Copa Holdings, S.A. (NYSE:CPA) Receives Consensus Recommendation of “Buy” from Brokerages

Copa Holdings, S.A. (NYSE:CPA) has been given an average recommendation of “Buy” by the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $153.29.

Several brokerages have recently commented on CPA. Cowen restated a “buy” rating on shares of Copa in a research report on Tuesday, February 18th. StockNews.com downgraded shares of Copa from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th.

Copa Stock Up 4.1 %

CPA stock opened at $100.61 on Friday. Copa has a 1-year low of $80.01 and a 1-year high of $114.00. The business’s 50 day simple moving average is $91.57 and its 200 day simple moving average is $92.61. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $4.23 billion, a PE ratio of 6.91, a PEG ratio of 0.87 and a beta of 1.26.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, May 7th. The transportation company reported $4.28 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $0.51. Copa had a return on equity of 26.70% and a net margin of 17.67%. The firm had revenue of $899.18 million for the quarter, compared to analyst estimates of $888.82 million. During the same period in the prior year, the firm posted $4.19 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. As a group, research analysts anticipate that Copa will post 15.48 EPS for the current year.

Copa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $1.61 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $6.44 dividend on an annualized basis and a yield of 6.40%. Copa’s dividend payout ratio is 44.23%.

Institutional Trading of Copa

A number of hedge funds and other institutional investors have recently bought and sold shares of CPA. LPL Financial LLC increased its stake in Copa by 4.3% in the fourth quarter. LPL Financial LLC now owns 3,204 shares of the transportation company’s stock valued at $282,000 after acquiring an additional 132 shares during the last quarter. Carolina Wealth Advisors LLC boosted its holdings in Copa by 2.7% during the 4th quarter. Carolina Wealth Advisors LLC now owns 6,408 shares of the transportation company’s stock valued at $563,000 after acquiring an additional 166 shares during the period. Silvercrest Asset Management Group LLC grew its position in Copa by 1.1% during 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. Privium Fund Management UK Ltd increased its stake in Copa by 2.6% in the 4th quarter. Privium Fund Management UK Ltd now owns 7,114 shares of the transportation company’s stock worth $624,000 after purchasing an additional 178 shares during the period. Finally, Everstar Asset Management LLC raised its stake in shares of Copa by 5.3% during the fourth quarter. Everstar Asset Management LLC now owns 5,653 shares of the transportation company’s stock valued at $497,000 after acquiring an additional 282 shares during the last quarter. Institutional investors own 70.09% of the company’s stock.

Copa Company Profile

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.