Copa (NYSE:CPA) Price Target Increased to $168.00 by Analysts at Raymond James

Copa (NYSE:CPA - Free Report) had its price target increased by Raymond James from $165.00 to $168.00 in a report released on Friday, Benzinga reports. They currently have a strong-buy rating on the transportation company's stock.

A number of other brokerages have also commented on CPA. StockNews.com lowered shares of Copa from a buy rating to a hold rating in a report on Monday, February 12th. TD Cowen increased their price target on Copa from $145.00 to $160.00 and gave the company a buy rating in a report on Friday. Finally, Evercore ISI lifted their price objective on Copa from $150.00 to $165.00 and gave the stock an outperform rating in a report on Friday. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Buy and a consensus price target of $156.83.

Copa Stock Up 0.1 %

Shares of CPA stock traded up $0.14 during trading hours on Friday, reaching $109.69. The company had a trading volume of 295,742 shares, compared to its average volume of 279,529. The stock's fifty day simple moving average is $101.97 and its 200 day simple moving average is $98.68. The company has a market capitalization of $4.32 billion, a P/E ratio of 7.84, a price-to-earnings-growth ratio of 0.39 and a beta of 1.40. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.90 and a current ratio of 0.99. Copa has a twelve month low of $78.12 and a twelve month high of $121.20.

Copa (NYSE:CPA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 15th. The transportation company reported $4.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.27 by $0.92. Copa had a net margin of 16.42% and a return on equity of 36.59%. The company had revenue of $893.47 million for the quarter, compared to analyst estimates of $866.73 million. During the same quarter last year, the firm posted $3.99 earnings per share. The business's quarterly revenue was up 3.0% on a year-over-year basis. As a group, sell-side analysts expect that Copa will post 16.27 earnings per share for the current fiscal year.

Copa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date of this dividend is Friday, May 31st. Copa's dividend payout ratio is presently 46.33%.

Institutional Investors Weigh In On Copa

A number of institutional investors have recently made changes to their positions in the company. TFO Wealth Partners LLC lifted its position in shares of Copa by 34,300.0% in the 4th quarter. TFO Wealth Partners LLC now owns 344 shares of the transportation company's stock worth $37,000 after buying an additional 343 shares during the last quarter. Scarborough Advisors LLC acquired a new position in Copa in the fourth quarter valued at approximately $47,000. Hexagon Capital Partners LLC grew its holdings in shares of Copa by 224.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 674 shares of the transportation company's stock valued at $72,000 after purchasing an additional 466 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Copa by 1,778.4% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 958 shares of the transportation company's stock worth $103,000 after purchasing an additional 907 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Copa by 45.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,858 shares of the transportation company's stock worth $198,000 after purchasing an additional 584 shares during the last quarter. 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 327 daily scheduled flights to 78 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2022, it operated a fleet of 97 aircraft comprising 67 Boeing 737-800 Next Generation aircraft, 9 Boeing 737-700 Next Generation aircraft, 1 Boeing 737-800 Boeing Converted Freighter, and 20 737-MAX aircraft.