Brokerages Set Copa Holdings, S.A. (NYSE:CPA) PT at $148.83

Copa Holdings, S.A. (NYSE:CPA) has been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $148.83.

Several brokerages have recently commented on CPA. Evercore ISI lowered their price objective on shares of 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 cut their price objective on Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft decreased their target price on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, August 8th. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a report on Saturday, November 16th. Finally, JPMorgan Chase & Co. cut their target price on shares of Copa from $180.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th.

Copa Stock Down 12.1 %

Shares of Copa stock opened at $93.04 on Friday. The company’s 50 day moving average price is $96.90 and its 200-day moving average price is $95.09. Copa has a 52-week low of $80.01 and a 52-week high of $114.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.89 and a current ratio of 0.98. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 5.69, a P/E/G ratio of 0.67 and a beta of 1.48.

Copa Announces Dividend

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 issued a $1.61 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $6.44 dividend on an annualized basis and a yield of 6.92%. Copa’s dividend payout ratio is presently 39.41%.

Institutional Trading of Copa

Institutional investors have recently modified their holdings of the company. Bell Investment Advisors Inc grew its stake in Copa by 29.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock worth $59,000 after buying an additional 143 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Copa in the third quarter worth about $82,000. Hexagon Capital Partners LLC grew its stake in shares of Copa by 14.9% during the second quarter. Hexagon Capital Partners LLC now owns 892 shares of the transportation company’s stock worth $85,000 after acquiring an additional 116 shares during the last quarter. Rhumbline Advisers increased 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 valued at $132,000 after acquiring an additional 1,380 shares in the last quarter. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Copa in the 1st quarter valued at approximately $215,000. 70.09% of the stock is currently 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.