Copa (NYSE:CPA) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Copa shares rose above their 200-day moving average of $132.61, reaching $139.75 and last trading near $138.59.
• Analysts maintain a generally positive outlook, with an average rating of “Buy” and a consensus price target of $172.20, despite some target-price reductions.
• Copa reported quarterly EPS of $1.67, below the $1.88 consensus estimate, while revenue increased 25.7% year over year. The company also paid a $1.71 quarterly dividend, equivalent to a 4.9% yield.

Shares of Copa Holdings, S.A. (NYSE:CPA - Get Free Report) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $132.61 and traded as high as $139.75. Copa shares last traded at $138.5880, with a volume of 361,600 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CPA. Wall Street Zen lowered shares of Copa from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. UBS Group dropped their target price on Copa from $195.00 to $185.00 and set a "buy" rating for the company in a research report on Tuesday, August 11th. Jefferies Financial Group began coverage on Copa in a research note on Thursday, June 18th. They set a "buy" rating and a $185.00 target price on the stock. Raymond James Financial reduced their price target on Copa from $195.00 to $185.00 and set a "strong-buy" rating on the stock in a report on Monday, August 24th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Copa in a research note on Tuesday, August 11th. One 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 an average rating of "Buy" and a consensus target price of $172.20.

Copa Stock Up 2.3%

The company has a market cap of $5.70 billion, a PE ratio of 9.11, a P/E/G ratio of 1.26 and a beta of 1.05. The company's 50 day moving average is $133.44 and its 200 day moving average is $132.61. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72.

Copa (NYSE:CPA - Get Free Report) last released its quarterly earnings data on Saturday, August 8th. The transportation company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.21). The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.08 billion. Copa had a net margin of 15.71% and a return on equity of 22.40%. Copa's quarterly revenue was up 25.7% on a year-over-year basis. During the same period last year, the firm earned $3.61 earnings per share. As a group, analysts predict that Copa Holdings, S.A. will post 15.22 earnings per share for the current fiscal year.

Copa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were paid a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Monday, August 31st. Copa's payout ratio is currently 44.97%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sagil Capital LLP bought a new stake in shares of Copa in the fourth quarter valued at about $6,495,000. Empowered Funds LLC lifted its stake in Copa by 8,453.5% in the first quarter. Empowered Funds LLC now owns 20,785 shares of the transportation company's stock worth $2,361,000 after acquiring an additional 20,542 shares during the period. Quantinno Capital Management LP grew its holdings in Copa by 94.7% during the 1st quarter. Quantinno Capital Management LP now owns 143,618 shares of the transportation company's stock worth $16,316,000 after acquiring an additional 69,838 shares in the last quarter. Bank of America Corp DE grew its holdings in Copa by 45.5% during the 1st quarter. Bank of America Corp DE now owns 181,594 shares of the transportation company's stock worth $20,631,000 after acquiring an additional 56,764 shares in the last quarter. Finally, Letko Brosseau & Associates Inc. grew its holdings in Copa by 4.0% during the 4th quarter. Letko Brosseau & Associates Inc. now owns 195,203 shares of the transportation company's stock worth $23,543,000 after acquiring an additional 7,450 shares in the last quarter. Institutional investors own 70.09% of the company's stock.

About Copa

Copa Holdings, SA is a Panama-based airline holding company whose principal subsidiary is Copa Airlines, a commercial carrier serving destinations throughout the Americas. The company provides scheduled passenger and cargo air transportation, connecting Panama and other Latin American markets with destinations in North, Central and South America and the Caribbean.

Copa Airlines operates its primary hub at Tocumen International Airport in Panama City. The hub supports the airline's “Hub of the Americas” network, allowing passengers to connect between cities across the region.

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