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

Shares of Copa Holdings, S.A. (NYSE:CPA) have been given a consensus recommendation of “Buy” by the seven brokerages that are covering the stock, Marketbeat 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 target price among brokers that have updated their coverage on the stock in the last year is $153.29.

Several equities analysts have weighed in on CPA shares. StockNews.com cut Copa from a “buy” rating to a “hold” rating in a research note on Wednesday. UBS Group increased their target price on shares of Copa from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, January 7th.

Copa Stock Up 0.7 %

Copa stock opened at $90.82 on Wednesday. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 6.01, a price-to-earnings-growth ratio of 0.69 and a beta of 1.44. The firm’s fifty day moving average price is $89.88 and its two-hundred day moving average price is $92.16. Copa has a 1-year low of $80.01 and a 1-year high of $114.00. 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 released its quarterly earnings results on Wednesday, November 20th. The transportation company reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.48 by $0.02. Copa had a return on equity of 28.46% and a net margin of 18.20%. The business had revenue of $854.71 million during the quarter, compared to the consensus estimate of $864.90 million. During the same quarter in the previous year, the business earned $4.39 EPS. The company’s quarterly revenue was down 1.5% on a year-over-year basis. On average, equities research analysts predict that Copa will post 14.44 earnings per share for the current fiscal year.

Copa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were given a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 7.09%. The ex-dividend date of this dividend was Monday, December 2nd. Copa’s dividend payout ratio is 42.59%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPA. Bell Investment Advisors Inc lifted 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 during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Copa during the 3rd quarter worth $82,000. 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 worth $239,000 after acquiring an additional 1,288 shares during the last quarter. Optimist Retirement Group LLC bought a new stake in Copa in the 3rd quarter valued at about $240,000. Finally, Mackenzie Financial Corp lifted its holdings in Copa by 29.3% during the second quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock valued at $256,000 after purchasing an additional 610 shares during the last quarter. 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.