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

Copa Holdings, S.A. (NYSE:CPA)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $126.43 and traded as high as $141.86. Copa shares last traded at $140.8810, with a volume of 257,026 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CPA shares. Barclays reduced their price target on shares of Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. Morgan Stanley reissued an “overweight” rating and issued a $190.00 price target on shares of Copa in a research report on Monday, February 9th. UBS Group boosted their price target on shares of Copa from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. The Goldman Sachs Group boosted their price target on shares of Copa from $138.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Copa from $170.00 to $165.00 and set an “overweight” rating for the company in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Copa has a consensus rating of “Buy” and a consensus target price of $166.80.

Copa Trading Down 1.4%

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.16 and a quick ratio of 1.06. The business’s 50 day moving average price is $122.19 and its 200-day moving average price is $126.43. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 1.10 and a beta of 1.00.

Copa (NYSE:CPA) last issued its quarterly earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.73. Copa had a net margin of 18.76% and a return on equity of 26.01%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the business posted $4.28 earnings per share. The business’s revenue was up 17.0% compared to the same quarter last year. Equities analysts forecast that Copa Holdings, S.A. will post 15.74 EPS for the current fiscal year.

Copa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.9%. The ex-dividend date is Friday, May 29th. Copa’s dividend payout ratio is presently 39.88%.

Institutional Trading of Copa

Several institutional investors and hedge funds have recently modified their holdings of CPA. Hilton Head Capital Partners LLC purchased a new position in shares of Copa during the fourth quarter valued at approximately $27,000. Empowered Funds LLC acquired a new stake in shares of Copa in the fourth quarter worth $29,000. US Bancorp DE increased its position in shares of Copa by 90.2% in the third quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after acquiring an additional 120 shares in the last quarter. SJS Investment Consulting Inc. grew its holdings in Copa by 284.2% during the 1st quarter. SJS Investment Consulting Inc. now owns 292 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 216 shares in the last quarter. Finally, Triumph Capital Management acquired a new stake in Copa during the 3rd quarter valued at $36,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.

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.