Copa Holdings, S.A. (NYSE:CPA) Given Average Recommendation of “Buy” by Brokerages

Shares of Copa Holdings, S.A. (NYSE:CPA) have been given a consensus rating of “Buy” by the eight ratings firms that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $153.29.

Several brokerages have recently weighed in on CPA. UBS Group upped their target price on Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Cowen reaffirmed a “buy” rating on shares of Copa in a research note on Tuesday, February 18th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp raised its stake in Copa by 342.4% in the 4th quarter. Mackenzie Financial Corp now owns 11,900 shares of the transportation company’s stock valued at $1,046,000 after purchasing an additional 9,210 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of Copa by 45.4% in the 4th quarter. Two Sigma Advisers LP now owns 186,900 shares of the transportation company’s stock worth $16,425,000 after acquiring an additional 58,395 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in shares of Copa by 1.1% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 16,060 shares of the transportation company’s stock worth $1,411,000 after acquiring an additional 169 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of Copa by 8.4% in the 4th quarter. Quantinno Capital Management LP now owns 5,658 shares of the transportation company’s stock worth $497,000 after acquiring an additional 439 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of Copa by 1,279.2% in the 4th quarter. Millennium Management LLC now owns 324,235 shares of the transportation company’s stock worth $28,494,000 after acquiring an additional 300,726 shares during the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.

Copa Trading Down 1.2 %

Copa stock opened at $92.50 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. Copa has a 12 month low of $80.01 and a 12 month high of $114.00. The stock’s 50 day simple moving average is $91.41 and its two-hundred day simple moving average is $92.77. The firm has a market cap of $3.89 billion, a PE ratio of 6.35, a P/E/G ratio of 0.87 and a beta of 1.44.

Copa (NYSE:CPA) last announced its earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share for the quarter, topping the consensus estimate of $3.84 by $0.15. Copa had a return on equity of 26.70% and a net margin of 17.67%. Analysts anticipate that Copa will post 15.48 earnings per share for the current year.

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 6.96%. The ex-dividend date of this dividend is Friday, February 28th. Copa’s dividend payout ratio is currently 44.23%.

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.