Copa Holdings, S.A. (NYSE:CPA) Receives Average Rating of “Buy” from Analysts

Copa Holdings, S.A. (NYSE:CPA) has been assigned a consensus recommendation of “Buy” from the twelve brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $172.20.

A number of research analysts have issued reports on CPA shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Copa in a report on Tuesday, August 11th. Raymond James Financial cut their price objective on Copa from $195.00 to $185.00 and set a “strong-buy” rating on the stock in a report on Monday, August 24th. JPMorgan Chase & Co. lifted their price objective on shares of Copa from $165.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. UBS Group dropped their price objective on shares of Copa from $195.00 to $185.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Finally, Wall Street Zen lowered shares of Copa from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th.

Institutional Investors Weigh In On Copa

Several hedge funds have recently bought and sold shares of the stock. Cullen Capital Management LLC acquired a new position in Copa in the 2nd quarter valued at about $88,871,000. INCA Investments LLC purchased a new position in shares of Copa in the 1st quarter valued at approximately $26,950,000. Fourth Sail Capital LP acquired a new position in shares of Copa in the fourth quarter valued at approximately $15,703,000. Globeflex Capital L P acquired a new position in shares of Copa in the second quarter valued at approximately $13,579,000. Finally, Quantinno Capital Management LP increased its holdings in shares of Copa by 94.7% in the first quarter. Quantinno Capital Management LP now owns 143,618 shares of the transportation company’s stock valued at $16,316,000 after purchasing an additional 69,838 shares during the period. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Copa Stock Up 3.6%

Shares of NYSE CPA opened at $133.52 on Monday. Copa has a 52-week low of $107.44 and a 52-week high of $160.46. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 1.20 and a beta of 0.99. The stock has a 50 day moving average price of $134.09 and a 200 day moving average price of $131.68. 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 (NYSE:CPA) last issued its quarterly earnings data on Saturday, August 8th. The transportation company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.21). The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. Copa had a net margin of 15.71% and a return on equity of 22.40%. Copa’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.61 EPS. Sell-side analysts expect that Copa will post 15.22 earnings per share for the current year.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 5.1%. The ex-dividend date was Monday, August 31st. Copa’s dividend payout ratio (DPR) is currently 44.97%.

Copa Company Profile

Copa Holdings, SA is a Panama-based airline holding company whose principal subsidiary is Compañía Panameña de Aviación, SA, known as Copa Airlines. The company provides scheduled passenger air transportation, connecting Panama and other destinations across North, Central and South America and the Caribbean. Copa also offers related cargo transportation services.

Copa Airlines operates its primary hub at Tocumen International Airport in Panama City, which serves as a connecting point for travel throughout the Americas.