Copa Holdings, S.A. (NYSE:CPA) Receives Average Recommendation of “Buy” from Brokerages

Shares of Copa Holdings, S.A. (NYSE:CPA) have earned an average rating of “Buy” from the nine research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $156.00.

A number of analysts have recently commented on CPA shares. JPMorgan Chase & Co. dropped their target price on shares of Copa from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, December 8th. Raymond James Financial set a $164.00 price target on shares of Copa and gave the company a “strong-buy” rating in a research report on Monday, November 3rd. Wall Street Zen cut shares of Copa from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 4th. Evercore ISI raised their target price on shares of Copa from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Finally, Itau BBA Securities initiated coverage on Copa in a research report on Sunday, November 30th. They issued a “market perform” rating on the stock.

Hedge Funds Weigh In On Copa

Large investors have recently modified their holdings of the stock. Capital World Investors boosted its stake in Copa by 0.9% in the 3rd quarter. Capital World Investors now owns 4,573,570 shares of the transportation company’s stock worth $543,432,000 after purchasing an additional 40,285 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Copa by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,313,021 shares of the transportation company’s stock worth $156,014,000 after buying an additional 42,921 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Copa by 3.6% during the third quarter. Captrust Financial Advisors now owns 642,777 shares of the transportation company’s stock valued at $76,375,000 after buying an additional 22,177 shares during the last quarter. Vontobel Holding Ltd. increased its position in shares of Copa by 16.6% during the second quarter. Vontobel Holding Ltd. now owns 552,249 shares of the transportation company’s stock valued at $60,731,000 after acquiring an additional 78,687 shares in the last quarter. Finally, Clark Capital Management Group Inc. raised its holdings in Copa by 35.2% in the 3rd quarter. Clark Capital Management Group Inc. now owns 550,805 shares of the transportation company’s stock worth $65,447,000 after acquiring an additional 143,497 shares during the last quarter. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Copa Stock Down 1.1%

CPA stock opened at $130.00 on Wednesday. Copa has a fifty-two week low of $82.54 and a fifty-two week high of $133.00. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 1.48 and a beta of 0.92. The business’s 50 day moving average price is $122.38 and its two-hundred day moving average price is $118.90. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 1.06.

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

Copa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Monday, December 1st. Copa’s payout ratio is 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.