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

Key Points

• Copa Holdings, S.A. is rated as a "Buy" by eight analysts, with a twelve-month price objective averaging $155.33.
• The company reported $3.61 earnings per share for the last quarter, surpassing estimates and showing a year-over-year revenue growth of 2.8%.
• Copa has a recent quarterly dividend of $1.61 per share, reflecting a yield of 5.3% and a payout ratio of 41.87%.

Copa Holdings, S.A. (NYSE:CPA - Get Free Report) has been given an average rating of "Buy" by the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $155.3333.

Several equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Copa from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Cowen reiterated a "buy" rating on shares of Copa in a report on Friday, August 8th. Evercore ISI raised their price objective on Copa from $150.00 to $160.00 and gave the company an "outperform" rating in a research report on Monday, September 29th. Morgan Stanley reaffirmed an "overweight" rating and issued a $145.00 target price (up from $125.00) on shares of Copa in a research report on Monday, August 11th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Copa in a research report on Saturday, September 27th.

Copa Stock Performance

Shares of CPA stock opened at $120.73 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.04. Copa has a fifty-two week low of $82.54 and a fifty-two week high of $123.00. The company has a market capitalization of $4.97 billion, a P/E ratio of 7.85, a PEG ratio of 1.05 and a beta of 1.30. The stock has a 50 day moving average price of $116.42 and a two-hundred day moving average price of $106.05.

Copa (NYSE:CPA - Get Free Report) last posted its earnings results on Wednesday, August 6th. The transportation company reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.25 by $0.36. The company had revenue of $842.60 million for the quarter, compared to analysts' expectations of $833.12 million. Copa had a return on equity of 26.22% and a net margin of 18.36%.Copa's quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm earned $2.88 earnings per share. Analysts expect that Copa will post 15.48 earnings per share for the current year.

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Friday, August 29th. Copa's dividend payout ratio is 41.87%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CPA. Fifth Third Bancorp purchased a new stake in shares of Copa during the second quarter valued at $25,000. Montag A & Associates Inc. bought a new stake in Copa during the first quarter valued at approximately $30,000. Bayforest Capital Ltd bought a new stake in Copa during the first quarter valued at approximately $36,000. US Bancorp DE increased its holdings in Copa by 378.1% during the first quarter. US Bancorp DE now owns 502 shares of the transportation company's stock valued at $46,000 after buying an additional 397 shares during the last quarter. Finally, Quarry LP bought a new position in Copa in the first quarter worth approximately $50,000. Institutional investors own 70.09% of the company's stock.

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.

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