Copa Holdings, S.A. (NYSE:CPA) Stock Has Average Price Target of $172.20 According to Brokerages

Shares of Copa Holdings, S.A. (NYSE:CPA) have been assigned a consensus recommendation of “Buy” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $172.20.

A number of brokerages have recently weighed in on CPA. Wall Street Zen cut shares of Copa from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Raymond James Financial lowered their price objective on shares of Copa from $195.00 to $185.00 and set a “strong-buy” rating for the company in a research report on Monday, August 24th. Weiss Ratings restated a “buy (b)” rating on shares of Copa in a research report on Tuesday, August 11th. Finally, UBS Group dropped their price objective on Copa from $195.00 to $185.00 and set a “buy” rating on the stock in a research note on Tuesday, August 11th.

Copa Stock Up 2.9%

Shares of NYSE CPA opened at $135.25 on Friday. The stock has a market cap of $5.56 billion, a P/E ratio of 8.89, a P/E/G ratio of 1.26 and a beta of 1.05. The firm has a 50 day moving average price of $131.85 and a 200 day moving average price of $134.10. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 1.06. Copa has a 52-week low of $107.44 and a 52-week high of $160.46.

Copa (NYSE:CPA) last issued its earnings results on Saturday, August 8th. The transportation company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.21). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.08 billion. Copa had a net margin of 15.71% and a return on equity of 22.40%. The firm’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.61 EPS. Analysts expect that Copa will post 14.78 EPS for the current year.

Copa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Monday, August 31st. Copa’s dividend payout ratio is 44.97%.

Institutional Investors Weigh In On Copa

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in shares of Copa by 3.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,396,963 shares of the transportation company’s stock worth $158,691,000 after acquiring an additional 52,243 shares in the last quarter. Cullen Capital Management LLC acquired a new stake in shares of Copa during the second quarter worth $88,871,000. Sei Investments Co. raised its holdings in shares of Copa by 5.1% during the first quarter. Sei Investments Co. now owns 351,310 shares of the transportation company’s stock worth $39,912,000 after acquiring an additional 17,113 shares during the period. INCA Investments LLC bought a new stake in Copa in the 1st quarter valued at $26,950,000. Finally, Artemis Investment Management LLP lifted its position in Copa by 64.9% in the 3rd quarter. Artemis Investment Management LLP now owns 159,559 shares of the transportation company’s stock valued at $21,038,000 after acquiring an additional 62,789 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

About Copa

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, with Tocumen International Airport in Panama City serving as its primary hub.

Copa Airlines operates a network connecting Panama with destinations across North, Central and South America and the Caribbean. Its services support both business and leisure travel, with connecting traffic routed through Panama’s geographic position as a regional aviation hub.

Copa Holdings also has an interest in Wingo, a low-cost airline serving Colombia and other markets in the Americas.