Brokerages Set Copa Holdings, S.A. (NYSE:CPA) Price Target at $148.83

Shares of Copa Holdings, S.A. (NYSE:CPA) have received an average rating of “Buy” from the six brokerages that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $148.83.

A number of brokerages recently issued reports on CPA. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a report on Wednesday. TD Cowen lowered their target price on shares of Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, August 9th. JPMorgan Chase & Co. lowered their target price 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 target price on shares of Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Evercore ISI lowered their target price on shares of Copa from $165.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th.

Copa Trading Up 1.6 %

Shares of CPA 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 12-month low of $78.12 and a 12-month high of $114.00. The firm has a 50-day moving average price of $92.33 and a 200 day moving average price of $95.01. The firm has a market capitalization of $3.97 billion, a P/E ratio of 7.25, a P/E/G ratio of 0.59 and a beta of 1.49.

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

Copa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 6.39%. The ex-dividend date was Friday, August 30th. Copa’s payout ratio is 46.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital World Investors raised its holdings in Copa by 3.7% in the first quarter. Capital World Investors now owns 4,068,558 shares of the transportation company’s stock valued at $423,781,000 after acquiring an additional 144,806 shares in the last quarter. Sprucegrove Investment Management Ltd. raised its holdings in Copa by 8.3% in the second quarter. Sprucegrove Investment Management Ltd. now owns 3,086,189 shares of the transportation company’s stock valued at $293,743,000 after acquiring an additional 236,850 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Copa by 1.9% in the second quarter. Renaissance Technologies LLC now owns 871,928 shares of the transportation company’s stock valued at $82,990,000 after acquiring an additional 16,100 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Copa by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 829,478 shares of the transportation company’s stock valued at $78,950,000 after acquiring an additional 65,525 shares in the last quarter. Finally, Carrhae Capital LLP acquired a new stake in Copa in the third quarter valued at approximately $52,166,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.

About Copa

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.