Copa Holdings, S.A. (NYSE:CPA) Given Average Rating of “Buy” by Analysts

Shares of Copa Holdings, S.A. (NYSE:CPA) have been assigned a consensus rating of “Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $168.9091.

CPA has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price objective on shares of Copa from $138.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Wall Street Zen raised Copa from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. UBS Group upped their target price on Copa from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Barclays cut their price target on shares of Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. Finally, Jefferies Financial Group started coverage on shares of Copa in a report on Thursday, June 18th. They set a “buy” rating and a $185.00 price objective on the stock.

Copa Trading Down 3.5%

Shares of NYSE:CPA opened at $149.41 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. Copa has a 12-month low of $106.56 and a 12-month high of $160.46. The business has a 50 day moving average of $137.47 and a two-hundred day moving average of $131.19. The company has a market capitalization of $6.15 billion, a PE ratio of 8.71, a PEG ratio of 1.16 and a beta of 1.00.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, May 13th. The transportation company reported $5.16 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 analysts’ expectations of $1.04 billion. During the same quarter last year, the company earned $4.28 EPS. The business’s revenue was up 17.0% on a year-over-year basis. As a group, analysts forecast that Copa will post 16.16 EPS for the current year.

Copa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $1.71 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.6%. Copa’s dividend payout ratio is presently 39.88%.

Institutional Trading of Copa

A number of institutional investors have recently made changes to their positions in the company. Hilton Head Capital Partners LLC grew its position in Copa by 44.0% in the first quarter. Hilton Head Capital Partners LLC now owns 324 shares of the transportation company’s stock worth $37,000 after acquiring an additional 99 shares during the period. Focus Financial Network Inc. raised its position in Copa by 4.9% in the fourth quarter. Focus Financial Network Inc. now owns 2,193 shares of the transportation company’s stock valued at $264,000 after purchasing an additional 102 shares during the period. Burney Co. lifted its stake in shares of Copa by 1.9% in the 4th quarter. Burney Co. now owns 6,032 shares of the transportation company’s stock valued at $728,000 after purchasing an additional 111 shares during the last quarter. MGO One Seven LLC grew its holdings in shares of Copa by 3.1% during the 4th quarter. MGO One Seven LLC now owns 3,743 shares of the transportation company’s stock worth $451,000 after purchasing an additional 112 shares during the period. Finally, Private Advisor Group LLC grew its holdings in shares of Copa by 5.8% during the 3rd quarter. Private Advisor Group LLC now owns 2,158 shares of the transportation company’s stock worth $256,000 after purchasing an additional 119 shares during the period. 70.09% of the stock is owned by institutional investors and hedge funds.

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.