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

Shares of Copa Holdings, S.A. (NYSE:CPAGet Free Report) have earned a consensus recommendation of “Buy” from the twelve research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $166.80.

CPA has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Copa from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. UBS Group restated a “buy” rating and set a $195.00 price objective on shares of Copa in a research report on Tuesday. Bank of America cut their price objective on shares of Copa from $212.00 to $171.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. The Goldman Sachs Group raised their price objective on shares of Copa from $138.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Copa from $170.00 to $165.00 and set an “overweight” rating for the company in a research report on Thursday, March 12th.

View Our Latest Research Report on Copa

Institutional Investors Weigh In On Copa

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its position in Copa by 9.8% in the first quarter. NewEdge Advisors LLC now owns 13,097 shares of the transportation company’s stock valued at $1,488,000 after purchasing an additional 1,172 shares during the period. Bank of America Corp DE raised its position in Copa by 45.5% in the first quarter. Bank of America Corp DE now owns 181,594 shares of the transportation company’s stock valued at $20,631,000 after purchasing an additional 56,764 shares during the period. RBF Capital LLC raised its position in Copa by 40.0% in the first quarter. RBF Capital LLC now owns 7,000 shares of the transportation company’s stock valued at $795,000 after purchasing an additional 2,000 shares during the period. EverSource Wealth Advisors LLC raised its position in Copa by 39.3% in the first quarter. EverSource Wealth Advisors LLC now owns 2,338 shares of the transportation company’s stock valued at $266,000 after purchasing an additional 660 shares during the period. Finally, Empowered Funds LLC raised its position in Copa by 8,453.5% in the first quarter. Empowered Funds LLC now owns 20,785 shares of the transportation company’s stock valued at $2,361,000 after purchasing an additional 20,542 shares during the period. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Copa Stock Performance

NYSE CPA opened at $136.99 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 1.16. The stock’s fifty day moving average is $119.17 and its two-hundred day moving average is $125.86. The firm has a market capitalization of $5.64 billion, a P/E ratio of 7.99, a price-to-earnings-growth ratio of 1.06 and a beta of 0.94. Copa has a fifty-two week low of $99.32 and a fifty-two week high of $156.41.

Copa (NYSE:CPAGet Free Report) last issued its earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.73. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Copa had a return on equity of 26.01% and a net margin of 18.76%.The company’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period last year, the company earned $4.28 EPS. On average, research analysts anticipate that Copa will post 15.74 earnings per share for the current year.

Copa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $1.71 dividend. The ex-dividend date is Friday, May 29th. This represents a $6.84 dividend on an annualized basis and a yield of 5.0%. Copa’s payout ratio is currently 39.88%.

Copa Company Profile

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Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.

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Analyst Recommendations for Copa (NYSE:CPA)

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