Brokerages Set Copa Holdings, S.A. (NYSE:CPA) Price Target at $153.29

Shares of Copa Holdings, S.A. (NYSE:CPA) have earned an average rating of “Buy” from the seven ratings firms that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $153.29.

Several research analysts recently commented on the company. UBS Group increased their price target on Copa from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a research note on Saturday, January 25th.

Copa Price Performance

CPA opened at $93.35 on Wednesday. Copa has a 12 month low of $80.01 and a 12 month high of $114.00. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. The stock has a market cap of $3.92 billion, a P/E ratio of 6.17, a P/E/G ratio of 0.70 and a beta of 1.44. The company has a fifty day simple moving average of $90.00 and a 200 day simple moving average of $92.16.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, November 20th. The transportation company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.02. The company had revenue of $854.71 million during the quarter, compared to the consensus estimate of $864.90 million. Copa had a net margin of 18.20% and a return on equity of 28.46%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.39 earnings per share. On average, research analysts expect that Copa will post 14.44 EPS for the current year.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a dividend yield of 6.90%. The ex-dividend date was Monday, December 2nd. Copa’s dividend payout ratio (DPR) is presently 42.59%.

Institutional Investors Weigh In On Copa

Several hedge funds have recently modified their holdings of the company. Bell Investment Advisors Inc increased its stake in shares of Copa by 29.6% in the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock valued at $59,000 after buying an additional 143 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Copa during the 3rd quarter worth about $82,000. Optimist Retirement Group LLC bought a new stake in Copa in the third quarter worth approximately $240,000. Mackenzie Financial Corp increased its stake in shares of Copa by 29.3% in the 2nd quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock valued at $256,000 after acquiring an additional 610 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Copa by 90.0% during the fourth quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company’s stock valued at $239,000 after purchasing an additional 1,288 shares during the period. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Company Profile

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.