Copa (NYSE:CPA) Upgraded by Wall Street Zen to "Buy" Rating

Wall Street Zen upgraded shares of Copa (NYSE:CPA - Free Report) from a hold rating to a buy rating in a report issued on Saturday morning.

Separately, Cowen reiterated a "buy" rating on shares of Copa in a report on Wednesday, May 14th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Copa has an average rating of "Buy" and a consensus target price of $153.00.

Copa Price Performance

CPA traded down $2.02 on Friday, hitting $103.71. 285,246 shares of the company's stock traded hands, compared to its average volume of 320,371. The company's 50 day simple moving average is $98.85 and its 200-day simple moving average is $93.91. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 7.08, a P/E/G ratio of 0.75 and a beta of 1.33. Copa has a one year low of $80.01 and a one year high of $110.73. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.56.

Copa (NYSE:CPA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The transportation company reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $0.51. The firm had revenue of $899.18 million for 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%. The company's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $4.19 earnings per share. As a group, research analysts anticipate that Copa will post 15.48 EPS for the current year.

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date of this dividend was Friday, May 30th. Copa's dividend payout ratio (DPR) is 43.96%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CPA. Montag A & Associates Inc. bought a new position in Copa during the 1st quarter valued at about $30,000. Bayforest Capital Ltd bought a new position in shares of Copa during the first quarter valued at approximately $36,000. US Bancorp DE grew its stake 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. Quarry LP bought a new position in shares of Copa during the first quarter valued at approximately $50,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Copa by 8,175.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 662 shares of the transportation company's stock valued at $61,000 after acquiring an additional 654 shares during the last quarter. Institutional investors own 70.09% of the company's stock.

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.