Shares of Copa Holdings, S.A. (NYSE:CPA – Get Free Report) have been assigned an average rating of “Buy” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $167.30.
A number of research analysts recently issued reports on the company. Barclays reduced their price objective on Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. The Goldman Sachs Group boosted their price objective on Copa from $138.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Bank of America reduced their price objective on Copa from $212.00 to $171.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. UBS Group boosted their price objective on Copa from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, Evercore restated an “outperform” rating and set a $175.00 price objective on shares of Copa in a research report on Friday, May 15th.
Get Our Latest Stock Report on Copa
Copa Trading Down 0.0%
Copa (NYSE:CPA – Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The transportation company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.73. Copa had a return on equity of 26.01% and a net margin of 18.76%.The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the firm posted $4.28 EPS. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. Equities research analysts predict that Copa will post 15.18 EPS for the current year.
Copa Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Friday, May 29th. Copa’s payout ratio is 39.88%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its position in Copa by 9.8% during the 1st quarter. NewEdge Advisors LLC now owns 13,097 shares of the transportation company’s stock worth $1,488,000 after acquiring an additional 1,172 shares during the period. Bank of America Corp DE boosted its position in Copa by 45.5% during the 1st quarter. Bank of America Corp DE now owns 181,594 shares of the transportation company’s stock worth $20,631,000 after acquiring an additional 56,764 shares during the period. RBF Capital LLC boosted its position in Copa by 40.0% during the 1st quarter. RBF Capital LLC now owns 7,000 shares of the transportation company’s stock worth $795,000 after acquiring an additional 2,000 shares during the period. EverSource Wealth Advisors LLC boosted its position in Copa by 39.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,338 shares of the transportation company’s stock worth $266,000 after acquiring an additional 660 shares during the period. Finally, Empowered Funds LLC boosted its position in Copa by 8,453.5% during the 1st quarter. Empowered Funds LLC now owns 20,785 shares of the transportation company’s stock worth $2,361,000 after acquiring an additional 20,542 shares during the period. Institutional investors and hedge funds own 70.09% of the company’s stock.
About Copa
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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