Copa Holdings, S.A. (NYSE:CPA) Receives Average Rating of "Buy" from Analysts

Key Points

• Analysts remain bullish on Copa Holdings: Twelve brokerages give the stock a consensus “Buy” rating, with an average 12-month price target of $172.20 versus a recent price of $132.32.
• Recent earnings fell short of expectations: Copa reported quarterly EPS of $1.67, below the $1.88 consensus, while revenue rose 25.7% year over year to $1.06 billion.
• Investors are set to receive a sizable dividend: The company declared a quarterly dividend of $1.71, equivalent to $6.84 annually and a 5.2% yield; institutional investors own 70.09% of the stock.

Shares of Copa Holdings, S.A. (NYSE:CPA - Get Free Report) have received a consensus recommendation of "Buy" from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $172.20.

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Copa from $165.00 to $170.00 and gave the company an "overweight" rating in a research note on Wednesday, June 3rd. Jefferies Financial Group started coverage on shares of Copa in a report on Thursday, June 18th. They set a "buy" rating and a $185.00 target price on the stock. Evercore reissued an "outperform" rating and issued a $175.00 price target on shares of Copa in a research report on Friday, May 15th. The Goldman Sachs Group raised their price target on shares of Copa from $138.00 to $156.00 and gave the company a "buy" rating in a research report on Friday, May 15th. Finally, UBS Group dropped their price target on shares of Copa from $195.00 to $185.00 and set a "buy" rating for the company in a research note on Tuesday, August 11th.

Institutional Investors Weigh In On Copa

Several large investors have recently bought and sold shares of the stock. Elevation Wealth Partners LLC boosted its stake in shares of Copa by 240.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 167 shares of the transportation company's stock valued at $26,000 after buying an additional 118 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in shares of Copa during the fourth quarter worth approximately $27,000. Empowered Funds LLC acquired a new stake in Copa in the fourth quarter valued at approximately $29,000. US Bancorp DE raised its holdings in Copa by 90.2% in the third quarter. US Bancorp DE now owns 253 shares of the transportation company's stock valued at $30,000 after acquiring an additional 120 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in Copa by 284.2% in the first quarter. SJS Investment Consulting Inc. now owns 292 shares of the transportation company's stock worth $33,000 after acquiring an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 70.09% of the company's stock.

Copa Stock Down 0.9%

NYSE:CPA opened at $132.32 on Thursday. Copa has a 52 week low of $107.44 and a 52 week high of $160.46. The stock's fifty day moving average is $143.33 and its two-hundred day moving average is $133.56. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 1.20 and a beta of 1.01. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 0.72.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings data on Saturday, August 8th. The transportation company reported $1.67 earnings per share for the quarter, missing analysts' consensus estimates of $1.88 by ($0.21). The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates 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 previous year, the firm posted $3.61 earnings per share. Research analysts anticipate that Copa will post 15.76 EPS for the current year.

Copa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $1.71 dividend. The ex-dividend date is Monday, August 31st. This represents a $6.84 dividend on an annualized basis and a yield of 5.2%. Copa's dividend payout ratio (DPR) is 44.97%.

About Copa

Copa Holdings, SA NYSE: CPA is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.

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