Copa Holdings, S.A. (NYSE:CPA) Receives $157.60 Average Target Price from Analysts

Copa Holdings, S.A. (NYSE:CPA) has earned an average recommendation of “Buy” from the five ratings firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $148.00.

Several equities analysts recently commented on the stock. Evercore ISI decreased their price target on shares of Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their price objective 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. StockNews.com cut shares of Copa from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th. Morgan Stanley assumed coverage on Copa in a research note on Friday, May 24th. They issued an “overweight” rating and a $140.00 price target for the company. Finally, TD Cowen lowered their price objective on Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.

Hedge Funds Weigh In On Copa

A number of institutional investors have recently added to or reduced their stakes in the stock. TFO Wealth Partners LLC increased its holdings in shares of Copa by 34,300.0% during the fourth quarter. TFO Wealth Partners LLC now owns 344 shares of the transportation company’s stock worth $37,000 after buying an additional 343 shares in the last quarter. Scarborough Advisors LLC bought a new position in Copa in the fourth quarter valued at about $47,000. Hexagon Capital Partners LLC boosted its stake in shares of Copa by 224.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 674 shares of the transportation company’s stock valued at $72,000 after purchasing an additional 466 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Copa by 1,778.4% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 958 shares of the transportation company’s stock worth $103,000 after purchasing an additional 907 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Copa by 69,000.0% during the second quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock worth $132,000 after purchasing an additional 1,380 shares during the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Copa Price Performance

Copa stock opened at $88.18 on Wednesday. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 6.34, a PEG ratio of 0.42 and a beta of 1.47. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 0.58. Copa has a 12 month low of $78.12 and a 12 month high of $114.00. The stock’s 50 day moving average is $92.51 and its 200-day moving average is $97.91.

Copa (NYSE:CPA) last released its quarterly earnings results on Wednesday, August 7th. The transportation company reported $2.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.11. The business had revenue of $819.40 million during the quarter, compared to the consensus estimate of $838.13 million. Copa had a return on equity of 36.59% and a net margin of 16.42%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.92 EPS. Equities research analysts expect that Copa will post 16.24 EPS for the current year.

Copa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date is Friday, August 30th. Copa’s dividend payout ratio is presently 46.33%.

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.