Copa Holdings, S.A. (NYSE:CPA) Receives $171.73 Average Price Target from Brokerages

Copa Holdings, S.A. (NYSE:CPA – Get Free Report) has earned a consensus recommendation of “Buy” from the thirteen brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $171.7273.

CPA has been the subject of a number of research reports. UBS Group increased their price objective on Copa from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. The Goldman Sachs Group boosted their target price on shares of Copa from $138.00 to $156.00 and gave the company a “buy” rating in a report on Friday, May 15th. Evercore reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Copa in a research report on Friday, May 15th. Raymond James Financial increased their price target on shares of Copa from $190.00 to $195.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Copa from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd.

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Hedge Funds Weigh In On Copa

Large investors have recently made changes to their positions in the business. Capital World Investors grew its stake in shares of Copa by 0.7% in the 4th quarter. Capital World Investors now owns 4,603,671 shares of the transportation company’s stock worth $555,249,000 after buying an additional 30,101 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Copa by 2.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,647,779 shares of the transportation company’s stock valued at $198,739,000 after buying an additional 44,834 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Copa by 3.9% in 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. Captrust Financial Advisors boosted its holdings in Copa by 1.9% in the fourth quarter. Captrust Financial Advisors now owns 654,830 shares of the transportation company’s stock worth $78,979,000 after acquiring an additional 12,053 shares in the last quarter. Finally, Brandes Investment Partners LP boosted its holdings in Copa by 3.5% in the fourth quarter. Brandes Investment Partners LP now owns 654,255 shares of the transportation company’s stock worth $78,910,000 after acquiring an additional 22,126 shares in the last quarter. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Copa Stock Up 0.7%

CPA stock opened at $147.09 on Friday. Copa has a fifty-two week low of $107.44 and a fifty-two week high of $160.46. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 1.07 and a beta of 1.01. The business’s 50 day moving average price is $144.42 and its two-hundred day moving average price is $133.74. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 1.16.

Copa (NYSE:CPA – Get Free Report) last released its earnings results on Wednesday, May 13th. The transportation company reported $5.16 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 company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the business posted $4.28 EPS. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, analysts forecast that Copa will post 16.6 earnings per share for the current fiscal year.

Copa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a dividend of $1.71 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.7%. Copa’s dividend payout ratio (DPR) is currently 39.88%.

Copa Company Profile

(Get Free Report)

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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