Analysts Set Copa Holdings, S.A. (NYSE:CPA) Target Price at $168.91

Shares of Copa Holdings, S.A. (NYSE:CPA) have been assigned an average rating of “Buy” from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $171.7273.

A number of brokerages recently issued reports on CPA. Bank of America decreased their price target on Copa from $212.00 to $171.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Citigroup reduced their target price on Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th. Raymond James Financial lifted their target price on Copa from $190.00 to $195.00 and gave the stock a “strong-buy” rating in a research report on Tuesday. Jefferies Financial Group began coverage on shares of Copa in a research note on Thursday, June 18th. They set a “buy” rating and a $185.00 target price for the company. Finally, Evercore restated an “outperform” rating and issued a $175.00 price target on shares of Copa in a report on Friday, May 15th.

Copa Stock Performance

Shares of NYSE:CPA opened at $147.18 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. Copa has a 12 month low of $106.56 and a 12 month high of $160.46. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 1.06 and a beta of 1.00. The firm’s 50-day moving average is $140.82 and its 200 day moving average is $132.10.

Copa (NYSE:CPA) last announced its earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.73. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Copa had a return on equity of 26.01% and a net margin of 18.76%.The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.28 earnings per share. Research analysts predict that Copa will post 16.54 EPS for the current year.

Copa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Friday, May 29th. Copa’s payout ratio is 39.88%.

Hedge Funds Weigh In On Copa

A number of hedge funds have recently added to or reduced their stakes in the stock. Elevation Wealth Partners LLC raised its stake 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 acquiring an additional 118 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Copa in the second quarter valued at approximately $1,036,000. Quad Cities Investment Group LLC grew its stake in Copa by 1.8% in the second quarter. Quad Cities Investment Group LLC now owns 8,502 shares of the transportation company’s stock worth $1,323,000 after purchasing an additional 152 shares in the last quarter. Versant Capital Management Inc grew its stake in Copa by 208.5% in the second quarter. Versant Capital Management Inc now owns 1,197 shares of the transportation company’s stock worth $186,000 after purchasing an additional 809 shares in the last quarter. Finally, Confluence Investment Management LLC increased its holdings in Copa by 12.3% during the 2nd quarter. Confluence Investment Management LLC now owns 2,202 shares of the transportation company’s stock worth $343,000 after purchasing an additional 242 shares during the period. 70.09% of the stock is currently owned by institutional investors.

Copa Company Profile

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.