Copa Holdings, S.A. (NYSE:CPA) Receives $153.29 Average Target Price from Analysts

Shares of Copa Holdings, S.A. (NYSE:CPA) have been assigned an average recommendation of “Buy” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $153.29.

A number of research firms have commented on CPA. UBS Group raised their price target on shares of Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Cowen reissued a “buy” rating on shares of Copa in a research report on Tuesday, February 18th. Finally, StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th.

Copa Trading Down 0.4 %

NYSE CPA opened at $94.20 on Thursday. The stock has a market capitalization of $3.96 billion, a P/E ratio of 6.47, a P/E/G ratio of 0.87 and a beta of 1.42. The business has a 50 day simple moving average of $93.20 and a 200 day simple moving average of $93.22. 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.

Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.84 by $0.15. Copa had a return on equity of 26.70% and a net margin of 17.67%. Research analysts expect that Copa will post 15.48 earnings per share for the current year.

Copa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a dividend yield of 6.84%. The ex-dividend date of this dividend was Friday, February 28th. Copa’s payout ratio is presently 44.23%.

Hedge Funds Weigh In On Copa

Several large investors have recently added to or reduced their stakes in the business. LPL Financial LLC raised its stake in shares of Copa by 4.3% in the fourth quarter. LPL Financial LLC now owns 3,204 shares of the transportation company’s stock worth $282,000 after purchasing an additional 132 shares during the last quarter. Bell Investment Advisors Inc grew its holdings in Copa by 29.6% during 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. Carolina Wealth Advisors LLC raised its position in Copa by 2.7% in the 4th quarter. Carolina Wealth Advisors LLC now owns 6,408 shares of the transportation company’s stock valued at $563,000 after buying an additional 166 shares during the last quarter. Silvercrest Asset Management Group LLC raised its position in Copa by 1.1% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 16,060 shares of the transportation company’s stock valued at $1,411,000 after buying an additional 169 shares during the last quarter. Finally, Privium Fund Management UK Ltd lifted its stake in Copa by 2.6% during the 4th quarter. Privium Fund Management UK Ltd now owns 7,114 shares of the transportation company’s stock valued at $624,000 after acquiring an additional 178 shares in the last quarter. 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.