Analysts Set Copa Holdings, S.A. (NYSE:CPA) Target Price at $155.33

Shares of Copa Holdings, S.A. (NYSE:CPA) have earned an average recommendation of “Buy” from the eight analysts that are currently covering the company, Marketbeat reports. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $155.3333.

Several analysts recently weighed in on CPA shares. Weiss Ratings restated a “buy (b)” rating on shares of Copa in a research note on Wednesday, October 8th. Raymond James Financial restated a “strong-buy” rating on shares of Copa in a research note on Friday, August 8th. Evercore ISI upped their price target on Copa from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Morgan Stanley restated an “overweight” rating and issued a $145.00 price target (up previously from $125.00) on shares of Copa in a research note on Monday, August 11th. Finally, Cowen restated a “buy” rating on shares of Copa in a research note on Friday, August 8th.

Copa Stock Down 2.1%

CPA stock opened at $121.82 on Monday. Copa has a fifty-two week low of $82.54 and a fifty-two week high of $127.09. The business’s 50 day moving average price is $117.67 and its two-hundred day moving average price is $106.99. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.04. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 7.92, a price-to-earnings-growth ratio of 1.06 and a beta of 1.30.

Copa (NYSE:CPA) last posted its earnings results on Wednesday, August 6th. The transportation company reported $3.61 earnings per share for the quarter, topping analysts’ consensus estimates of $3.25 by $0.36. Copa had a return on equity of 26.22% and a net margin of 18.36%.The firm had revenue of $842.60 million for the quarter, compared to the consensus estimate of $833.12 million. During the same quarter in the prior year, the business earned $2.88 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, analysts forecast that Copa will post 15.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a yield of 5.3%. The ex-dividend date was Friday, August 29th. Copa’s dividend payout ratio (DPR) is currently 41.87%.

Institutional Trading of Copa

Institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC purchased a new stake in Copa during the 1st quarter valued at $423,000. Aptus Capital Advisors LLC boosted its stake in Copa by 12.5% during the 1st quarter. Aptus Capital Advisors LLC now owns 52,242 shares of the transportation company’s stock valued at $4,830,000 after purchasing an additional 5,808 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Copa by 16.7% during the 1st quarter. Hsbc Holdings PLC now owns 52,671 shares of the transportation company’s stock valued at $4,841,000 after purchasing an additional 7,520 shares during the last quarter. Seven Mile Advisory purchased a new stake in Copa during the 1st quarter valued at $223,000. Finally, Range Financial Group LLC boosted its stake in Copa by 34.8% during the 1st quarter. Range Financial Group LLC now owns 16,652 shares of the transportation company’s stock valued at $1,540,000 after purchasing an additional 4,297 shares during the last quarter. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

About Copa

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.