Copa Holdings, S.A. (NYSE:CPA) Receives $153.29 Average Price Target from Brokerages

Shares of Copa Holdings, S.A. (NYSE:CPA) have been given a consensus recommendation of “Buy” by the eight research firms that are covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $153.29.

A number of brokerages have commented on CPA. Cowen reiterated a “buy” rating on shares of Copa in a report on Tuesday, February 18th. UBS Group upped their price objective on shares of Copa from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, StockNews.com downgraded shares of Copa from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th.

Copa Stock Performance

Shares of Copa stock opened at $92.50 on Friday. The company has a market capitalization of $3.89 billion, a PE ratio of 6.35, a P/E/G ratio of 0.87 and a beta of 1.44. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10. The company has a 50-day simple moving average of $91.41 and a two-hundred day simple moving average of $92.77. Copa has a one year low of $80.01 and a one year high of $114.00.

Copa (NYSE:CPA) last announced its earnings results on Wednesday, February 12th. The transportation company reported $3.99 EPS for the quarter, topping analysts’ consensus estimates of $3.84 by $0.15. Copa had a net margin of 17.67% and a return on equity of 26.70%. Research analysts expect that Copa will post 15.48 EPS for the current fiscal year.

Copa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $1.61 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a yield of 6.96%. Copa’s dividend payout ratio is currently 44.23%.

Institutional Investors Weigh In On Copa

Large investors have recently bought and sold shares of the company. Bell Investment Advisors Inc boosted its position in 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 last quarter. Point72 Hong Kong Ltd purchased a new stake in Copa in the third quarter valued at approximately $82,000. EverSource Wealth Advisors LLC boosted its position in Copa by 147.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company’s stock valued at $87,000 after buying an additional 591 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in Copa in the fourth quarter valued at approximately $225,000. Finally, Steward Partners Investment Advisory LLC boosted its position in Copa by 24.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company’s stock valued at $236,000 after buying an additional 521 shares during the last quarter. Hedge funds and other institutional investors 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.