Copa (NYSE:CPA) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Copa (NYSE:CPA - Free Report) had its target price boosted by Raymond James Financial from $145.00 to $147.00 in a report published on Wednesday morning,Benzinga reports. They currently have a strong-buy rating on the transportation company's stock.

Several other research analysts have also weighed in on CPA. Cowen reaffirmed a "buy" rating on shares of Copa in a research report on Wednesday, May 14th. Wall Street Zen upgraded Copa from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $152.00.

Copa Stock Down 0.1%

Shares of NYSE:CPA traded down $0.13 during trading on Wednesday, hitting $110.18. 225,102 shares of the company were exchanged, compared to its average volume of 257,095. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 7.52, a P/E/G ratio of 0.78 and a beta of 1.31. Copa has a fifty-two week low of $80.01 and a fifty-two week high of $114.15. The firm has a fifty day moving average price of $107.61 and a two-hundred day moving average price of $97.88. 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 posted its quarterly earnings results 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 firm had revenue of $899.18 million for the quarter, compared to analyst estimates of $888.82 million. Copa had a return on equity of 25.91% and a net margin of 17.66%. The business's quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.19 EPS. As a group, research analysts anticipate that Copa will post 15.48 earnings per share for the current fiscal year.

Copa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a dividend of $1.61 per share. The ex-dividend date was Friday, May 30th. This represents a $6.44 annualized dividend and a dividend yield of 5.85%. Copa's dividend payout ratio is currently 43.96%.

Institutional Trading of Copa

Several institutional investors have recently added to or reduced their stakes in the company. MGO One Seven LLC boosted its stake in Copa by 16.4% in the 2nd quarter. MGO One Seven LLC now owns 4,132 shares of the transportation company's stock valued at $454,000 after purchasing an additional 581 shares during the period. SPC Financial Inc. bought a new stake in Copa in the 2nd quarter valued at $200,000. Vanguard Personalized Indexing Management LLC boosted its stake in Copa by 17.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,391 shares of the transportation company's stock valued at $1,363,000 after purchasing an additional 1,854 shares during the period. U S Global Investors Inc. boosted its stake in Copa by 0.7% in the 2nd quarter. U S Global Investors Inc. now owns 40,269 shares of the transportation company's stock valued at $4,428,000 after purchasing an additional 268 shares during the period. Finally, Aberdeen Group plc bought a new stake in Copa in the 2nd quarter valued at $3,049,000. 70.09% of the stock is currently owned by institutional investors.

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.