Copa Holdings, S.A. (NYSE:CPA) Receives $148.83 Consensus Price Target from Analysts

Shares of Copa Holdings, S.A. (NYSE:CPA) have received an average rating of “Buy” from the six analysts that are currently covering the company, 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 1 year price objective among analysts that have issued a report on the stock in the last year is $148.83.

Separately, StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a report on Monday, November 25th.

Institutional Trading of Copa

Large investors have recently made changes to their positions in the company. CWA Asset Management Group LLC lifted its stake in Copa by 24.7% during the fourth quarter. CWA Asset Management Group LLC now owns 8,116 shares of the transportation company’s stock worth $713,000 after purchasing an additional 1,605 shares during the last quarter. Optimist Retirement Group LLC acquired a new stake in Copa in the third quarter valued at about $240,000. TT International Asset Management LTD bought a new position in Copa in the third quarter valued at about $4,723,000. Barclays PLC raised its stake in Copa by 44.2% during the third quarter. Barclays PLC now owns 24,721 shares of the transportation company’s stock worth $2,319,000 after acquiring an additional 7,576 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Copa in the third quarter worth about $9,764,000. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Stock Up 2.9 %

Shares of CPA opened at $88.60 on Friday. The firm’s 50-day simple moving average is $92.93 and its 200 day simple moving average is $92.51. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 1.09. The firm has a market cap of $3.49 billion, a P/E ratio of 5.86, a price-to-earnings-growth ratio of 0.72 and a beta of 1.44. Copa has a 52 week low of $80.01 and a 52 week high of $114.00.

Copa (NYSE:CPA) last announced its earnings results on Wednesday, November 20th. The transportation company reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.48 by $0.02. The company had revenue of $854.71 million for the quarter, compared to analyst estimates of $864.90 million. Copa had a return on equity of 28.46% and a net margin of 18.20%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $4.39 earnings per share. On average, analysts forecast that Copa will post 14.48 earnings per share for the current year.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were paid a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 7.27%. The ex-dividend date was Monday, December 2nd. Copa’s dividend payout ratio (DPR) is presently 42.59%.

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.