Copa Holdings, S.A. (NYSE:CPA) Receives $148.83 Average Target Price from Analysts

Shares of Copa Holdings, S.A. (NYSE:CPA) have earned a consensus rating of “Buy” from the six analysts that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $148.83.

A number of equities analysts have recently commented on the stock. Evercore ISI cut their target price on shares of Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered their price objective on shares of Copa from $180.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Finally, TD Cowen lowered their price objective on shares of Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, August 9th.

Copa Stock Up 1.6 %

CPA stock opened at $100.72 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 0.56. Copa has a twelve month low of $78.12 and a twelve month high of $114.00. The company’s 50 day moving average is $92.33 and its two-hundred day moving average is $95.01. The stock has a market cap of $3.97 billion, a P/E ratio of 7.25, a PEG ratio of 0.59 and a beta of 1.49.

Copa (NYSE:CPA) last announced its earnings results on Wednesday, August 7th. The transportation company reported $2.88 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.11. The business had revenue of $819.40 million for the quarter, compared to analysts’ expectations of $838.13 million. Copa had a net margin of 19.31% and a return on equity of 30.81%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.92 EPS. Research analysts expect that Copa will post 14.56 earnings per share for the current fiscal year.

Copa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $1.61 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $6.44 annualized dividend and a dividend yield of 6.39%. Copa’s payout ratio is currently 46.33%.

Institutional Investors Weigh In On Copa

Several institutional investors have recently made changes to their positions in the stock. Hexagon Capital Partners LLC raised its stake in shares of Copa by 15.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 776 shares of the transportation company’s stock worth $81,000 after buying an additional 102 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Copa by 69,000.0% during the 2nd quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock worth $132,000 after buying an additional 1,380 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of Copa during the 4th quarter worth $202,000. Kingsview Wealth Management LLC acquired a new position in shares of Copa during the 1st quarter worth $215,000. Finally, Mackenzie Financial Corp raised its stake in shares of Copa by 29.3% during the 2nd quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock worth $256,000 after buying an additional 610 shares during the last quarter. 70.09% of the stock is currently owned by hedge funds and other 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.