Copa (NYSE:CPA) Sets New 12-Month High – Here’s What Happened

Copa Holdings, S.A. (NYSE:CPA) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $109.55 and last traded at $107.59, with a volume of 251081 shares trading hands. The stock had previously closed at $106.47.

Analyst Ratings Changes

CPA has been the subject of several research reports. Cowen reissued a “buy” rating on shares of Copa in a report on Wednesday, May 14th. Wall Street Zen lowered Copa from a “buy” rating to a “hold” rating in a research note on Saturday, May 17th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.00.

Copa Stock Up 1.6%

The business’s 50 day simple moving average is $93.71 and its 200 day simple moving average is $92.89. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $4.45 billion, a PE ratio of 7.43, a PEG ratio of 0.87 and a beta of 1.26.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, May 7th. The transportation company reported $4.28 EPS for the quarter, beating the consensus estimate of $3.77 by $0.51. The company had revenue of $899.18 million for the quarter, compared to the consensus estimate of $888.82 million. Copa had a return on equity of 26.70% and a net margin of 17.67%. Copa’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.19 EPS. On average, equities research analysts forecast that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $1.61 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $6.44 annualized dividend and a yield of 5.95%. Copa’s dividend payout ratio (DPR) is 43.96%.

Institutional Investors Weigh In On Copa

Large investors have recently made changes to their positions in the stock. LPL Financial LLC grew its stake in Copa by 4.3% in the 4th quarter. LPL Financial LLC now owns 3,204 shares of the transportation company’s stock valued at $282,000 after acquiring an additional 132 shares during the period. Bell Investment Advisors Inc lifted its holdings in Copa by 19.6% during the first quarter. Bell Investment Advisors Inc now owns 841 shares of the transportation company’s stock valued at $78,000 after purchasing an additional 138 shares in the last quarter. Silvercrest Asset Management Group LLC grew its position in shares of Copa by 1.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 16,060 shares of the transportation company’s stock valued at $1,411,000 after purchasing an additional 169 shares during the period. Privium Fund Management UK Ltd grew its position in shares of Copa by 2.6% in the fourth quarter. Privium Fund Management UK Ltd now owns 7,114 shares of the transportation company’s stock valued at $624,000 after purchasing an additional 178 shares during the period. Finally, Everstar Asset Management LLC raised its position in shares of Copa by 5.3% during the 4th quarter. Everstar Asset Management LLC now owns 5,653 shares of the transportation company’s stock worth $497,000 after purchasing an additional 282 shares during the last quarter. 70.09% of the stock is owned by hedge funds and other institutional investors.

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.