Copa (NYSE:CPA) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Copa (NYSE:CPA) from a buy rating to a hold rating in a report published on Wednesday.

Several other equities research analysts also recently commented on CPA. Evercore ISI reduced their price objective on Copa from $165.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. reduced their price target on shares of Copa from $180.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. 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. Finally, TD Cowen cut their target price on shares of Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, August 9th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Copa presently has a consensus rating of “Buy” and an average target price of $148.83.

Copa Trading Down 0.5 %

NYSE CPA opened at $100.36 on Wednesday. The stock’s fifty day moving average price is $92.99 and its 200-day moving average price is $95.08. The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 0.56. The stock has a market cap of $3.96 billion, a P/E ratio of 7.22, a P/E/G ratio of 0.59 and a beta of 1.49. Copa has a 12 month low of $78.12 and a 12 month high of $114.00.

Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, August 7th. The transportation company reported $2.88 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.11. The business had revenue of $819.40 million during the quarter, compared to analyst estimates of $838.13 million. Copa had a net margin of 19.31% and a return on equity of 30.81%. Copa’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business earned $3.92 EPS. As a group, equities analysts forecast that Copa will post 14.56 EPS for the current fiscal year.

Copa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $1.61 dividend. The ex-dividend date was Friday, August 30th. This represents a $6.44 annualized dividend and a yield of 6.42%. Copa’s payout ratio is presently 46.33%.

Institutional Investors Weigh In On Copa

Hedge funds have recently modified their holdings of the business. Hexagon Capital Partners LLC raised its holdings in Copa by 15.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 776 shares of the transportation company’s stock worth $81,000 after purchasing an additional 102 shares during the period. Rhumbline Advisers increased its position in Copa by 69,000.0% in the second quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock worth $132,000 after buying an additional 1,380 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Copa in the first quarter worth about $215,000. Mackenzie Financial Corp lifted its position 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 valued at $256,000 after buying an additional 610 shares in the last quarter. Finally, Qsemble Capital Management LP bought a new position in shares of Copa during the 2nd quarter valued at approximately $268,000. Institutional investors own 70.09% of the company’s stock.

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.