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

Copa Holdings, S.A. (NYSE:CPA) has been assigned a consensus rating of “Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $153.29.

Several analysts recently commented on the company. UBS Group raised their price objective on Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday. StockNews.com lowered Copa from a “buy” rating to a “hold” rating in a research report on Monday, November 25th.

Copa Price Performance

Shares of CPA opened at $89.59 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.56. The stock has a market cap of $3.53 billion, a P/E ratio of 5.93, a price-to-earnings-growth ratio of 0.72 and a beta of 1.44. The stock’s 50-day moving average price is $92.60 and its two-hundred day moving average price is $92.46. Copa has a 1 year low of $80.01 and a 1 year high of $114.00.

Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, November 20th. The transportation company reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.48 by $0.02. Copa had a net margin of 18.20% and a return on equity of 28.46%. The business had revenue of $854.71 million for the quarter, compared to analyst estimates of $864.90 million. During the same quarter last year, the firm earned $4.39 EPS. Copa’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities analysts predict that Copa will post 14.48 earnings per share for the current year.

Copa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were paid a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 7.19%. The ex-dividend date of this dividend was Monday, December 2nd. Copa’s payout ratio is 42.59%.

Hedge Funds Weigh In On Copa

Several hedge funds have recently made changes to their positions in CPA. Bell Investment Advisors Inc grew its stake in Copa by 29.6% in the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 143 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Copa in the 3rd quarter valued at approximately $82,000. Rhumbline Advisers grew its stake in shares of Copa by 69,000.0% in the second quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock valued at $132,000 after buying an additional 1,380 shares in the last quarter. Optimist Retirement Group LLC acquired a new position in Copa during the third quarter worth $240,000. Finally, Mackenzie Financial Corp raised its position in Copa by 29.3% during the second quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock worth $256,000 after acquiring an additional 610 shares in the last quarter. 70.09% of the stock is owned by institutional investors.

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.