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

Shares of Copa Holdings, S.A. (NYSE:CPA - Get Free Report) have been given an average recommendation of "Buy" by the six analysts that are currently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $153.00.

CPA has been the topic of several recent research reports. Cowen reiterated a "buy" rating on shares of Copa in a research report on Wednesday, May 14th. Wall Street Zen downgraded shares of Copa from a "buy" rating to a "hold" rating in a report on Saturday, May 17th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Northern Trust Corp grew its position in shares of Copa by 19.7% in the fourth quarter. Northern Trust Corp now owns 20,850 shares of the transportation company's stock valued at $1,832,000 after purchasing an additional 3,433 shares during the period. Total Wealth Planning & Management Inc. acquired a new stake in Copa in the 4th quarter worth about $244,000. Barclays PLC grew its holdings in Copa by 44.2% in the 3rd quarter. Barclays PLC now owns 24,721 shares of the transportation company's stock valued at $2,319,000 after buying an additional 7,576 shares during the period. Bridgewater Associates LP acquired a new position in shares of Copa during the 4th quarter valued at about $961,000. Finally, Invesco Ltd. lifted its holdings in shares of Copa by 37.1% during the 4th quarter. Invesco Ltd. now owns 12,276 shares of the transportation company's stock worth $1,079,000 after acquiring an additional 3,320 shares during the period. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Copa Price Performance

Shares of CPA stock traded up $1.01 during midday trading on Tuesday, reaching $105.75. 65,568 shares of the company traded hands, compared to its average volume of 316,275. The firm's 50 day simple moving average is $95.84 and its two-hundred day simple moving average is $93.39. The firm has a market cap of $4.35 billion, a PE ratio of 7.24, a price-to-earnings-growth ratio of 0.87 and a beta of 1.26. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.10 and a quick ratio of 0.99. Copa has a 1-year low of $80.01 and a 1-year high of $110.73.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The transportation company reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.51. The firm had revenue of $899.18 million during the quarter, compared to analysts' expectations of $888.82 million. Copa had a return on equity of 26.70% and a net margin of 17.67%. Copa's revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $4.19 earnings per share. On average, equities research analysts expect that Copa will post 15.48 EPS for the current fiscal year.

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date is Friday, May 30th. Copa's dividend payout ratio is presently 43.96%.

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.