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

Copa (NYSE:CPA) had its target price upped by UBS Group from $160.00 to $180.00 in a report published on Tuesday morning,Benzinga reports. They currently have 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 note on Monday, November 25th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $153.29.

Copa Price Performance

Copa stock opened at $89.59 on Tuesday. The company has a market cap of $3.53 billion, a P/E ratio of 5.93, a price-to-earnings-growth ratio of 0.72 and a beta of 1.44. Copa has a one year low of $80.01 and a one year high of $114.00. The business has a fifty day moving average of $92.44 and a two-hundred day moving average of $92.44. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 1.09.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, November 20th. The transportation company reported $3.50 EPS for the quarter, beating the consensus estimate of $3.48 by $0.02. Copa had a net margin of 18.20% and a return on equity of 28.46%. The firm had revenue of $854.71 million during the quarter, compared to analysts’ expectations of $864.90 million. During the same quarter last year, the business earned $4.39 earnings per share. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, analysts predict that Copa will post 14.48 earnings per share for the current fiscal year.

Copa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a $1.61 dividend. The ex-dividend date was Monday, December 2nd. This represents a $6.44 annualized dividend and a dividend yield of 7.19%. Copa’s dividend payout ratio is currently 42.59%.

Institutional Trading of Copa

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPA. Legend Financial Advisors Inc. lifted its holdings in Copa by 5.6% in the 4th quarter. Legend Financial Advisors Inc. now owns 7,692 shares of the transportation company’s stock valued at $676,000 after purchasing an additional 406 shares in the last quarter. Range Financial Group LLC purchased a new position in shares of Copa during the fourth quarter valued at approximately $1,086,000. CWA Asset Management Group LLC boosted its position in Copa by 24.7% during the fourth quarter. CWA Asset Management Group LLC now owns 8,116 shares of the transportation company’s stock worth $713,000 after acquiring an additional 1,605 shares during the last quarter. Optimist Retirement Group LLC purchased a new stake in Copa in the 3rd quarter worth approximately $240,000. Finally, TT International Asset Management LTD purchased a new position in shares of Copa during the 3rd quarter worth $4,723,000. Hedge funds and other 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.