Copa Holdings, S.A. (NYSE:CPA) Stock Has Average Target Price of $172.20

Shares of Copa Holdings, S.A. (NYSE:CPA) have earned an average recommendation of “Buy” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $172.20.

Several brokerages have commented on CPA. Wall Street Zen downgraded Copa from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. UBS Group reduced their price objective on shares of Copa from $195.00 to $185.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Raymond James Financial reduced their price objective on shares of Copa from $195.00 to $185.00 and set a “strong-buy” rating for the company in a research note on Monday, August 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Copa in a report on Tuesday, August 11th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Copa by 3.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,396,963 shares of the transportation company’s stock valued at $158,691,000 after acquiring an additional 52,243 shares during the period. Cullen Capital Management LLC acquired a new stake in shares of Copa in the second quarter valued at about $88,871,000. Sei Investments Co. grew its position in shares of Copa by 5.1% in the first quarter. Sei Investments Co. now owns 351,310 shares of the transportation company’s stock valued at $39,912,000 after purchasing an additional 17,113 shares during the last quarter. INCA Investments LLC bought a new position in shares of Copa in the first quarter worth about $26,950,000. Finally, Artemis Investment Management LLP increased its stake in shares of Copa by 64.9% in the third quarter. Artemis Investment Management LLP now owns 159,559 shares of the transportation company’s stock worth $21,038,000 after purchasing an additional 62,789 shares during the period. Institutional investors own 70.09% of the company’s stock.

Copa Stock Down 0.2%

Shares of CPA stock opened at $132.68 on Friday. The stock’s 50 day simple moving average is $131.95 and its 200 day simple moving average is $133.85. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 1.06. Copa has a twelve month low of $107.44 and a twelve month high of $160.46. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 1.27 and a beta of 1.05.

Copa (NYSE:CPA) last posted its earnings results on Saturday, August 8th. The transportation company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.21). The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. Copa had a return on equity of 22.40% and a net margin of 15.71%. The firm’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.61 earnings per share. As a group, research analysts predict that Copa will post 14.78 EPS for the current year.

Copa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were paid a $1.71 dividend. The ex-dividend date was Monday, August 31st. This represents a $6.84 dividend on an annualized basis and a yield of 5.2%. Copa’s dividend payout ratio (DPR) is presently 44.97%.

Copa Company Profile

Copa Holdings, SA is a Panama-based airline holding company whose principal subsidiary is Copa Airlines, a commercial carrier serving destinations throughout the Americas. The company provides scheduled passenger and cargo air transportation, connecting Panama and other Latin American markets with destinations in North, Central and South America and the Caribbean.

Copa Airlines operates its primary hub at Tocumen International Airport in Panama City. The hub supports the airline’s “Hub of the Americas” network, allowing passengers to connect between cities across the region.