Copa (NYSE:CPA) Sets New 1-Year High - Should You Buy?

Copa Holdings, S.A. (NYSE:CPA - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $113.13 and last traded at $113.17, with a volume of 81029 shares trading hands. The stock had previously closed at $108.71.

Analyst Ratings Changes

Several brokerages recently commented on CPA. Wall Street Zen raised shares of Copa from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Cowen reaffirmed a "buy" rating on shares of Copa in a research note on Wednesday, May 14th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $153.00.

Copa Trading Down 2.8%

The firm's 50 day moving average is $105.61 and its 200 day moving average is $96.33. The company has a market cap of $4.55 billion, a PE ratio of 7.54, a PEG ratio of 0.78 and a beta of 1.31. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.99 and a quick ratio of 0.88.

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, beating the consensus estimate of $3.77 by $0.51. The company had revenue of $899.18 million during the quarter, compared to analysts' expectations of $888.82 million. Copa had a net margin of 17.66% and a return on equity of 25.91%. Copa's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.19 earnings per share. On average, equities analysts anticipate that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $1.61 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $6.44 dividend on an annualized basis and a yield of 5.83%. Copa's dividend payout ratio is presently 43.96%.

Hedge Funds Weigh In On Copa

A number of hedge funds and other institutional investors have recently bought and sold shares of CPA. Captrust Financial Advisors grew its stake in Copa by 4,063.6% in the 4th quarter. Captrust Financial Advisors now owns 542,601 shares of the transportation company's stock worth $47,684,000 after buying an additional 529,569 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Copa in the 4th quarter worth approximately $46,433,000. Canada Pension Plan Investment Board bought a new stake in shares of Copa in the 4th quarter worth approximately $40,311,000. Millennium Management LLC lifted its holdings in shares of Copa by 1,279.2% in the 4th quarter. Millennium Management LLC now owns 324,235 shares of the transportation company's stock worth $28,494,000 after acquiring an additional 300,726 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Copa by 18.1% in the 4th quarter. FMR LLC now owns 1,503,772 shares of the transportation company's stock worth $132,151,000 after acquiring an additional 230,653 shares during the last quarter. Hedge funds and other institutional investors own 70.09% of the company's stock.

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.