Copa (NYSE:CPA) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Copa (NYSE:CPA) from a hold rating to a buy rating in a report released on Saturday.

Separately, Cowen reissued a “buy” rating on shares of Copa in a research note on Wednesday, May 14th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $153.00.

Copa Price Performance

CPA opened at $105.70 on Friday. Copa has a 12-month low of $80.01 and a 12-month high of $110.73. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 7.26, a price-to-earnings-growth ratio of 0.87 and a beta of 1.33. The stock has a fifty day simple moving average of $98.55 and a two-hundred day simple moving average of $93.84. 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 (NYSE:CPA) last released its earnings results on Wednesday, May 7th. The transportation company reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $0.51. Copa had a return on equity of 26.70% and a net margin of 17.67%. The firm had revenue of $899.18 million for the quarter, compared to analysts’ expectations of $888.82 million. During the same period in the prior year, the firm posted $4.19 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Research analysts predict that Copa will post 15.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $1.61 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $6.44 annualized dividend and a dividend yield of 6.09%. Copa’s dividend payout ratio (DPR) is presently 43.96%.

Institutional Investors Weigh In On Copa

Several institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in shares of Copa by 0.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,628,609 shares of the transportation company’s stock valued at $231,002,000 after buying an additional 11,300 shares during the last quarter. FMR LLC lifted its holdings in Copa by 18.1% in the fourth quarter. FMR LLC now owns 1,503,772 shares of the transportation company’s stock valued at $132,151,000 after acquiring an additional 230,653 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Copa by 9.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,184,278 shares of the transportation company’s stock valued at $109,501,000 after acquiring an additional 99,955 shares during the period. Carrhae Capital LLP lifted its holdings in Copa by 10.8% in the first quarter. Carrhae Capital LLP now owns 777,929 shares of the transportation company’s stock valued at $71,927,000 after acquiring an additional 76,062 shares during the period. Finally, Brandes Investment Partners LP lifted its holdings in Copa by 8.6% in the fourth quarter. Brandes Investment Partners LP now owns 561,901 shares of the transportation company’s stock valued at $49,380,000 after acquiring an additional 44,298 shares during the period. 70.09% of the stock is owned by hedge funds and other institutional investors.

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.