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

Shares of Copa Holdings, S.A. (NYSE:CPAGet Free Report) have been given a consensus recommendation of “Buy” by the four brokerages that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $154.67.

A number of brokerages have commented on CPA. StockNews.com cut shares of Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th. Evercore ISI raised their target price on shares of Copa from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. TD Cowen cut their target price on shares of Copa from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday, June 18th. Raymond James raised their target price on shares of Copa from $165.00 to $168.00 and gave the stock a “strong-buy” rating in a report on Friday, May 17th. Finally, Morgan Stanley assumed coverage on shares of Copa in a report on Friday, May 24th. They issued an “overweight” rating and a $140.00 target price on the stock.

Get Our Latest Stock Analysis on Copa

Copa Stock Down 0.0 %

Shares of NYSE CPA opened at $94.13 on Tuesday. Copa has a one year low of $78.12 and a one year high of $121.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.99 and a quick ratio of 0.90. The firm’s 50 day simple moving average is $99.77 and its two-hundred day simple moving average is $100.21. The stock has a market capitalization of $3.71 billion, a P/E ratio of 6.77, a PEG ratio of 0.21 and a beta of 1.48.

Copa (NYSE:CPAGet Free Report) last issued its quarterly earnings results on Wednesday, May 15th. The transportation company reported $4.19 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $0.92. Copa had a net margin of 16.42% and a return on equity of 36.59%. The business had revenue of $893.47 million for the quarter, compared to analysts’ expectations of $866.73 million. During the same period last year, the business earned $3.99 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. As a group, analysts expect that Copa will post 16.66 EPS for the current fiscal year.

Copa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date of this dividend was Friday, May 31st. Copa’s payout ratio is currently 46.33%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. TFO Wealth Partners LLC grew its position in shares of Copa by 34,300.0% in the 4th quarter. TFO Wealth Partners LLC now owns 344 shares of the transportation company’s stock worth $37,000 after buying an additional 343 shares during the period. Scarborough Advisors LLC purchased a new stake in shares of Copa in the 4th quarter worth about $47,000. Hexagon Capital Partners LLC grew its position in shares of Copa by 224.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 674 shares of the transportation company’s stock worth $72,000 after buying an additional 466 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Copa by 1,778.4% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 958 shares of the transportation company’s stock worth $103,000 after buying an additional 907 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Copa by 45.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,858 shares of the transportation company’s stock worth $198,000 after buying an additional 584 shares during the period. 70.09% of the stock is owned by hedge funds and other institutional investors.

About Copa

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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.

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