Copa (NYSE:CPA) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of Copa (NYSE:CPA) from a hold rating to a buy rating in a report published on Tuesday morning.

Several other equities research analysts have also weighed in on CPA. JPMorgan Chase & Co. dropped their target price on Copa from $180.00 to $175.00 and set an overweight rating on the stock in a research report on Thursday, August 29th. Evercore ISI decreased their target price on shares of Copa from $165.00 to $150.00 and set an outperform rating for the company in a research report on Thursday, August 8th. TD Cowen reduced their price objective on 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 reduced their price target on Copa from $145.00 to $130.00 and set a buy rating for the company in a research report on Thursday, August 8th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Buy and an average price target of $148.83.

Copa Trading Up 1.8 %

NYSE:CPA opened at $96.22 on Tuesday. Copa has a 52 week low of $78.12 and a 52 week high of $114.00. The company has a quick ratio of 0.89, a current ratio of 0.98 and a debt-to-equity ratio of 0.56. The company has a market cap of $3.79 billion, a PE ratio of 6.92, a P/E/G ratio of 0.57 and a beta of 1.48. The business’s 50 day moving average is $89.54 and its two-hundred day moving average is $95.61.

Copa (NYSE:CPA) last issued its 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. The company had revenue of $819.40 million for the quarter, compared to analysts’ expectations of $838.13 million. Copa had a net margin of 19.31% and a return on equity of 30.81%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $3.92 earnings per share. On average, analysts predict that Copa will post 14.53 EPS for the current year.

Copa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $1.61 per share. The ex-dividend date was Friday, August 30th. This represents a $6.44 annualized dividend and a dividend yield of 6.69%. Copa’s dividend payout ratio (DPR) is 46.33%.

Institutional Trading of Copa

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC lifted its holdings in shares of Copa by 2.4% during the fourth quarter. Hsbc Holdings PLC now owns 78,135 shares of the transportation company’s stock valued at $8,321,000 after purchasing an additional 1,799 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Copa by 45.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,858 shares of the transportation company’s stock valued at $198,000 after buying an additional 584 shares in the last quarter. TFO Wealth Partners LLC raised its position in Copa by 34,300.0% during the fourth quarter. TFO Wealth Partners LLC now owns 344 shares of the transportation company’s stock valued at $37,000 after buying an additional 343 shares during the period. Capital World Investors lifted its stake in Copa by 5.9% in the 4th quarter. Capital World Investors now owns 3,923,752 shares of the transportation company’s stock worth $417,134,000 after acquiring an additional 218,236 shares in the last quarter. Finally, Seven Eight Capital LP acquired a new stake in Copa during the 4th quarter worth about $873,000. 70.09% of the stock is currently owned by institutional investors.

About Copa

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.