Copa Holdings, S.A. (NYSE:CPA) Receives $148.83 Consensus Target Price from Analysts

Copa Holdings, S.A. (NYSE:CPA) has received a consensus recommendation of “Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $153.29.

A number of brokerages recently commented on CPA. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. UBS Group upped their target price on Copa from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday.

Copa Stock Performance

CPA opened at $89.59 on Friday. 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 stock has a market cap of $3.53 billion, a price-to-earnings ratio of 5.93, a PEG ratio of 0.72 and a beta of 1.44. Copa has a 12-month low of $80.01 and a 12-month high of $114.00. The business has a 50 day moving average of $92.60 and a 200-day moving average of $92.46.

Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, November 20th. The transportation company reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.48 by $0.02. The firm had revenue of $854.71 million during the quarter, compared to analysts’ expectations of $864.90 million. Copa had a net margin of 18.20% and a return on equity of 28.46%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $4.39 earnings per share. On average, equities research analysts expect that Copa will post 14.48 earnings per share for the current year.

Copa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given 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 dividend yield of 7.19%. Copa’s payout ratio is 42.59%.

Institutional Investors Weigh In On Copa

Several institutional investors have recently made changes to their positions in CPA. Bell Investment Advisors Inc raised its holdings in Copa by 29.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock valued at $59,000 after acquiring an additional 143 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Copa in the third quarter worth $82,000. Rhumbline Advisers raised its stake in Copa by 69,000.0% in the second quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock valued at $132,000 after purchasing an additional 1,380 shares in the last quarter. Optimist Retirement Group LLC bought a new stake in Copa during the third quarter worth about $240,000. Finally, Mackenzie Financial Corp grew its stake in Copa by 29.3% during the second quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock worth $256,000 after buying an additional 610 shares in the last quarter. 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 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.