Copa (NYSE:CPA) Reaches New 12-Month High - Still a Buy?

Copa Holdings, S.A. (NYSE:CPA - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $109.55 and last traded at $107.59, with a volume of 251081 shares. The stock had previously closed at $106.47.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Cowen reiterated a "buy" rating on shares of Copa in a report on Wednesday, May 14th. Wall Street Zen cut shares of Copa from a "buy" rating to a "hold" rating in a report on Saturday, May 17th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $153.00.

Copa Stock Down 1.6%

The firm has a market cap of $4.45 billion, a PE ratio of 7.42, a P/E/G ratio of 0.87 and a beta of 1.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10. The firm's 50-day moving average price is $94.82 and its two-hundred day moving average price is $93.20.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The transportation company reported $4.28 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.51. The business 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 company's revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.19 EPS. As a group, equities research analysts expect that Copa Holdings, S.A. will post 15.48 EPS 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 given a dividend of $1.61 per share. The ex-dividend date is Friday, May 30th. This represents a $6.44 annualized dividend and a dividend yield of 5.96%. Copa's dividend payout ratio is presently 43.96%.

Institutional Trading of Copa

Institutional investors and hedge funds have recently bought and sold shares of the business. Northern Trust Corp raised its position in Copa by 19.7% in the 4th quarter. Northern Trust Corp now owns 20,850 shares of the transportation company's stock valued at $1,832,000 after purchasing an additional 3,433 shares during the last quarter. Barclays PLC raised its position in Copa by 44.2% in the 3rd quarter. Barclays PLC now owns 24,721 shares of the transportation company's stock valued at $2,319,000 after purchasing an additional 7,576 shares during the last quarter. Total Wealth Planning & Management Inc. purchased a new stake in Copa in the 4th quarter valued at $244,000. Bridgewater Associates LP purchased a new stake in Copa in the 4th quarter valued at $961,000. Finally, Invesco Ltd. raised its position in Copa by 37.1% in the 4th quarter. Invesco Ltd. now owns 12,276 shares of the transportation company's stock valued at $1,079,000 after purchasing an additional 3,320 shares during the last quarter. Hedge funds and other 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.