Copa Holdings, S.A. (NYSE:CPA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Copa Holdings, S.A. (NYSE:CPA) has been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $166.30.

CPA has been the topic of several research reports. Bank of America cut their price objective on Copa from $212.00 to $171.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Itau BBA Securities initiated coverage on Copa in a research report on Sunday, November 30th. They issued a “market perform” rating for the company. Wall Street Zen lowered Copa from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Barclays reduced their price objective on Copa from $185.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Copa from $170.00 to $165.00 and set an “overweight” rating for the company in a report on Thursday, March 12th.

Institutional Investors Weigh In On Copa

Several institutional investors and hedge funds have recently bought and sold shares of the business. Hilton Head Capital Partners LLC bought a new position in Copa in the fourth quarter worth about $27,000. Empowered Funds LLC bought a new position in shares of Copa during the fourth quarter valued at approximately $29,000. CWM LLC grew its holdings in shares of 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 purchasing an additional 200 shares during the last quarter. US Bancorp DE raised its position in shares of Copa by 90.2% during the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after purchasing an additional 120 shares during the period. Finally, Farther Finance Advisors LLC raised its position 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 worth $31,000 after purchasing an additional 190 shares during the period. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Price Performance

CPA opened at $111.02 on Monday. The company has a market capitalization of $4.57 billion, a P/E ratio of 6.82, a PEG ratio of 0.87 and a beta of 0.89. The company has a 50-day moving average of $132.96 and a 200-day moving average of $126.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.20 and a current ratio of 1.31. Copa has a 1-year low of $82.54 and a 1-year high of $156.41.

Copa (NYSE:CPA) last issued its quarterly earnings results on Wednesday, February 11th. The transportation company reported $4.46 EPS for the quarter, topping the consensus estimate of $4.44 by $0.02. The business had revenue of $962.89 million for the quarter, compared to analysts’ expectations of $959.22 million. Copa had a net margin of 18.57% and a return on equity of 25.62%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.99 earnings per share. Equities analysts expect that Copa will post 15.48 EPS for the current fiscal year.

Copa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Friday, February 27th. This is an increase from Copa’s previous quarterly dividend of $1.61. Copa’s payout ratio is 42.04%.

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.