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

Copa Holdings, S.A. (NYSE:CPA - Get Free Report) has received an average rating of "Buy" from the six research firms that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $153.00.

A number of brokerages recently issued reports on CPA. Wall Street Zen upgraded Copa from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Cowen reiterated a "buy" rating on shares of Copa in a research report on Wednesday, May 14th.

Copa Stock Up 1.0%

Shares of Copa stock opened at $108.04 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.88 and a current ratio of 0.99. Copa has a 52-week low of $80.01 and a 52-week high of $110.73. The company's 50 day moving average price is $101.59 and its 200-day moving average price is $94.73. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 7.37, a P/E/G ratio of 0.76 and a beta of 1.33.

Copa (NYSE:CPA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The transportation company reported $4.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.77 by $0.51. The business had revenue of $899.18 million for the quarter, compared to analyst estimates of $888.82 million. Copa had a net margin of 17.66% and a return on equity of 25.91%. The company's revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $4.19 EPS. Equities research analysts forecast that Copa will post 15.48 EPS for the current year.

Copa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a dividend yield of 5.96%. The ex-dividend date was Friday, May 30th. Copa's dividend payout ratio is currently 43.96%.

Institutional Trading of Copa

Several institutional investors and hedge funds have recently bought and sold shares of CPA. Montag A & Associates Inc. purchased a new position in shares of Copa during the 1st quarter worth approximately $30,000. Bayforest Capital Ltd bought a new stake in shares of Copa during the first quarter valued at approximately $36,000. US Bancorp DE grew its stake in Copa by 378.1% in the first quarter. US Bancorp DE now owns 502 shares of the transportation company's stock worth $46,000 after purchasing an additional 397 shares during the period. Quarry LP bought a new position in Copa in the first quarter worth $50,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Copa by 8,175.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 662 shares of the transportation company's stock worth $61,000 after purchasing an additional 654 shares in the last quarter. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

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.

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