Copa (NYSE:CPA) Downgraded to Hold Rating by StockNews.com

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

Separately, UBS Group increased their price objective on shares of Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $153.29.

Copa Trading Down 0.4 %

Shares of CPA stock opened at $92.32 on Friday. Copa has a twelve month low of $80.01 and a twelve month high of $114.00. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 6.11, a PEG ratio of 0.68 and a beta of 1.44. The firm has a 50-day moving average price of $90.72 and a 200 day moving average price of $92.25. 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 (NYSE:CPA) last announced its earnings results on Wednesday, November 20th. The transportation company reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.48 by $0.02. The firm had revenue of $854.71 million for the quarter, compared to analyst estimates of $864.90 million. Copa had a net margin of 18.20% and a return on equity of 28.46%. Copa’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business earned $4.39 earnings per share. Research analysts forecast that Copa will post 14.44 earnings per share for the current fiscal year.

Copa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a $1.61 dividend. The ex-dividend date was Monday, December 2nd. This represents a $6.44 annualized dividend and a yield of 6.98%. Copa’s payout ratio is 42.59%.

Institutional Investors Weigh In On Copa

Several institutional investors have recently bought and sold shares of CPA. Oldfield Partners LLP lifted its holdings in shares of Copa by 12.2% during the 4th quarter. Oldfield Partners LLP now owns 15,600 shares of the transportation company’s stock valued at $1,371,000 after acquiring an additional 1,700 shares in the last quarter. SG Americas Securities LLC increased its holdings in Copa by 90.0% in the 4th 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 in the last quarter. Carolina Wealth Advisors LLC raised its position in Copa by 2.7% in the fourth quarter. Carolina Wealth Advisors LLC now owns 6,408 shares of the transportation company’s stock valued at $563,000 after purchasing an additional 166 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Copa during the fourth quarter worth about $1,438,000. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Copa by 14.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 14,850 shares of the transportation company’s stock worth $1,305,000 after buying an additional 1,850 shares during the period. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

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.