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

Copa Holdings, S.A. (NYSE:CPA) has been assigned an average rating of “Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $148.83.

Separately, StockNews.com downgraded shares of Copa from a “buy” rating to a “hold” rating in a research note on Monday, November 25th.

Institutional Investors Weigh In On Copa

A number of large investors have recently modified their holdings of CPA. Optimist Retirement Group LLC purchased a new stake in shares of Copa during the 3rd quarter worth $240,000. TT International Asset Management LTD purchased a new stake in Copa during the 3rd quarter worth about $4,723,000. Barclays PLC boosted its position in shares of Copa by 44.2% during the 3rd quarter. Barclays PLC now owns 24,721 shares of the transportation company’s stock worth $2,319,000 after acquiring an additional 7,576 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Copa in the 3rd quarter valued at about $9,764,000. Finally, Two Sigma Advisers LP raised its position in shares of Copa by 250.1% during the 3rd quarter. Two Sigma Advisers LP now owns 128,505 shares of the transportation company’s stock worth $12,059,000 after acquiring an additional 91,805 shares in the last quarter. 70.09% of the stock is owned by hedge funds and other institutional investors.

Copa Trading Up 0.4 %

CPA opened at $86.09 on Friday. Copa has a 52 week low of $80.01 and a 52 week high of $114.00. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. The business has a fifty day simple moving average of $93.18 and a 200-day simple moving average of $92.60. The firm has a market cap of $3.39 billion, a P/E ratio of 5.69, a P/E/G ratio of 0.72 and a beta of 1.45.

Copa (NYSE:CPA) last released its earnings results on Wednesday, November 20th. The transportation company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.48 by $0.02. The company had revenue of $854.71 million during the quarter, compared to the consensus estimate of $864.90 million. Copa had a return on equity of 28.46% and a net margin of 18.20%. Copa’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $4.39 EPS. On average, equities analysts expect that Copa will post 14.48 earnings per share for the current 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 paid a $1.61 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $6.44 dividend on an annualized basis and a yield of 7.48%. Copa’s dividend payout ratio is currently 42.59%.

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.