Copa (NYSE:CPA) Hits New 1-Year High – Here’s Why

Copa Holdings, S.A. (NYSE:CPA)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $156.06 and last traded at $156.0970, with a volume of 36769 shares. The stock had previously closed at $154.09.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CPA. Raymond James Financial set a $164.00 target price on Copa and gave the stock a “strong-buy” rating in a research report on Monday, November 3rd. Itau BBA Securities began coverage on Copa in a report on Sunday, November 30th. They set a “market perform” rating on the stock. Wall Street Zen raised shares of Copa from a “hold” rating to a “buy” rating in a research note on Sunday. JPMorgan Chase & Co. decreased their target price on shares of Copa from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, December 8th. Finally, Morgan Stanley restated an “overweight” rating and set a $190.00 price target on shares of Copa in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $163.50.

Copa Trading Down 0.2%

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 1.06. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 1.73 and a beta of 0.92. The company’s 50 day simple moving average is $128.83 and its two-hundred day simple moving average is $122.93.

Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, November 19th. The transportation company reported $4.20 EPS for the quarter, beating the consensus estimate of $4.03 by $0.17. Copa had a net margin of 18.83% and a return on equity of 26.39%. The business had revenue of $913.15 million for the quarter, compared to analysts’ expectations of $917.51 million. During the same period in the previous year, the company posted $3.50 EPS. Copa’s revenue was up 6.8% on a year-over-year basis. Research analysts expect that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $1.61 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $6.44 dividend on an annualized basis and a dividend yield of 4.2%. Copa’s dividend payout ratio (DPR) is 40.05%.

Hedge Funds Weigh In On Copa

A number of hedge funds have recently added to or reduced their stakes in CPA. Focus Financial Network Inc. lifted its stake in Copa by 4.9% in the fourth quarter. Focus Financial Network Inc. now owns 2,193 shares of the transportation company’s stock valued at $264,000 after acquiring an additional 102 shares during the last quarter. Burney Co. lifted its stake in shares of Copa by 1.9% in the 4th quarter. Burney Co. now owns 6,032 shares of the transportation company’s stock valued at $728,000 after purchasing an additional 111 shares during the last quarter. MGO One Seven LLC boosted its holdings in Copa by 3.1% in the fourth quarter. MGO One Seven LLC now owns 3,743 shares of the transportation company’s stock worth $451,000 after purchasing an additional 112 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Copa by 5.8% in the third quarter. Private Advisor Group LLC now owns 2,158 shares of the transportation company’s stock worth $256,000 after purchasing an additional 119 shares in the last quarter. Finally, US Bancorp DE increased its position in Copa by 90.2% during the third quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after buying an additional 120 shares during the last quarter. Institutional investors and hedge funds 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.