Copa (NYSE:CPA) Downgraded to Hold Rating by StockNews.com

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

Separately, Cowen restated a “buy” rating on shares of Copa in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Copa presently has a consensus rating of “Moderate Buy” and an average price target of $150.83.

Copa Trading Up 1.3%

CPA stock opened at $104.22 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10. The company’s 50-day simple moving average is $92.61 and its 200 day simple moving average is $92.62. Copa has a 52 week low of $80.01 and a 52 week high of $110.00. The company has a market capitalization of $4.29 billion, a PE ratio of 7.16, a price-to-earnings-growth ratio of 0.87 and a beta of 1.26.

Copa (NYSE:CPA) last released its quarterly earnings results on Wednesday, May 7th. The transportation company reported $4.28 EPS for the quarter, beating the consensus estimate of $3.77 by $0.51. Copa had a net margin of 17.67% and a return on equity of 26.70%. The business had revenue of $899.18 million for the quarter, compared to the consensus estimate of $888.82 million. During the same period in the prior year, the company posted $4.19 earnings per share. Copa’s revenue was up .6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Copa will post 15.48 earnings per share for the current year.

Copa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $1.61 per share. The ex-dividend date is Friday, May 30th. This represents a $6.44 dividend on an annualized basis and a yield of 6.18%. Copa’s payout ratio is 43.96%.

Institutional Investors Weigh In On Copa

Large investors have recently bought and sold shares of the company. Montag A & Associates Inc. acquired a new stake in Copa during the first quarter worth about $30,000. Bayforest Capital Ltd acquired a new stake in Copa during the first quarter worth about $36,000. US Bancorp DE lifted its holdings in shares of Copa by 378.1% in the first quarter. US Bancorp DE now owns 502 shares of the transportation company’s stock worth $46,000 after acquiring an additional 397 shares during the last quarter. Quarry LP bought a new position in shares of Copa in the first quarter worth about $50,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Copa by 8,175.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 662 shares of the transportation company’s stock worth $61,000 after acquiring an additional 654 shares during the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.

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.