Copa Holdings, S.A. (NYSE:CPA) Receives Average Rating of “Buy” from Brokerages

Copa Holdings, S.A. (NYSE:CPA) has earned an average recommendation of “Buy” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $153.29.

A number of research analysts have recently commented on CPA shares. StockNews.com cut Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. UBS Group raised their target price on Copa from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Finally, Cowen restated a “buy” rating on shares of Copa in a research note on Tuesday.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Bell Investment Advisors Inc raised its stake in shares of Copa by 29.6% in the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock worth $59,000 after purchasing an additional 143 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Copa in the third quarter worth $82,000. EverSource Wealth Advisors LLC raised its stake in shares of Copa by 147.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company’s stock worth $87,000 after purchasing an additional 591 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Copa in the fourth quarter worth $225,000. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Copa by 24.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company’s stock worth $236,000 after purchasing an additional 521 shares during the last quarter. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Copa Stock Performance

Shares of NYSE CPA opened at $94.75 on Friday. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 6.51, a P/E/G ratio of 0.87 and a beta of 1.44. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. Copa has a 1-year low of $80.01 and a 1-year high of $114.00. The stock’s 50-day moving average is $90.91 and its 200 day moving average is $92.61.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 earnings per share for the quarter, topping analysts’ consensus estimates of $3.84 by $0.15. Copa had a return on equity of 26.70% and a net margin of 17.67%. On average, sell-side analysts anticipate that Copa will post 15.48 EPS for the current fiscal year.

Copa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date is Friday, February 28th. Copa’s payout ratio is 44.23%.

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.