Copa (NYSE:CPA) Reaches New 52-Week High – Here’s Why

Copa Holdings, S.A. (NYSE:CPA) shares hit a new 52-week high during trading on Monday . The company traded as high as $133.00 and last traded at $131.3050, with a volume of 256051 shares traded. The stock had previously closed at $121.83.

Analyst Ratings Changes

Several research analysts have recently weighed in on CPA shares. JPMorgan Chase & Co. decreased their price objective on shares of Copa from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, December 8th. Itau BBA Securities assumed coverage on Copa in a research note on Sunday, November 30th. They set a “market perform” rating on the stock. Evercore ISI boosted their price target on shares of Copa from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Wall Street Zen cut Copa from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, Raymond James Financial set a $164.00 target price on shares of Copa and gave the company a “strong-buy” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Copa has an average rating of “Buy” and an average price target of $159.43.

Copa Price Performance

The firm has a market capitalization of $5.42 billion, a PE ratio of 8.20, a P/E/G ratio of 1.38 and a beta of 0.92. The firm’s fifty day moving average price is $121.67 and its 200 day moving average price is $117.69. The company has a current ratio of 1.06, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61.

Copa (NYSE:CPA) last posted its quarterly earnings data on Wednesday, November 19th. The transportation company reported $4.20 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.17. Copa had a return on equity of 26.39% and a net margin of 18.83%.The business had revenue of $913.15 million during the quarter, compared to analysts’ expectations of $917.51 million. During the same period in the previous year, the business earned $3.50 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. As a group, equities analysts forecast that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $1.61 dividend. The ex-dividend date was Monday, December 1st. This represents a $6.44 annualized dividend and a dividend yield of 4.9%. Copa’s payout ratio is 40.05%.

Hedge Funds Weigh In On Copa

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp purchased a new position in shares of Copa in the second quarter valued at $25,000. CWM LLC increased its position in shares of Copa by 408.2% in the third quarter. CWM LLC now owns 249 shares of the transportation company’s stock worth $30,000 after acquiring an additional 200 shares in the last quarter. US Bancorp DE raised its holdings in shares of Copa by 90.2% during the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after buying an additional 120 shares during the period. Farther Finance Advisors LLC boosted its position in Copa by 271.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock valued at $31,000 after buying an additional 190 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new stake in shares of Copa in the first quarter worth $36,000. 70.09% of the stock is owned by institutional investors and hedge funds.

Copa Company Profile

Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.