Copa (NYSE:CPA) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Copa Holdings, S.A. (NYSE:CPA) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $131.77 and traded as high as $133.14. Copa shares last traded at $131.4680, with a volume of 208,372 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Copa from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Copa in a research report on Tuesday, August 11th. UBS Group reduced their target price on Copa from $195.00 to $185.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. 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, Raymond James Financial dropped their price target on Copa from $195.00 to $185.00 and set a “strong-buy” rating on the stock in a research note on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Copa has an average rating of “Buy” and an average price target of $172.20.

Copa Stock Performance

The firm has a market cap of $5.39 billion, a P/E ratio of 8.62, a PEG ratio of 1.22 and a beta of 0.99. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. The company’s 50-day moving average is $133.80 and its two-hundred day moving average is $131.84.

Copa (NYSE:CPA) last issued its quarterly earnings data on Saturday, August 8th. The transportation company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.21). The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Copa had a return on equity of 22.40% and a net margin of 15.71%.The business’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period last year, the company earned $3.61 earnings per share. As a group, equities analysts predict that Copa Holdings, S.A. will post 15.22 EPS for the current fiscal year.

Copa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were issued a $1.71 dividend. The ex-dividend date was Monday, August 31st. This represents a $6.84 annualized dividend and a dividend yield of 5.2%. Copa’s dividend payout ratio is currently 44.97%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IPG Investment Advisors LLC purchased a new position in shares of Copa in the 2nd quarter worth approximately $274,000. WINTON GROUP Ltd bought a new stake in Copa during the second quarter worth $1,509,000. Integrated Wealth Concepts LLC purchased a new position in Copa in the second quarter worth $76,000. NewEdge Advisors LLC grew its stake in Copa by 30.7% in the 2nd quarter. NewEdge Advisors LLC now owns 17,112 shares of the transportation company’s stock valued at $2,662,000 after purchasing an additional 4,015 shares during the period. Finally, IFP Advisors Inc grew its stake in Copa by 3,857.1% in the 2nd quarter. IFP Advisors Inc now owns 831 shares of the transportation company’s stock valued at $129,000 after purchasing an additional 810 shares during the period. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Copa Company Profile

Copa Holdings, SA is a Panama-based airline holding company whose principal subsidiary is Copa Airlines, a commercial carrier serving destinations throughout the Americas. The company provides scheduled passenger and cargo air transportation, connecting Panama and other Latin American markets with destinations in North, Central and South America and the Caribbean.

Copa Airlines operates its primary hub at Tocumen International Airport in Panama City. The hub supports the airline’s “Hub of the Americas” network, allowing passengers to connect between cities across the region.