Copa Holdings, S.A. (NYSE:CPA) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Analysts remain bullish on Copa Holdings: Twelve firms give the stock a consensus “Buy” rating, with ten buys, one hold, and one strong buy. The average 12-month price target is $172.20 versus a recent share price of $132.
• Copa reported quarterly revenue of $1.06 billion, up 25.7% year over year, but earnings of $1.67 per share missed the $1.88 consensus estimate. Analysts expect full-year EPS of approximately $15.22.
• The company pays an attractive dividend: Copa’s quarterly dividend is $1.71 per share, equivalent to $6.84 annually and a 5.2% yield, with a 44.97% payout ratio.

Copa Holdings, S.A. (NYSE:CPA - Get Free Report) has been assigned a consensus recommendation of "Buy" from the twelve ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $172.20.

A number of brokerages have weighed in on CPA. Wall Street Zen downgraded shares of Copa from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. JPMorgan Chase & Co. boosted their target price on shares of Copa from $165.00 to $170.00 and gave the stock an "overweight" rating in a report on Wednesday, June 3rd. Weiss Ratings reissued a "buy (b)" rating on shares of Copa in a research note on Tuesday, August 11th. UBS Group reduced their target price on shares of Copa from $195.00 to $185.00 and set a "buy" rating for the company in a report on Tuesday, August 11th. Finally, Raymond James Financial decreased their price target on shares of Copa from $195.00 to $185.00 and set a "strong-buy" rating on the stock in a research report on Monday, August 24th.

Institutional Investors Weigh In On Copa

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hilton Head Capital Partners LLC grew its holdings in shares of Copa by 44.0% during the 1st quarter. Hilton Head Capital Partners LLC now owns 324 shares of the transportation company's stock valued at $37,000 after acquiring an additional 99 shares in the last quarter. Elevation Wealth Partners LLC raised its holdings in shares of Copa by 240.8% during the second quarter. Elevation Wealth Partners LLC now owns 167 shares of the transportation company's stock worth $26,000 after acquiring an additional 118 shares in the last quarter. Triumph Capital Management raised its holdings in shares of Copa by 26.7% during the second quarter. Triumph Capital Management now owns 570 shares of the transportation company's stock worth $89,000 after acquiring an additional 120 shares in the last quarter. Everstar Asset Management LLC raised its holdings in shares of Copa by 1.6% during the first quarter. Everstar Asset Management LLC now owns 8,607 shares of the transportation company's stock worth $978,000 after acquiring an additional 139 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Copa by 5.0% during the first quarter. PNC Financial Services Group Inc. now owns 3,181 shares of the transportation company's stock valued at $361,000 after purchasing an additional 151 shares during the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.

Copa Stock Up 0.2%

Shares of CPA stock opened at $132.00 on Monday. Copa has a 1 year low of $107.44 and a 1 year high of $160.46. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 1.06. The business's fifty day moving average is $135.25 and its 200-day moving average is $131.55. The stock has a market cap of $5.43 billion, a PE ratio of 8.68, a price-to-earnings-growth ratio of 1.22 and a beta of 0.99.

Copa (NYSE:CPA - Get Free Report) last announced its earnings results on Saturday, August 8th. The transportation company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.21). The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. Copa had a net margin of 15.71% and a return on equity of 22.40%. The company's quarterly revenue was up 25.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.61 EPS. Equities analysts expect that Copa will post 15.22 earnings per share for the current fiscal year.

Copa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were paid a dividend of $1.71 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $6.84 annualized dividend and a dividend yield of 5.2%. Copa's dividend payout ratio (DPR) is currently 44.97%.

Copa Company Profile

Copa Holdings, SA is a Panama-based airline holding company whose principal subsidiary is Compañía Panameña de Aviación, SA, known as Copa Airlines. The company provides scheduled passenger air transportation, connecting Panama and other destinations across North, Central and South America and the Caribbean. Copa also offers related cargo transportation services.

Copa Airlines operates its primary hub at Tocumen International Airport in Panama City, which serves as a connecting point for travel throughout the Americas.

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