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

Shares of Copa Holdings, S.A. (NYSE:CPA) have earned an average recommendation of “Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $148.83.

CPA has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reduced 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. Evercore ISI dropped their target price on shares of Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. cut their target price on Copa from $180.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. TD Cowen decreased their price target on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, StockNews.com cut Copa from a “buy” rating to a “hold” rating in a research report on Saturday, November 16th.

Copa Trading Down 12.1 %

Shares of Copa stock opened at $93.04 on Friday. The company has a market capitalization of $3.67 billion, a P/E ratio of 5.69, a price-to-earnings-growth ratio of 0.67 and a beta of 1.48. The stock has a fifty day simple moving average of $96.90 and a 200 day simple moving average of $95.09. Copa has a 12-month low of $80.01 and a 12-month high of $114.00. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a $1.61 dividend. The ex-dividend date is Monday, December 2nd. This represents a $6.44 annualized dividend and a dividend yield of 6.92%. Copa’s payout ratio is presently 39.41%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its holdings in Copa by 72.9% during the 1st quarter. Russell Investments Group Ltd. now owns 11,141 shares of the transportation company’s stock valued at $1,160,000 after acquiring an additional 4,696 shares during the period. State Board of Administration of Florida Retirement System bought a new stake in shares of Copa during the 1st quarter valued at $3,207,000. Kingsview Wealth Management LLC purchased a new stake in Copa during the 1st quarter worth about $215,000. Seven Eight Capital LP boosted its stake in Copa by 49.0% in the 1st quarter. Seven Eight Capital LP now owns 12,238 shares of the transportation company’s stock worth $1,275,000 after purchasing an additional 4,025 shares during the period. Finally, Capital World Investors boosted its position in shares of 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 during the period. 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.