Copa (NYSE:CPA) Reaches 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 Tuesday . The company traded as high as $109.55 and last traded at $107.59, with a volume of 251081 shares traded. The stock had previously closed at $106.47.

Analyst Ratings Changes

CPA has been the subject of a number of recent research reports. Cowen reissued a "buy" rating on shares of Copa in a research note on Wednesday, May 14th. Wall Street Zen lowered shares of Copa from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $153.00.

Copa Trading Up 1.6%

The company has a market cap of $4.45 billion, a P/E ratio of 7.43, a PEG ratio of 0.87 and a beta of 1.26. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The stock's 50 day moving average is $93.71 and its 200-day moving average is $92.89.

Copa (NYSE:CPA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The transportation company reported $4.28 earnings per share 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 the consensus estimate of $888.82 million. Copa had a net margin of 17.67% and a return on equity of 26.70%. The firm's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm earned $4.19 earnings per share. Research analysts anticipate that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $1.61 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $6.44 annualized dividend and a dividend yield of 5.95%. Copa's dividend payout ratio (DPR) is 43.96%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CPA. JPMorgan Chase & Co. boosted its stake in shares of Copa by 0.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,628,609 shares of the transportation company's stock worth $231,002,000 after acquiring an additional 11,300 shares during the period. FMR LLC lifted its holdings in 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 purchasing an additional 230,653 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Copa by 9.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,184,278 shares of the transportation company's stock worth $109,501,000 after purchasing an additional 99,955 shares during the period. Carrhae Capital LLP boosted its stake in Copa by 10.8% in the 1st quarter. Carrhae Capital LLP now owns 777,929 shares of the transportation company's stock worth $71,927,000 after purchasing an additional 76,062 shares during the period. Finally, Brandes Investment Partners LP grew its holdings in Copa by 8.6% during the 4th quarter. Brandes Investment Partners LP now owns 561,901 shares of the transportation company's stock valued at $49,380,000 after buying an additional 44,298 shares in 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.

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