Copa Holdings, S.A. (NYSE:CPA) Receives $167.75 Consensus Price Target from Analysts

Shares of Copa Holdings, S.A. (NYSE:CPA) have earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $167.75.

Several analysts have issued reports on CPA shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $190.00 price target on shares of Copa in a report on Monday, February 9th. Wall Street Zen upgraded Copa from a “hold” rating to a “buy” rating in a research report on Sunday, February 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Copa in a research note on Wednesday, January 21st. The Goldman Sachs Group cut Copa from a “buy” rating to a “neutral” rating and increased their target price for the company from $150.00 to $151.00 in a report on Thursday, February 12th. Finally, Itau BBA Securities initiated coverage on Copa in a report on Sunday, November 30th. They issued a “market perform” rating for the company.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC acquired a new position in Copa in the 4th quarter valued at $27,000. Empowered Funds LLC acquired a new stake in Copa in the 4th quarter worth about $29,000. CWM LLC grew its holdings in Copa by 408.2% in the 3rd quarter. CWM LLC now owns 249 shares of the transportation company’s stock valued at $30,000 after buying an additional 200 shares during the period. US Bancorp DE grew its holdings in Copa by 90.2% in 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. Finally, Farther Finance Advisors LLC increased its stake in shares of Copa by 271.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 190 shares during the last quarter. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Copa Trading Down 1.5%

Shares of CPA stock opened at $124.99 on Thursday. The stock has a market cap of $5.15 billion, a P/E ratio of 7.68, a P/E/G ratio of 0.83 and a beta of 0.89. The company has a quick ratio of 1.20, a current ratio of 1.31 and a debt-to-equity ratio of 0.65. Copa has a fifty-two week low of $82.54 and a fifty-two week high of $156.41. The business has a fifty day simple moving average of $136.41 and a 200-day simple moving average of $126.25.

Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, February 11th. The transportation company reported $4.18 EPS for the quarter, missing the consensus estimate of $4.44 by ($0.26). Copa had a return on equity of 25.62% and a net margin of 18.57%.The business had revenue of $962.89 million during the quarter, compared to analysts’ expectations of $959.22 million. During the same quarter in the prior year, the firm earned $3.99 earnings per share. Copa’s quarterly revenue was up 9.6% on a year-over-year basis. On average, analysts forecast that Copa will post 15.48 earnings per share for the current fiscal year.

Copa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $1.71 per share. The ex-dividend date is Friday, February 27th. This represents a $6.84 dividend on an annualized basis and a yield of 5.5%. This is a boost from Copa’s previous quarterly dividend of $1.61. Copa’s dividend payout ratio (DPR) is 42.04%.

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.