Brokerages Set Copa Holdings, S.A. (NYSE:CPA) Price Target at $155.33

Shares of Copa Holdings, S.A. (NYSE:CPA) have been given a consensus rating of “Buy” by the eight analysts that are covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $155.3333.

CPA has been the subject of several recent research reports. Citigroup reduced their price target on Copa from $159.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Cowen reissued a “buy” rating on shares of Copa in a research report on Friday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Copa in a research report on Wednesday, October 8th. Raymond James Financial restated a “strong-buy” rating on shares of Copa in a research note on Friday, August 8th. Finally, TD Cowen upped their price objective on Copa from $144.00 to $147.00 and gave the company a “buy” rating in a research note on Friday, August 8th.

Copa Stock Performance

Shares of NYSE CPA opened at $125.17 on Friday. The stock has a 50 day moving average price of $120.63 and a 200 day moving average price of $111.06. Copa has a 52 week low of $82.54 and a 52 week high of $130.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.04. The stock has a market capitalization of $5.15 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 1.08 and a beta of 1.30.

Copa (NYSE:CPA) last issued its quarterly earnings results on Wednesday, August 6th. The transportation company reported $3.61 EPS for the quarter, beating the consensus estimate of $3.25 by $0.36. Copa had a return on equity of 26.22% and a net margin of 18.36%.The firm had revenue of $842.60 million during the quarter, compared to analysts’ expectations of $833.12 million. During the same period in the prior year, the firm posted $2.88 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. 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 Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $1.61 dividend. The ex-dividend date was Friday, August 29th. This represents a $6.44 annualized dividend and a yield of 5.1%. Copa’s dividend payout ratio is currently 41.87%.

Institutional Trading of Copa

Several institutional investors and hedge funds have recently bought and sold shares of CPA. HighTower Advisors LLC bought a new position in shares of Copa during the first quarter worth approximately $423,000. Aptus Capital Advisors LLC increased its stake in shares of Copa by 12.5% during the first quarter. Aptus Capital Advisors LLC now owns 52,242 shares of the transportation company’s stock worth $4,830,000 after purchasing an additional 5,808 shares during the period. Hsbc Holdings PLC increased its stake in shares of Copa by 16.7% during the first quarter. Hsbc Holdings PLC now owns 52,671 shares of the transportation company’s stock worth $4,841,000 after purchasing an additional 7,520 shares during the period. Seven Mile Advisory bought a new position in shares of Copa during the first quarter worth approximately $223,000. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Copa by 32.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 19,647 shares of the transportation company’s stock worth $1,817,000 after purchasing an additional 4,767 shares during the period. Institutional investors own 70.09% of the company’s stock.

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.