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

Shares of Copa Holdings, S.A. (NYSE:CPA) have been given a consensus rating of “Buy” by the eight research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $156.00.

CPA has been the topic of several research reports. Raymond James Financial set a $164.00 price objective on shares of Copa and gave the company a “strong-buy” rating in a research note on Monday, November 3rd. Itau BBA Securities started coverage on shares of Copa in a report on Sunday, November 30th. They set a “market perform” rating on the stock. Wall Street Zen upgraded Copa from a “hold” rating to a “buy” rating in a report on Sunday. JPMorgan Chase & Co. reduced their price objective 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 research report on Wednesday, January 21st.

Institutional Investors Weigh In On Copa

A number of large investors have recently bought and sold shares of the business. CWM LLC raised its holdings in Copa by 408.2% during the third quarter. CWM LLC now owns 249 shares of the transportation company’s stock valued at $30,000 after buying an additional 200 shares in the last quarter. US Bancorp DE increased its holdings in shares of Copa by 90.2% during the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 120 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Copa by 271.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 190 shares during the last quarter. Marquette Asset Management LLC bought a new position in shares of Copa in the 3rd quarter valued at approximately $36,000. Finally, Triumph Capital Management acquired a new stake in Copa in the 3rd quarter worth approximately $36,000. 70.09% of the stock is currently owned by institutional investors.

Copa Trading Up 3.1%

Shares of CPA opened at $154.19 on Friday. The business’s 50-day moving average price is $127.51 and its 200 day moving average price is $122.25. The company has a current ratio of 1.06, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $6.35 billion, a P/E ratio of 9.59, a P/E/G ratio of 1.74 and a beta of 0.92. Copa has a 1-year low of $82.54 and a 1-year high of $154.58.

Copa (NYSE:CPA) last announced its earnings results on Wednesday, November 19th. The transportation company reported $4.20 earnings per share (EPS) 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 the consensus estimate of $917.51 million. Copa had a net margin of 18.83% and a return on equity of 26.39%. The company’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.50 EPS. Analysts expect that Copa will post 15.48 earnings per share for the current year.

Copa Dividend Announcement

The firm 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 was Monday, December 1st. This represents a $6.44 annualized dividend and a dividend yield of 4.2%. Copa’s dividend 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.