Brokerages Set Copa Holdings, S.A. (NYSE:CPA) Price Target at $153.00

Copa Holdings, S.A. (NYSE:CPA - Get Free Report) has earned an average rating of "Buy" from the seven research firms that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $152.00.

A number of equities research analysts have commented on CPA shares. Raymond James Financial increased their price objective on shares of Copa from $145.00 to $147.00 and gave the stock a "strong-buy" rating in a report on Wednesday. Cowen reaffirmed a "buy" rating on shares of Copa in a research note on Wednesday, May 14th. Finally, Wall Street Zen raised shares of Copa from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th.

Copa Price Performance

NYSE:CPA traded down $0.13 during mid-day trading on Wednesday, reaching $110.18. 225,102 shares of the company were exchanged, compared to its average volume of 257,095. Copa has a 12 month low of $80.01 and a 12 month high of $114.15. The company has a fifty day moving average of $107.61 and a 200 day moving average of $97.82. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.56. The stock has a market cap of $4.54 billion, a PE ratio of 7.52, a PEG ratio of 0.78 and a beta of 1.31.

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

Copa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $1.61 dividend. The ex-dividend date was Friday, May 30th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 5.85%. Copa's dividend payout ratio is 43.96%.

Institutional Trading of Copa

A number of hedge funds have recently modified their holdings of the company. Signet Financial Management LLC raised its position in shares of Copa by 4.3% in the 2nd quarter. Signet Financial Management LLC now owns 2,747 shares of the transportation company's stock valued at $302,000 after acquiring an additional 112 shares during the period. LPL Financial LLC raised its position in shares of Copa by 4.3% in the 4th quarter. LPL Financial LLC now owns 3,204 shares of the transportation company's stock valued at $282,000 after acquiring an additional 132 shares during the period. Bell Investment Advisors Inc raised its holdings in Copa by 19.6% during the 1st quarter. Bell Investment Advisors Inc now owns 841 shares of the transportation company's stock worth $78,000 after buying an additional 138 shares during the period. Range Financial Group LLC raised its holdings in Copa by 0.9% during the 2nd quarter. Range Financial Group LLC now owns 16,795 shares of the transportation company's stock worth $1,847,000 after buying an additional 143 shares during the period. Finally, Silvercrest Asset Management Group LLC raised its holdings in Copa by 1.1% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 16,060 shares of the transportation company's stock worth $1,411,000 after buying an additional 169 shares during the period. 70.09% of the stock is currently owned by institutional investors and hedge funds.

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.