Copa (NYSE:CPA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Copa (NYSE:CPA) from a hold rating to a buy rating in a research report released on Saturday.

Separately, Cowen reaffirmed a “buy” rating on shares of Copa in a report on Wednesday, May 14th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $153.00.

Copa Trading Up 1.9%

Shares of Copa stock opened at $105.70 on Friday. Copa has a 52-week low of $80.01 and a 52-week high of $110.73. The stock’s 50-day simple moving average is $98.55 and its 200 day simple moving average is $93.84. The stock has a market capitalization of $4.35 billion, a P/E ratio of 7.26, a P/E/G ratio of 0.87 and a beta of 1.33. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, May 7th. The transportation company reported $4.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.51. Copa had a return on equity of 26.70% and a net margin of 17.67%. The business had revenue of $899.18 million for the quarter, compared to analysts’ expectations of $888.82 million. During the same period in the previous year, the business posted $4.19 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. As a group, research analysts anticipate that Copa will post 15.48 EPS for the current year.

Copa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $1.61 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $6.44 annualized dividend and a yield of 6.09%. Copa’s payout ratio is currently 43.96%.

Institutional Trading of Copa

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Montag A & Associates Inc. bought a new stake in Copa in the first quarter valued at approximately $30,000. Bayforest Capital Ltd bought a new position in shares of Copa during the first quarter valued at approximately $36,000. US Bancorp DE raised its holdings in shares of Copa by 378.1% during the first quarter. US Bancorp DE now owns 502 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 397 shares in the last quarter. Quarry LP bought a new position in shares of Copa during the first quarter valued at approximately $50,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Copa by 8,175.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 662 shares of the transportation company’s stock worth $61,000 after purchasing an additional 654 shares in the last quarter. 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.