Copa Holdings, S.A. (NYSE:CPA) Receives $153.29 Consensus PT from Brokerages

Copa Holdings, S.A. (NYSE:CPA) has received a consensus rating of “Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $153.29.

CPA has been the subject of a number of research analyst reports. Cowen restated a “buy” rating on shares of Copa in a report on Tuesday, February 18th. StockNews.com upgraded Copa from a “hold” rating to a “buy” rating in a report on Friday.

Copa Price Performance

NYSE:CPA opened at $98.41 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10. The stock’s 50-day simple moving average is $91.69 and its 200 day simple moving average is $92.49. The company has a market cap of $4.14 billion, a P/E ratio of 6.76, a P/E/G ratio of 0.87 and a beta of 1.26. Copa has a 52-week low of $80.01 and a 52-week high of $114.00.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, May 7th. The transportation company reported $4.28 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.51. Copa had a return on equity of 26.70% and a net margin of 17.67%. The firm had revenue of $899.18 million for the quarter, compared to the consensus estimate of $888.82 million. During the same quarter in the previous year, the business earned $4.19 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. As a group, sell-side analysts forecast that Copa will post 15.48 EPS for the current fiscal year.

Copa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a yield of 6.54%. The ex-dividend date of this dividend is Friday, May 30th. Copa’s payout ratio is presently 43.96%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in Copa by 0.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,628,609 shares of the transportation company’s stock worth $231,002,000 after acquiring an additional 11,300 shares during the period. FMR LLC boosted its stake in Copa by 18.1% during the 4th quarter. FMR LLC now owns 1,503,772 shares of the transportation company’s stock valued at $132,151,000 after purchasing an additional 230,653 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Copa by 17.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,084,323 shares of the transportation company’s stock valued at $95,290,000 after purchasing an additional 159,470 shares during the last quarter. Carrhae Capital LLP boosted its stake in Copa by 10.8% during the 1st quarter. Carrhae Capital LLP now owns 777,929 shares of the transportation company’s stock valued at $71,927,000 after purchasing an additional 76,062 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its stake in Copa by 8.6% during the 4th quarter. Brandes Investment Partners LP now owns 561,901 shares of the transportation company’s stock valued at $49,380,000 after purchasing an additional 44,298 shares during the last quarter. 70.09% of the stock is currently owned by institutional investors.

Copa Company Profile

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.