Copa (NYSE:CPA) Price Target Lowered to $150.00 at Evercore ISI

Copa (NYSE:CPA) had its price target trimmed by Evercore ISI from $165.00 to $150.00 in a research note published on Thursday morning, Benzinga reports. The brokerage currently has an outperform rating on the transportation company’s stock.

Several other research analysts have also issued reports on CPA. Morgan Stanley initiated coverage on shares of Copa in a research note on Friday, May 24th. They set an overweight rating and a $140.00 target price on the stock. Raymond James increased their target price on shares of Copa from $165.00 to $168.00 and gave the stock a strong-buy rating in a research note on Friday, May 17th. TD Cowen cut their target price on shares of Copa from $160.00 to $145.00 and set a buy rating on the stock in a research note on Tuesday, June 18th. Finally, StockNews.com lowered shares of Copa from a buy rating to a hold rating in a research note on Wednesday, June 19th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Copa has an average rating of Buy and a consensus price target of $148.00.

Copa Trading Up 0.7 %

Shares of NYSE:CPA traded up $0.64 during trading on Thursday, reaching $88.13. The stock had a trading volume of 338,882 shares, compared to its average volume of 279,312. The firm’s fifty day moving average is $92.93 and its 200 day moving average is $98.03. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.90 and a current ratio of 0.99. Copa has a 52 week low of $78.12 and a 52 week high of $114.00. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 6.34, a P/E/G ratio of 0.42 and a beta of 1.47.

Copa (NYSE:CPA) last posted its quarterly earnings data on Wednesday, August 7th. The transportation company reported $2.88 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.11. Copa had a net margin of 16.42% and a return on equity of 36.59%. The company had revenue of $819.40 million for the quarter, compared to analyst estimates of $838.13 million. During the same period in the prior year, the firm posted $3.92 EPS. The company’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, equities analysts forecast that Copa will post 16.24 EPS for the current fiscal year.

Copa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.31%. The ex-dividend date of this dividend is Friday, August 30th. Copa’s dividend payout ratio (DPR) is 46.33%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CPA. TFO Wealth Partners LLC raised its holdings in shares of Copa by 34,300.0% in the fourth quarter. TFO Wealth Partners LLC now owns 344 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 343 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in shares of Copa in the fourth quarter valued at about $47,000. Hexagon Capital Partners LLC raised its holdings in shares of Copa by 224.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 674 shares of the transportation company’s stock valued at $72,000 after purchasing an additional 466 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Copa by 1,778.4% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 958 shares of the transportation company’s stock valued at $103,000 after purchasing an additional 907 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Copa by 69,000.0% in the second quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock valued at $132,000 after purchasing an additional 1,380 shares during the last quarter. 70.09% of the stock is owned by institutional investors.

Copa Company Profile

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 327 daily scheduled flights to 78 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2022, it operated a fleet of 97 aircraft comprising 67 Boeing 737-800 Next Generation aircraft, 9 Boeing 737-700 Next Generation aircraft, 1 Boeing 737-800 Boeing Converted Freighter, and 20 737-MAX aircraft.