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

Copa Holdings, S.A. (NYSE:CPA - Get Free Report) has earned a consensus rating of "Buy" from the eight ratings firms that are covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $153.29.

Several equities analysts have recently commented on the stock. StockNews.com cut shares of Copa from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Cowen reaffirmed a "buy" rating on shares of Copa in a research report on Tuesday, February 18th. Finally, UBS Group lifted their price target on Copa from $160.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, January 7th.

Hedge Funds Weigh In On Copa

A number of institutional investors have recently modified their holdings of CPA. JPMorgan Chase & Co. boosted its holdings in shares of Copa by 0.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,628,609 shares of the transportation company's stock worth $231,002,000 after buying an additional 11,300 shares during the period. FMR LLC lifted its position in Copa by 18.1% during the 4th quarter. FMR LLC now owns 1,503,772 shares of the transportation company's stock worth $132,151,000 after acquiring an additional 230,653 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Copa by 17.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,084,323 shares of the transportation company's stock valued at $95,290,000 after acquiring an additional 159,470 shares during the period. Carrhae Capital LLP grew its position in shares of Copa by 26.3% in the fourth quarter. Carrhae Capital LLP now owns 701,867 shares of the transportation company's stock valued at $61,680,000 after purchasing an additional 145,967 shares during the last quarter. Finally, Brandes Investment Partners LP increased its stake in shares of Copa by 8.6% in the fourth quarter. Brandes Investment Partners LP now owns 561,901 shares of the transportation company's stock worth $49,380,000 after purchasing an additional 44,298 shares during the period. Institutional investors own 70.09% of the company's stock.

Copa Price Performance

Copa stock traded up $0.05 during mid-day trading on Monday, hitting $88.06. The company's stock had a trading volume of 155,317 shares, compared to its average volume of 305,251. Copa has a twelve month low of $80.01 and a twelve month high of $114.00. The stock's fifty day moving average price is $92.27 and its two-hundred day moving average price is $93.07. The stock has a market capitalization of $3.70 billion, a P/E ratio of 6.05, a P/E/G ratio of 0.87 and a beta of 1.11. 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 EPS for the quarter, topping 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%. Research analysts forecast that Copa will post 15.48 earnings per share for the current year.

Copa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $1.61 per share. The ex-dividend date was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a yield of 7.31%. Copa's payout ratio is currently 44.23%.

Copa Company Profile

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.