Copa (NYSE:CPA) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Copa (NYSE:CPA) from a buy rating to a hold rating in a report released on Monday morning.

Several other research analysts have also recently issued reports on CPA. Evercore ISI reduced their price objective on Copa from $165.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. TD Cowen decreased their price objective on shares of Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, August 9th. 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 report on Thursday, August 8th. Finally, JPMorgan Chase & Co. reduced their price objective on Copa from $180.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Copa currently has an average rating of “Buy” and an average target price of $148.83.

Copa Stock Up 0.4 %

CPA stock opened at $93.30 on Monday. The stock has a market capitalization of $3.68 billion, a PE ratio of 6.14, a price-to-earnings-growth ratio of 0.74 and a beta of 1.48. The company has a quick ratio of 0.89, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average of $97.13 and a 200 day moving average of $94.81. Copa has a 52 week low of $80.01 and a 52 week high of $114.00.

Copa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date is Monday, December 2nd. Copa’s dividend payout ratio (DPR) is presently 42.59%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Optimist Retirement Group LLC purchased a new stake in Copa in the 3rd quarter worth $240,000. TT International Asset Management LTD purchased a new stake in shares of Copa during the third quarter worth about $4,723,000. Barclays PLC lifted its stake in Copa by 44.2% in the 3rd quarter. Barclays PLC now owns 24,721 shares of the transportation company’s stock valued at $2,319,000 after buying an additional 7,576 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Copa during the third quarter valued at approximately $9,764,000. Finally, Two Sigma Advisers LP boosted its stake in shares of Copa by 250.1% in the third quarter. Two Sigma Advisers LP now owns 128,505 shares of the transportation company’s stock worth $12,059,000 after acquiring an additional 91,805 shares during 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 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.