Shares of Copa Holdings, S.A. (NYSE:CPA - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $110.73 and last traded at $109.76, with a volume of 50911 shares changing hands. The stock had previously closed at $108.66.
Analyst Upgrades and Downgrades
CPA has been the topic of several analyst reports. Wall Street Zen cut shares of Copa from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th. Cowen reissued a "buy" rating on shares of Copa in a research note on Wednesday, May 14th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $153.00.
Check Out Our Latest Research Report on Copa
Copa Trading Up 3.1%
The company has a market cap of $4.44 billion, a price-to-earnings ratio of 7.41, a P/E/G ratio of 0.87 and a beta of 1.26. The company's fifty day moving average is $95.84 and its two-hundred day moving average is $93.39. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10.
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. Copa had a return on equity of 26.70% and a net margin of 17.67%. The company had revenue of $899.18 million during the quarter, compared to analysts' expectations of $888.82 million. During the same period last year, the business earned $4.19 earnings per share. Copa's quarterly revenue was up .6% on a year-over-year basis. On average, research analysts anticipate that Copa Holdings, S.A. will post 15.48 EPS for the current year.
Copa Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $1.61 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $6.44 dividend on an annualized basis and a yield of 5.97%. Copa's dividend payout ratio is currently 43.96%.
Institutional Trading of Copa
A number of institutional investors and hedge funds have recently made changes to their positions in CPA. Bayforest Capital Ltd acquired a new stake in Copa in the 1st quarter worth about $36,000. Wishbone Management LP raised its holdings in Copa by 12.5% in the 1st quarter. Wishbone Management LP now owns 472,500 shares of the transportation company's stock valued at $43,687,000 after acquiring an additional 52,500 shares during the last quarter. Bell Investment Advisors Inc lifted its stake in Copa by 19.6% in the 1st quarter. Bell Investment Advisors Inc now owns 841 shares of the transportation company's stock worth $78,000 after purchasing an additional 138 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Copa by 56.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 340,554 shares of the transportation company's stock worth $31,488,000 after purchasing an additional 122,413 shares during the last quarter. Finally, Kestra Investment Management LLC grew its position in shares of Copa by 26.8% in the first quarter. Kestra Investment Management LLC now owns 23,540 shares of the transportation company's stock valued at $2,177,000 after purchasing an additional 4,972 shares in the last quarter. 70.09% of the stock is currently owned by hedge funds and other institutional investors.
Copa Company Profile
(
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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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