Copa (NYSE:CPA) Sets New 52-Week High – Here’s What Happened

Copa Holdings, S.A. (NYSE:CPA)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $157.00 and last traded at $156.1250, with a volume of 16002 shares trading hands. The stock had previously closed at $151.93.

Analyst Ratings Changes

A number of research firms have commented on CPA. The Goldman Sachs Group raised their price target on shares of Copa from $138.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, May 15th. UBS Group upped their price objective on shares of Copa from $185.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Bank of America cut their price objective on shares of Copa from $212.00 to $171.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. JPMorgan Chase & Co. boosted their target price on Copa from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Finally, Wall Street Zen raised Copa from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $168.91.

Copa Stock Up 0.2%

The firm has a market cap of $6.47 billion, a P/E ratio of 9.17, a price-to-earnings-growth ratio of 1.19 and a beta of 1.00. The stock’s 50 day simple moving average is $132.14 and its 200 day simple moving average is $129.17. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 1.16.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, May 13th. The transportation company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.73. Copa had a net margin of 18.76% and a return on equity of 26.01%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the company earned $4.28 earnings per share. The business’s revenue was up 17.0% on a year-over-year basis. Research analysts anticipate that Copa Holdings, S.A. will post 15.96 EPS for the current year.

Copa Dividend Announcement

The business also recently disclosed 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 4.3%. The ex-dividend date of this dividend was Friday, May 29th. Copa’s payout ratio is currently 39.88%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CPA. Hilton Head Capital Partners LLC purchased a new stake in Copa in the 4th quarter valued at $27,000. Empowered Funds LLC bought a new position in Copa during the 4th quarter valued at $29,000. US Bancorp DE boosted 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 acquiring an additional 120 shares during the last quarter. SJS Investment Consulting Inc. grew its stake 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 worth $33,000 after acquiring an additional 216 shares in the last quarter. Finally, Triumph Capital Management purchased a new stake in shares of Copa in the third quarter valued at about $36,000. Institutional investors own 70.09% of the company’s stock.

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.