Copa Holdings, S.A. (NYSE:CPA) Receives $159.43 Average Price Target from Brokerages

Copa Holdings, S.A. (NYSE:CPA) has been given an average rating of “Buy” by the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $159.4286.

Several equities analysts recently weighed in on the stock. Itau BBA Securities started coverage on shares of Copa in a research report on Sunday, November 30th. They issued a “market perform” rating on the stock. Evercore ISI raised their target price on Copa from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Raymond James Financial set a $164.00 target price on Copa and gave the company a “strong-buy” rating in a research report on Monday, November 3rd. JPMorgan Chase & Co. lowered their price target on Copa from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Copa in a report on Wednesday, October 8th.

Hedge Funds Weigh In On Copa

Hedge funds and other institutional investors have recently modified their holdings of the business. Invesco Ltd. grew its holdings in shares of Copa by 12.1% in the first quarter. Invesco Ltd. now owns 13,763 shares of the transportation company’s stock valued at $1,273,000 after acquiring an additional 1,487 shares in the last quarter. HighTower Advisors LLC bought a new position in Copa in the 1st quarter valued at $423,000. Russell Investments Group Ltd. increased its position in shares of Copa by 39.5% during the 1st quarter. Russell Investments Group Ltd. now owns 17,501 shares of the transportation company’s stock valued at $1,618,000 after purchasing an additional 4,951 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Copa by 9.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,184,278 shares of the transportation company’s stock worth $109,501,000 after purchasing an additional 99,955 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of Copa by 16.7% during the 1st quarter. Hsbc Holdings PLC now owns 52,671 shares of the transportation company’s stock worth $4,841,000 after purchasing an additional 7,520 shares during the period. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Copa Stock Performance

NYSE CPA opened at $123.71 on Friday. The company has a market cap of $5.09 billion, a P/E ratio of 7.69, a PEG ratio of 1.48 and a beta of 0.90. The company has a fifty day simple moving average of $122.59 and a 200 day simple moving average of $116.71. The company has a current ratio of 1.06, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. Copa has a 12-month low of $82.54 and a 12-month high of $130.00.

Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, November 19th. The transportation company reported $4.20 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.17. The firm had revenue of $913.15 million for the quarter, compared to analyst estimates of $917.51 million. Copa had a net margin of 18.83% and a return on equity of 26.39%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $3.50 earnings per share. Sell-side analysts predict that Copa will post 15.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Monday, December 1st. Copa’s dividend payout ratio is presently 40.05%.

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.