Brokerages Set Copa Holdings, S.A. (NYSE:CPA) PT at $154.40

Key Points

• Copa Holdings, S.A. has received an average rating of "Buy" from six research firms, with a price target of $154.40.
• The company reported a $3.61 EPS for the last quarter, exceeding analysts' expectations of $3.25, alongside a revenue of $842.60 million.
• Copa recently declared a quarterly dividend of $1.61 per share, reflecting an annualized dividend yield of 5.6%.

Copa Holdings, S.A. (NYSE:CPA - Get Free Report) has been given an average rating of "Buy" by the six analysts that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $154.40.

Several equities research analysts have recently issued reports on CPA shares. Cowen reissued a "buy" rating on shares of Copa in a research report on Friday, August 8th. Citigroup dropped their price target on shares of Copa from $159.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Morgan Stanley reaffirmed an "overweight" rating and issued a $145.00 price objective (up from $125.00) on shares of Copa in a research report on Monday, August 11th. TD Cowen lifted their target price on shares of Copa from $144.00 to $147.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Wall Street Zen upgraded Copa from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th.

Institutional Investors Weigh In On Copa

Hedge funds have recently modified their holdings of the company. Fifth Third Bancorp acquired a new stake in shares of Copa in the second quarter valued at about $25,000. Montag A & Associates Inc. bought a new position in Copa in the first quarter worth approximately $30,000. Bayforest Capital Ltd bought a new position in shares of Copa in the 1st quarter worth $36,000. US Bancorp DE grew its holdings in shares of 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 stake in Copa during the 1st quarter worth approximately $50,000. Institutional investors and hedge funds own 70.09% of the company's stock.

Copa Trading Up 0.1%

CPA stock traded up $0.17 during trading on Thursday, hitting $116.29. The company had a trading volume of 174,819 shares, compared to its average volume of 260,694. The firm has a 50-day moving average price of $113.95 and a 200-day moving average price of $103.66. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 1.01 and a beta of 1.31. Copa has a 12 month low of $82.54 and a 12 month high of $121.63. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.58.

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

Copa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders 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 5.5%. The ex-dividend date was Friday, August 29th. Copa's payout ratio is currently 41.87%.

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.