Aberdeen Group plc Makes New $3.05 Million Investment in Copa Holdings, S.A. $CPA

Aberdeen Group plc bought a new position in Copa Holdings, S.A. (NYSE:CPA) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 27,985 shares of the transportation company’s stock, valued at approximately $3,049,000.

Several other large investors have also recently modified their holdings of CPA. Fifth Third Bancorp purchased a new position in shares of Copa in the second quarter worth about $25,000. Montag A & Associates Inc. purchased a new position in shares of Copa in the first quarter worth about $30,000. Bayforest Capital Ltd purchased a new position in shares of Copa in the first quarter worth about $36,000. US Bancorp DE increased its stake in shares of Copa by 378.1% in the first quarter. US Bancorp DE now owns 502 shares of the transportation company’s stock worth $46,000 after purchasing an additional 397 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Copa in the first quarter worth about $50,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Copa Price Performance

CPA stock opened at $125.07 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.04 and a quick ratio of 0.93. Copa Holdings, S.A. has a one year low of $82.54 and a one year high of $130.00. The stock has a market cap of $5.15 billion, a PE ratio of 8.13, a P/E/G ratio of 1.11 and a beta of 1.30. The firm has a 50 day simple moving average of $118.76 and a two-hundred day simple moving average of $107.70.

Copa (NYSE:CPA) last released its quarterly earnings results on Wednesday, August 6th. The transportation company reported $3.61 EPS for the quarter, topping analysts’ consensus estimates of $3.25 by $0.36. Copa had a net margin of 18.36% and a return on equity of 26.22%. The business had revenue of $842.60 million during the quarter, compared to analysts’ expectations of $833.12 million. During the same quarter in the previous year, the company earned $2.88 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, analysts predict that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Friday, August 29th. Copa’s payout ratio is currently 41.87%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Evercore ISI lifted their target price on shares of Copa from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Raymond James Financial reiterated a “strong-buy” rating on shares of Copa in a research note on Friday, August 8th. Citigroup reduced their target price on shares of Copa from $159.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price objective (up previously from $125.00) on shares of Copa in a research note on Monday, August 11th. Finally, TD Cowen boosted their price objective on shares of Copa from $144.00 to $147.00 and gave the company a “buy” rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $155.33.

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.