Copa Holdings, S.A. (NYSE:CPA) Receives Average Rating of “Buy” from Analysts

Shares of Copa Holdings, S.A. (NYSE:CPA) have earned a consensus recommendation of “Buy” from the thirteen research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $168.9091.

CPA has been the subject of a number of research reports. The Goldman Sachs Group increased their target price on Copa from $138.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Jefferies Financial Group initiated coverage on Copa in a report on Thursday. They set a “buy” rating and a $185.00 target price for the company. Wall Street Zen upgraded Copa from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Citigroup lowered their target price on Copa from $155.00 to $140.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. Finally, Barclays lowered their target price on Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th.

Copa Stock Performance

Shares of Copa stock opened at $150.65 on Friday. The company has a market capitalization of $6.20 billion, a PE ratio of 8.78, a PEG ratio of 1.21 and a beta of 1.00. Copa has a 12 month low of $99.32 and a 12 month high of $156.41. The company has a current ratio of 1.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. The stock’s fifty day simple moving average is $129.30 and its 200 day simple moving average is $128.12.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, May 13th. The transportation company reported $5.16 EPS for the quarter, topping the consensus estimate of $4.43 by $0.73. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. Copa had a return on equity of 26.01% and a net margin of 18.76%.The firm’s revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the business posted $4.28 EPS. On average, research analysts predict that Copa will post 15.18 EPS for the current year.

Copa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, May 29th. Copa’s dividend payout ratio is 39.88%.

Hedge Funds Weigh In On Copa

Large investors have recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC bought a new position in Copa during the 4th quarter worth about $27,000. Empowered Funds LLC bought a new position in Copa during the 4th quarter worth about $29,000. US Bancorp DE increased its holdings in Copa by 90.2% during the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after purchasing an additional 120 shares in the last quarter. SJS Investment Consulting Inc. grew its holdings in shares of Copa by 284.2% in the 1st quarter. SJS Investment Consulting Inc. now owns 292 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 216 shares in the last quarter. Finally, Triumph Capital Management bought a new position in shares of Copa in the 3rd quarter valued at about $36,000. Institutional investors own 70.09% of the company’s stock.

About Copa

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.