Analysts Set Copa Holdings, S.A. (NYSE:CPA) Target Price at $153.29

Copa Holdings, S.A. (NYSE:CPA - Get Free Report) has earned a consensus recommendation of "Buy" from the eight ratings firms that are covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $153.29.

Several equities research analysts have recently issued reports on CPA shares. StockNews.com raised shares of Copa from a "hold" rating to a "buy" rating in a research report on Friday. Cowen reiterated a "buy" rating on shares of Copa in a research note on Tuesday, February 18th.

Copa Stock Down 2.3 %

Shares of NYSE:CPA traded down $2.27 during trading on Friday, reaching $98.41. The stock had a trading volume of 377,681 shares, compared to its average volume of 309,408. The firm's 50-day simple moving average is $91.69 and its 200 day simple moving average is $92.49. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. Copa has a one year low of $80.01 and a one year high of $114.00. The company has a market capitalization of $4.14 billion, a P/E ratio of 6.76, a PEG ratio of 0.87 and a beta of 1.26.

Copa (NYSE:CPA - Get Free Report) last issued its earnings results 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 net margin of 17.67% and a return on equity of 26.70%. The firm's revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $4.19 earnings per share. As a group, research analysts expect that Copa will post 15.48 EPS for the current fiscal year.

Copa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a yield of 6.54%. The ex-dividend date of this dividend is Friday, May 30th. Copa's payout ratio is 43.96%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Montag A & Associates Inc. bought a new stake in Copa during the 1st quarter worth approximately $30,000. Bayforest Capital Ltd purchased a new position in Copa in the first quarter worth $36,000. US Bancorp DE lifted its stake in Copa by 378.1% in the first quarter. US Bancorp DE now owns 502 shares of the transportation company's stock valued at $46,000 after purchasing an additional 397 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Copa by 147.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company's stock worth $87,000 after purchasing an additional 591 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in Copa by 2,813.9% during the first quarter. SBI Securities Co. Ltd. now owns 1,049 shares of the transportation company's stock valued at $97,000 after acquiring an additional 1,013 shares in the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.

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.