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

Copa Holdings, S.A. (NYSE:CPA) has earned an average recommendation of “Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $148.83.

Several analysts have weighed in on the company. Raymond James boosted their price target on Copa from $165.00 to $168.00 and gave the company a “strong-buy” rating in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft dropped their price target on Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Evercore ISI dropped their price target on Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. dropped their price target on Copa from $180.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Finally, TD Cowen dropped their price target on Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.

Copa Stock Down 1.5 %

Shares of CPA stock opened at $89.03 on Friday. Copa has a 1-year low of $78.12 and a 1-year high of $114.00. The stock’s fifty day moving average price is $90.82 and its 200 day moving average price is $96.99. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.98 and a quick ratio of 0.89. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 6.41, a price-to-earnings-growth ratio of 0.56 and a beta of 1.47.

Copa (NYSE:CPA) last announced its earnings results on Wednesday, August 7th. The transportation company reported $2.88 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.11. Copa had a return on equity of 30.81% and a net margin of 19.31%. The firm had revenue of $819.40 million for the quarter, compared to the consensus estimate of $838.13 million. During the same period in the previous year, the business earned $3.92 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, research analysts expect that Copa will post 14.81 earnings per share for the current fiscal year.

Copa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $1.61 dividend. The ex-dividend date is Friday, August 30th. This represents a $6.44 annualized dividend and a dividend yield of 7.23%. Copa’s dividend payout ratio (DPR) is presently 46.33%.

Hedge Funds Weigh In On Copa

A number of hedge funds have recently bought and sold shares of CPA. Dimensional Fund Advisors LP boosted its position in Copa by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 687,771 shares of the transportation company’s stock worth $73,119,000 after purchasing an additional 38,326 shares in the last quarter. Paradice Investment Management LLC boosted its position in Copa by 13.3% during the fourth quarter. Paradice Investment Management LLC now owns 67,444 shares of the transportation company’s stock worth $7,170,000 after purchasing an additional 7,901 shares in the last quarter. Marathon Capital Management lifted its position in shares of Copa by 11.7% in the fourth quarter. Marathon Capital Management now owns 60,273 shares of the transportation company’s stock valued at $6,408,000 after acquiring an additional 6,310 shares in the last quarter. Brandes Investment Partners LP lifted its position in shares of Copa by 6.2% in the fourth quarter. Brandes Investment Partners LP now owns 444,576 shares of the transportation company’s stock valued at $47,263,000 after acquiring an additional 25,811 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of Copa by 2.4% in the fourth quarter. Hsbc Holdings PLC now owns 78,135 shares of the transportation company’s stock valued at $8,321,000 after acquiring an additional 1,799 shares in the last quarter. 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 327 daily scheduled flights to 78 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2022, it operated a fleet of 97 aircraft comprising 67 Boeing 737-800 Next Generation aircraft, 9 Boeing 737-700 Next Generation aircraft, 1 Boeing 737-800 Boeing Converted Freighter, and 20 737-MAX aircraft.