 and a beta of 1.44. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 0.99. Copa has a 52 week low of $80.01 and a 52 week high of $114.00. The stock has a 50 day simple moving average of $92.79 and a two-hundred day simple moving average of $92.48.

Copa (NYSE:CPA - Get Free Report) last posted its quarterly earnings results on Wednesday, November 20th. The transportation company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.02. The firm had revenue of $854.71 million for the quarter, compared to analyst estimates of $864.90 million. Copa had a net margin of 18.20% and a return on equity of 28.46%. The company's quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.39 earnings per share. As a group, equities analysts predict that Copa will post 14.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a dividend of $1.61 per share. The ex-dividend date was Monday, December 2nd. This represents a $6.44 annualized dividend and a yield of 7.13%. Copa's payout ratio is currently 42.59%.

Hedge Funds Weigh In On Copa

Institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new position in shares of Copa during the 3rd quarter worth approximately $9,764,000. CWA Asset Management Group LLC acquired a new stake in Copa during the third quarter worth approximately $611,000. Aptus Capital Advisors LLC increased its stake in Copa by 15.5% during the 3rd quarter. Aptus Capital Advisors LLC now owns 37,742 shares of the transportation company's stock worth $3,542,000 after acquiring an additional 5,054 shares during the period. Fourth Sail Capital LP lifted its position in shares of Copa by 45.0% during the 3rd quarter. Fourth Sail Capital LP now owns 156,985 shares of the transportation company's stock valued at $14,731,000 after acquiring an additional 48,692 shares during the period. Finally, Vontobel Holding Ltd. grew its holdings in shares of Copa by 7,848.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 418,588 shares of the transportation company's stock worth $39,280,000 after purchasing an additional 413,322 shares in the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.

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.