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

Copa Holdings, S.A. (NYSE:CPA) has been assigned a consensus rating of “Buy” from the seven brokerages that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $153.29.

A number of brokerages recently commented on CPA. UBS Group increased their price objective on shares of Copa from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a research report on Saturday.

Copa Trading Up 1.8 %

Shares of Copa stock opened at $93.13 on Wednesday. The company has a 50-day moving average of $90.21 and a two-hundred day moving average of $92.17. The stock has a market cap of $3.92 billion, a PE ratio of 6.16, a price-to-earnings-growth ratio of 0.68 and a beta of 1.44. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.56. Copa has a 12-month low of $80.01 and a 12-month high of $114.00.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, November 20th. The transportation company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.02. Copa had a return on equity of 28.46% and a net margin of 18.20%. The firm had revenue of $854.71 million during the quarter, compared to analysts’ expectations of $864.90 million. During the same period in the previous year, the firm posted $4.39 earnings per share. Copa’s revenue was down 1.5% on a year-over-year basis. On average, research analysts anticipate that Copa will post 14.44 EPS for the current fiscal year.

Copa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were issued a dividend of $1.61 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.92%. Copa’s dividend payout ratio (DPR) is presently 42.59%.

Institutional Trading of Copa

A number of hedge funds have recently bought and sold shares of the company. Bell Investment Advisors Inc raised its holdings in Copa by 29.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock valued at $59,000 after acquiring an additional 143 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Copa in the third quarter valued at $82,000. SG Americas Securities LLC increased its stake in Copa by 90.0% in the fourth quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company’s stock valued at $239,000 after purchasing an additional 1,288 shares during the last quarter. Optimist Retirement Group LLC purchased a new position in Copa during the third quarter worth about $240,000. Finally, Mackenzie Financial Corp boosted its stake in Copa by 29.3% in the 2nd quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock worth $256,000 after buying an additional 610 shares during the last quarter. Institutional investors and hedge funds 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.