Copa Holdings, S.A. (NYSE:CPA) Stock Has Consensus Target Price of $172.20 According to Brokerages

Shares of Copa Holdings, S.A. (NYSE:CPA – Get Free Report) have earned a consensus rating of “Buy” from the twelve research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $172.20.

Several brokerages have recently commented on CPA. Weiss Ratings reiterated a “buy (b)” rating on shares of Copa in a research note on Tuesday, August 11th. UBS Group reduced their price target on Copa from $195.00 to $185.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Wall Street Zen downgraded shares of Copa from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Jefferies Financial Group started coverage on Copa in a research note on Thursday, June 18th. They set a “buy” rating and a $185.00 target price for the company. Finally, Raymond James Financial cut their price objective on Copa from $195.00 to $185.00 and set a “strong-buy” rating on the stock in a report on Monday, August 24th.

Read Our Latest Stock Report on CPA

Institutional Investors Weigh In On Copa

A number of hedge funds have recently added to or reduced their stakes in the company. Capital World Investors increased its position in shares of Copa by 0.7% during the 4th quarter. Capital World Investors now owns 4,603,671 shares of the transportation company’s stock valued at $555,249,000 after purchasing an additional 30,101 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Copa by 3.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,396,963 shares of the transportation company’s stock worth $158,691,000 after acquiring an additional 52,243 shares in the last quarter. Cullen Capital Management LLC bought a new position in Copa in the 2nd quarter worth about $88,871,000. Brandes Investment Partners LP boosted its position in shares of Copa by 3.5% in the fourth quarter. Brandes Investment Partners LP now owns 654,255 shares of the transportation company’s stock valued at $78,910,000 after acquiring an additional 22,126 shares during the period. Finally, Sei Investments Co. boosted its holdings in Copa by 5.1% in the 1st quarter. Sei Investments Co. now owns 351,310 shares of the transportation company’s stock valued at $39,912,000 after purchasing an additional 17,113 shares during the period. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Price Performance

CPA opened at $133.52 on Monday. The stock has a market capitalization of $5.49 billion, a P/E ratio of 8.78, a price-to-earnings-growth ratio of 1.24 and a beta of 0.99. Copa has a one year low of $107.44 and a one year high of $160.46. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.97. The company’s 50 day simple moving average is $134.09 and its 200-day simple moving average is $131.72.

Copa (NYSE:CPA – Get Free Report) last posted its earnings results on Saturday, August 8th. The transportation company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.21). The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.08 billion. Copa had a return on equity of 22.40% and a net margin of 15.71%.Copa’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.61 earnings per share. Sell-side analysts anticipate that Copa will post 15.22 earnings per share for the current fiscal year.

Copa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were paid a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Monday, August 31st. Copa’s payout ratio is currently 44.97%.

About Copa

(Get Free Report)

Copa Holdings, SA is a Panama-based airline holding company whose principal subsidiary is Compañía Panameña de Aviación, SA, known as Copa Airlines. The company provides scheduled passenger air transportation, connecting Panama and other destinations across North, Central and South America and the Caribbean. Copa also offers related cargo transportation services.

Copa Airlines operates its primary hub at Tocumen International Airport in Panama City, which serves as a connecting point for travel throughout the Americas.

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Analyst Recommendations for Copa (NYSE:CPA)

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