Copa (NYSE:CPA) Shares Cross Above 50-Day Moving Average – Should You Sell?

Copa Holdings, S.A. (NYSE:CPA) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $131.70 and traded as high as $134.05. Copa shares last traded at $132.7630, with a volume of 282,223 shares trading hands.

Wall Street Analysts Forecast Growth

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

Copa Price Performance

The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 8.62, a P/E/G ratio of 1.24 and a beta of 1.05. The business’s 50-day simple moving average is $131.73 and its two-hundred day simple moving average is $133.19. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72.

Copa (NYSE:CPA) last announced its earnings results on Saturday, August 8th. The transportation company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.21). The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. Copa had a return on equity of 22.40% and a net margin of 15.71%. Copa’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.61 EPS. As a group, research analysts expect that Copa Holdings, S.A. will post 14.78 EPS for the current fiscal year.

Copa Dividend Announcement

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

Institutional Investors Weigh In On Copa

Several institutional investors and hedge funds have recently made changes to their positions in the business. WINTON GROUP Ltd bought a new position in shares of Copa during the 2nd quarter worth about $1,509,000. Empowered Funds LLC increased its position in Copa by 8,453.5% in the 1st quarter. Empowered Funds LLC now owns 20,785 shares of the transportation company’s stock valued at $2,361,000 after buying an additional 20,542 shares in the last quarter. Quantinno Capital Management LP increased its position in Copa by 94.7% in the 1st quarter. Quantinno Capital Management LP now owns 143,618 shares of the transportation company’s stock valued at $16,316,000 after buying an additional 69,838 shares in the last quarter. Bank of America Corp DE increased its position in Copa by 45.5% in the 1st quarter. Bank of America Corp DE now owns 181,594 shares of the transportation company’s stock valued at $20,631,000 after buying an additional 56,764 shares in the last quarter. Finally, Corient Private Wealth LP raised its stake in Copa by 243.2% during the 2nd quarter. Corient Private Wealth LP now owns 31,232 shares of the transportation company’s stock worth $4,859,000 after buying an additional 22,132 shares during the period. Institutional investors own 70.09% of the company’s stock.

Copa Company Profile

Copa Holdings, SA is a Panama-based airline holding company whose principal subsidiary is Compañía Panameña de Aviación, SA, known as Copa Airlines. The company provides scheduled passenger air transportation, with Tocumen International Airport in Panama City serving as its primary hub.

Copa Airlines operates a network connecting Panama with destinations across North, Central and South America and the Caribbean. Its services support both business and leisure travel, with connecting traffic routed through Panama’s geographic position as a regional aviation hub.

Copa Holdings also has an interest in Wingo, a low-cost airline serving Colombia and other markets in the Americas.