Copa Holdings, S.A. (NYSE:CPA) Given Consensus Rating of “Buy” by Analysts

Shares of Copa Holdings, S.A. (NYSE:CPA) have been given an average rating of “Buy” by the seven analysts that are presently covering the firm, MarketBeat reports. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $153.29.

CPA has been the subject of several recent analyst reports. StockNews.com cut Copa from a “buy” rating to a “hold” rating in a research report on Wednesday. UBS Group boosted their price objective on Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th.

Institutional Investors Weigh In On Copa

A number of institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new stake in Copa in the third quarter worth $9,764,000. CWA Asset Management Group LLC bought a new stake in shares of Copa in the 3rd quarter valued at about $611,000. Aptus Capital Advisors LLC boosted its holdings in Copa by 15.5% during the 3rd quarter. Aptus Capital Advisors LLC now owns 37,742 shares of the transportation company’s stock valued at $3,542,000 after acquiring an additional 5,054 shares during the period. Fourth Sail Capital LP grew its position in Copa by 45.0% during the 3rd quarter. Fourth Sail Capital LP now owns 156,985 shares of the transportation company’s stock worth $14,731,000 after acquiring an additional 48,692 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its stake in Copa by 7,848.9% in 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 during the period. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Copa Price Performance

Shares of NYSE CPA opened at $90.82 on Wednesday. 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 has a fifty-two week low of $80.01 and a fifty-two week high of $114.00. The stock has a market cap of $3.82 billion, a PE ratio of 6.01, a price-to-earnings-growth ratio of 0.69 and a beta of 1.44. The stock has a fifty day moving average of $89.88 and a 200-day moving average of $92.16.

Copa (NYSE:CPA) last posted its earnings results on Wednesday, November 20th. The transportation company reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.48 by $0.02. Copa had a return on equity of 28.46% and a net margin of 18.20%. The business had revenue of $854.71 million during the quarter, compared to analyst estimates of $864.90 million. During the same quarter in the previous year, the firm earned $4.39 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. Equities research analysts anticipate that Copa will post 14.44 earnings per share for the current year.

Copa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date of this dividend was Monday, December 2nd. Copa’s payout ratio is currently 42.59%.

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.