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

Shares of Copa Holdings, S.A. (NYSE:CPA) have been given an average rating of “Buy” by the eight research firms that are currently covering the company, Marketbeat 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 1-year price objective among analysts that have covered the stock in the last year is $153.29.

A number of research analysts recently commented on CPA shares. UBS Group raised their price target on Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Cowen reiterated a “buy” rating on shares of Copa in a research note on Tuesday, February 18th. Finally, StockNews.com cut shares of Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th.

Copa Trading Down 1.6 %

Shares of NYSE:CPA opened at $93.26 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.60. The business has a 50 day moving average of $91.19 and a 200-day moving average of $92.76. Copa has a 12-month low of $80.01 and a 12-month high of $114.00. The stock has a market cap of $3.92 billion, a PE ratio of 6.41, a P/E/G ratio of 0.87 and a beta of 1.44.

Copa (NYSE:CPA) last issued its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.84 by $0.15. Copa had a return on equity of 26.70% and a net margin of 17.67%. As a group, equities research analysts forecast that Copa will post 15.48 earnings per share for the current year.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a dividend yield of 6.91%. The ex-dividend date of this dividend is Friday, February 28th. Copa’s dividend payout ratio (DPR) is presently 44.23%.

Hedge Funds Weigh In On Copa

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in shares of Copa by 0.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,628,609 shares of the transportation company’s stock worth $231,002,000 after buying an additional 11,300 shares in the last quarter. FMR LLC grew its position in Copa by 18.1% during the 4th quarter. FMR LLC now owns 1,503,772 shares of the transportation company’s stock worth $132,151,000 after acquiring an additional 230,653 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Copa by 17.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,084,323 shares of the transportation company’s stock worth $95,290,000 after purchasing an additional 159,470 shares in the last quarter. Carrhae Capital LLP raised its position in Copa by 26.3% in the fourth quarter. Carrhae Capital LLP now owns 701,867 shares of the transportation company’s stock valued at $61,680,000 after purchasing an additional 145,967 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its stake in shares of Copa by 8.6% during the fourth 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 in the last quarter. Institutional investors own 70.09% of the company’s stock.

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.