Copa Holdings, S.A. (NYSE:CPA) Given Average Recommendation of “Buy” by Analysts

Copa Holdings, S.A. (NYSE:CPA) has received a consensus recommendation of “Buy” from the eight ratings firms that are covering the company, Marketbeat reports. Seven analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $153.29.

Several analysts recently commented on the company. StockNews.com lowered Copa from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. UBS Group boosted their price target on Copa from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, Cowen reissued a “buy” rating on shares of Copa in a report on Tuesday.

Copa Stock Performance

Shares of CPA opened at $94.75 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.10 and a quick ratio of 0.99. Copa has a one year low of $80.01 and a one year high of $114.00. The firm has a market capitalization of $3.98 billion, a P/E ratio of 6.51, a PEG ratio of 0.87 and a beta of 1.44. The business has a fifty day moving average of $90.91 and a 200 day moving average of $92.61.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 EPS for the quarter, topping the consensus estimate of $3.84 by $0.15. Copa had a return on equity of 26.70% and a net margin of 17.67%. As a group, sell-side analysts anticipate that Copa will post 15.48 EPS for the current year.

Copa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.80%. The ex-dividend date of this dividend is Friday, February 28th. Copa’s dividend payout ratio (DPR) is 44.23%.

Hedge Funds Weigh In On Copa

Hedge funds have recently made changes to their positions in the business. Bell Investment Advisors Inc lifted its position in shares of Copa by 29.6% in the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock worth $59,000 after buying an additional 143 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Copa during the third quarter valued at approximately $82,000. EverSource Wealth Advisors LLC raised its position in Copa by 147.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company’s stock valued at $87,000 after purchasing an additional 591 shares during the period. Optimist Retirement Group LLC bought a new position in shares of Copa during the third quarter valued at approximately $240,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Copa during the fourth quarter valued at approximately $225,000. Institutional investors own 70.09% of the company’s stock.

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.