Copa Holdings, S.A. (NYSE:CPA) Receives $168.91 Average PT from Brokerages

Shares of Copa Holdings, S.A. (NYSE:CPA) have received an average rating of “Buy” from the thirteen brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $168.9091.

CPA has been the topic of several research analyst reports. UBS Group upped their price objective on shares of Copa from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Evercore reissued an “outperform” rating and issued a $175.00 price target on shares of Copa in a research note on Friday, May 15th. Wall Street Zen raised shares of Copa from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Barclays lowered their price objective on shares of Copa from $185.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Copa from $165.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd.

Hedge Funds Weigh In On Copa

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in Copa by 1,361,326.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 258,671 shares of the transportation company’s stock worth $31,198,000 after buying an additional 258,652 shares in the last quarter. INCA Investments LLC bought a new position in Copa during the first quarter valued at approximately $26,950,000. Balyasny Asset Management L.P. raised its stake in shares of Copa by 428.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 258,251 shares of the transportation company’s stock worth $31,148,000 after acquiring an additional 209,381 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Copa during the fourth quarter worth approximately $18,813,000. Finally, Clark Capital Management Group Inc. lifted its holdings in shares of Copa by 35.2% in the 3rd quarter. Clark Capital Management Group Inc. now owns 550,805 shares of the transportation company’s stock worth $65,447,000 after acquiring an additional 143,497 shares during the last quarter. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Copa Price Performance

Copa stock opened at $150.67 on Wednesday. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 1.11 and a beta of 1.00. The company has a quick ratio of 1.06, a current ratio of 1.16 and a debt-to-equity ratio of 0.66. The business has a 50-day simple moving average of $139.58 and a 200 day simple moving average of $131.76. Copa has a 52 week low of $106.56 and a 52 week high of $160.46.

Copa (NYSE:CPA) last released its quarterly earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.73. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Copa had a return on equity of 26.01% and a net margin of 18.76%.The company’s revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm posted $4.28 EPS. On average, research analysts forecast that Copa will post 16.54 earnings per share for the current fiscal year.

Copa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $1.71 per share. The ex-dividend date was Friday, May 29th. This represents a $6.84 dividend on an annualized basis and a yield of 4.5%. Copa’s dividend payout ratio (DPR) is presently 39.88%.

About Copa

Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.