Copa Holdings, S.A. (NYSE:CPA) Receives $153.29 Consensus Price Target from Analysts

Copa Holdings, S.A. (NYSE:CPA) has been given a consensus rating of “Buy” by the eight analysts that are covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $153.29.

CPA has been the subject of several recent research reports. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. UBS Group lifted their price target on shares of Copa from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, Cowen reiterated a “buy” rating on shares of Copa in a research note on Tuesday, February 18th.

Copa Stock Up 1.1 %

Shares of Copa stock opened at $95.40 on Thursday. The business has a 50-day moving average price of $93.34 and a 200 day moving average price of $93.30. Copa has a fifty-two week low of $80.01 and a fifty-two week high of $114.00. The firm has a market cap of $4.01 billion, a P/E ratio of 6.55, a P/E/G ratio of 0.87 and a beta of 1.42. The company has a quick ratio of 0.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.60.

Copa (NYSE:CPA) last issued its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share for the quarter, beating analysts’ consensus estimates of $3.84 by $0.15. Copa had a return on equity of 26.70% and a net margin of 17.67%. On average, sell-side analysts forecast that Copa will post 15.48 earnings per share for the current fiscal year.

Copa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.61 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.75%. Copa’s dividend payout ratio (DPR) is presently 44.23%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CPA. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Copa during the third quarter valued at approximately $3,564,000. Landscape Capital Management L.L.C. increased its position in Copa by 20.5% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 46,743 shares of the transportation company’s stock valued at $4,386,000 after acquiring an additional 7,948 shares during the period. Foundry Partners LLC raised its stake in Copa by 2.4% during the 3rd quarter. Foundry Partners LLC now owns 45,581 shares of the transportation company’s stock valued at $4,277,000 after acquiring an additional 1,060 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Copa by 12.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,768 shares of the transportation company’s stock worth $1,198,000 after acquiring an additional 1,369 shares during the period. Finally, Dynamic Technology Lab Private Ltd grew its stake in shares of Copa by 153.5% in the third quarter. Dynamic Technology Lab Private Ltd now owns 21,693 shares of the transportation company’s stock worth $2,036,000 after purchasing an additional 13,136 shares in the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.

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.