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

Copa Holdings, S.A. (NYSE:CPA) has received a consensus recommendation of “Buy” from the twelve research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $167.30.

A number of brokerages recently commented on CPA. UBS Group increased their price target on Copa from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Citigroup decreased their price target on Copa from $155.00 to $140.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. Barclays decreased their price target on Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. JPMorgan Chase & Co. increased their price target on Copa from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Finally, Evercore reissued an “outperform” rating and issued a $175.00 target price on shares of Copa in a research report on Friday, May 15th.

Institutional Trading of Copa

A number of large investors have recently bought and sold shares of the company. Capital World Investors increased its position in Copa by 0.7% in the fourth quarter. Capital World Investors now owns 4,603,671 shares of the transportation company’s stock worth $555,249,000 after buying an additional 30,101 shares during the last quarter. JPMorgan Chase & Co. increased its position in Copa by 2.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,647,779 shares of the transportation company’s stock worth $198,739,000 after buying an additional 44,834 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Copa by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,396,963 shares of the transportation company’s stock worth $158,691,000 after buying an additional 52,243 shares during the last quarter. Captrust Financial Advisors increased its position in Copa by 1.9% in the fourth quarter. Captrust Financial Advisors now owns 654,830 shares of the transportation company’s stock worth $78,979,000 after buying an additional 12,053 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its holdings in shares of Copa by 3.5% in the fourth quarter. Brandes Investment Partners LP now owns 654,255 shares of the transportation company’s stock worth $78,910,000 after acquiring an additional 22,126 shares during the period. 70.09% of the stock is owned by hedge funds and other institutional investors.

Copa Stock Up 2.0%

CPA stock opened at $141.82 on Friday. Copa has a twelve month low of $99.32 and a twelve month high of $156.41. The company has a quick ratio of 1.06, a current ratio of 1.16 and a debt-to-equity ratio of 0.66. The stock’s 50 day moving average is $126.17 and its 200-day moving average is $127.20. The firm has a market capitalization of $5.83 billion, a PE ratio of 8.27, a P/E/G ratio of 1.11 and a beta of 1.00.

Copa (NYSE:CPA) last posted its earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.73. Copa had a return on equity of 26.01% and a net margin of 18.76%.The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company earned $4.28 earnings per share. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. Sell-side analysts expect that Copa will post 15.18 EPS for the current fiscal year.

Copa Announces Dividend

The company 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 $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Friday, May 29th. Copa’s dividend payout ratio (DPR) is currently 39.88%.

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.