Copa Holdings, S.A. (NYSE:CPA) Stock Has Consensus Price Target of $172.20 According to Brokerages

Key Points

• Analyst sentiment is broadly positive: Twelve brokerages give Copa Holdings an average “Buy” rating, with a consensus 12-month price target of $172.20 versus a recent share price of $133.82.
• Copa reported quarterly revenue of $1.06 billion, up 25.7% year over year, but earnings of $1.67 per share fell short of the $1.88 consensus estimate.
• The company paid a quarterly dividend of $1.71, equivalent to an annualized $6.84 and a 5.1% yield; institutional investors own approximately 70.09% of the stock.

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

Several brokerages have recently commented on CPA. Weiss Ratings reiterated a "buy (b)" rating on shares of Copa in a research report on Tuesday, August 11th. Raymond James Financial dropped their target price on Copa from $195.00 to $185.00 and set a "strong-buy" rating for the company in a research report on Monday, August 24th. Wall Street Zen downgraded Copa from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. UBS Group cut their target price on Copa from $195.00 to $185.00 and set a "buy" rating for the company in a research note on Tuesday, August 11th. Finally, Jefferies Financial Group began coverage on shares of Copa in a research report on Thursday, June 18th. They set a "buy" rating and a $185.00 price target on the stock.

Copa Stock Up 2.1%

Shares of NYSE:CPA opened at $133.82 on Friday. The firm has a market capitalization of $5.51 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 1.22 and a beta of 1.05. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 1.06. Copa has a 52-week low of $107.44 and a 52-week high of $160.46. The firm has a fifty day moving average of $132.13 and a 200 day moving average of $133.68.

Copa (NYSE:CPA - Get Free Report) last released its quarterly earnings results 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). Copa had a net margin of 15.71% and a return on equity of 22.40%. The firm had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the previous year, the business earned $3.61 EPS. The company's revenue for the quarter was up 25.7% on a year-over-year basis. As a group, research analysts anticipate that Copa will post 15.22 EPS for the current fiscal year.

Copa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Monday, August 31st. Copa's payout ratio is presently 44.97%.

Institutional Investors Weigh In On Copa

Institutional investors have recently made changes to their positions in the business. Elevation Wealth Partners LLC raised its position in Copa by 240.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 167 shares of the transportation company's stock worth $26,000 after purchasing an additional 118 shares during the period. SJS Investment Consulting Inc. grew its stake in shares of Copa by 284.2% during the first quarter. SJS Investment Consulting Inc. now owns 292 shares of the transportation company's stock valued at $33,000 after buying an additional 216 shares during the last quarter. Hilton Head Capital Partners LLC grew its stake in shares of Copa by 44.0% during the first quarter. Hilton Head Capital Partners LLC now owns 324 shares of the transportation company's stock valued at $37,000 after buying an additional 99 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Copa by 196.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 450 shares of the transportation company's stock worth $54,000 after buying an additional 298 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Copa in the second quarter worth about $76,000. Hedge funds and other institutional investors own 70.09% of the company's stock.

Copa Company Profile

Copa Holdings, SA is a Panama-based airline holding company whose principal subsidiary is Copa Airlines, a commercial carrier serving destinations throughout the Americas. The company provides scheduled passenger and cargo air transportation, connecting Panama and other Latin American markets with destinations in North, Central and South America and the Caribbean.

Copa Airlines operates its primary hub at Tocumen International Airport in Panama City. The hub supports the airline's “Hub of the Americas” network, allowing passengers to connect between cities across the region.

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