Copa (NYSE:CPA) Shares Break Above 200 Day Moving Average - Time to Sell?

Key Points

• Copa shares crossed above their 200-day moving average of $131.77, reaching $133.14 before last trading at $131.47; the stock was down 1.7% in trading.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $172.20, despite some firms reducing their targets.
• Copa reported quarterly EPS of $1.67, below the $1.88 analyst consensus, while revenue rose 25.7% year over year. The company also paid a $1.71 quarterly dividend, representing a 5.2% yield.

Copa Holdings, S.A. (NYSE:CPA - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $131.77 and traded as high as $133.14. Copa shares last traded at $131.4680, with a volume of 208,372 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CPA. Raymond James Financial cut their target price on Copa from $195.00 to $185.00 and set a "strong-buy" rating for the company in a research report on Monday, August 24th. JPMorgan Chase & Co. raised their price target on Copa from $165.00 to $170.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 3rd. UBS Group dropped their price target on Copa from $195.00 to $185.00 and set a "buy" rating for the company in a research note on Tuesday, August 11th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Copa in a research report on Tuesday, August 11th. Finally, Jefferies Financial Group assumed coverage on shares of Copa in a research note on Thursday, June 18th. They set a "buy" rating and a $185.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $172.20.

Copa Trading Down 1.7%

The firm's 50-day simple moving average is $133.95 and its 200 day simple moving average is $131.77. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.97. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of 8.64, a P/E/G ratio of 1.24 and a beta of 0.99.

Copa (NYSE:CPA - Get Free Report) last issued its earnings results on Saturday, August 8th. The transportation company reported $1.67 earnings per share for the quarter, missing analysts' consensus estimates of $1.88 by ($0.21). Copa had a net margin of 15.71% and a return on equity of 22.40%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the business posted $3.61 EPS. The company's revenue for the quarter was up 25.7% compared to the same quarter last year. Equities analysts expect that Copa Holdings, S.A. will post 15.22 earnings per share for the current year.

Copa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Monday, August 31st. Copa's dividend payout ratio is currently 44.97%.

Institutional Trading of Copa

Several large investors have recently bought and sold shares of CPA. IPG Investment Advisors LLC acquired a new position in Copa during the second quarter worth about $274,000. WINTON GROUP Ltd bought a new position in shares of Copa in the second quarter worth about $1,509,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Copa in the 2nd quarter valued at approximately $76,000. NewEdge Advisors LLC boosted its stake in shares of Copa by 30.7% in the 2nd quarter. NewEdge Advisors LLC now owns 17,112 shares of the transportation company's stock valued at $2,662,000 after purchasing an additional 4,015 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Copa by 3,857.1% during the 2nd quarter. IFP Advisors Inc now owns 831 shares of the transportation company's stock valued at $129,000 after purchasing an additional 810 shares during the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.

Copa Company Profile

Copa Holdings, SA is a Panama-based airline holding company whose principal subsidiary is Compañía Panameña de Aviación, SA, known as Copa Airlines. The company provides scheduled passenger air transportation, connecting Panama and other destinations across North, Central and South America and the Caribbean. Copa also offers related cargo transportation services.

Copa Airlines operates its primary hub at Tocumen International Airport in Panama City, which serves as a connecting point for travel throughout the Americas.

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