Brokerages Set Copa Holdings, S.A. (NYSE:CPA) PT at $172.20

Copa Holdings, S.A. (NYSE:CPA) has been given an average rating of “Buy” by the twelve research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $172.20.

CPA has been the subject of several recent analyst reports. Evercore reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Copa in a report on Friday, May 15th. UBS Group lowered their price target on Copa from $195.00 to $185.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Copa in a research report on Tuesday, August 11th. Jefferies Financial Group initiated coverage on Copa in a research note on Thursday, June 18th. They set a “buy” rating and a $185.00 target price for the company. Finally, Wall Street Zen lowered Copa from a “buy” rating to a “hold” rating in a report on Saturday, August 15th.

Copa Stock Up 2.7%

Shares of CPA stock opened at $128.83 on Thursday. The stock’s 50 day simple moving average is $140.89 and its 200 day simple moving average is $132.71. Copa has a twelve month low of $107.44 and a twelve month high of $160.46. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 1.06. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 1.15 and a beta of 0.99.

Copa (NYSE:CPA) last announced its earnings results on Saturday, August 8th. The transportation company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.21). Copa had a return on equity of 22.40% and a net margin of 15.71%.The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the company earned $3.61 EPS. The firm’s revenue for the quarter was up 25.7% compared to the same quarter last year. As a group, research analysts predict that Copa will post 15.35 EPS for the current year.

Copa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $1.71 dividend. The ex-dividend date is Monday, August 31st. This represents a $6.84 annualized dividend and a dividend yield of 5.3%. Copa’s dividend payout ratio (DPR) is presently 44.97%.

Institutional Trading of Copa

A number of hedge funds have recently bought and sold shares of the stock. Elevation Wealth Partners LLC raised its position in shares of Copa by 240.8% during the second quarter. Elevation Wealth Partners LLC now owns 167 shares of the transportation company’s stock valued at $26,000 after buying an additional 118 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in Copa during the fourth quarter valued at about $27,000. Empowered Funds LLC acquired a new position in Copa in the 4th quarter valued at approximately $29,000. US Bancorp DE lifted its position in shares of Copa by 90.2% in the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after acquiring an additional 120 shares during the period. Finally, SJS Investment Consulting Inc. lifted its position in shares of Copa by 284.2% in the 1st quarter. SJS Investment Consulting Inc. now owns 292 shares of the transportation company’s stock worth $33,000 after acquiring an additional 216 shares during the period. 70.09% of the stock is owned by institutional investors.

About Copa

Copa Holdings, SA (NYSE:CPA) is a Panama?based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.