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

Shares of Copa Holdings, S.A. (NYSE:CPA) have earned an average rating of “Buy” from the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $165.80.

Several equities analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Copa from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. UBS Group reduced their price objective on shares of Copa from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Barclays reduced their price objective on shares of Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. Citigroup reduced their price objective on shares of Copa from $155.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Copa from $170.00 to $165.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th.

Copa Stock Performance

Shares of CPA opened at $136.99 on Tuesday. Copa has a 52-week low of $99.32 and a 52-week 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 firm has a 50-day moving average price of $118.67 and a 200 day moving average price of $125.76. The firm has a market capitalization of $5.64 billion, a PE ratio of 7.99, a P/E/G ratio of 1.06 and a beta of 0.94.

Copa (NYSE:CPA) last posted its quarterly earnings data on Wednesday, May 13th. The transportation company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.73. Copa had a net margin of 18.76% and a return on equity of 26.01%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the firm posted $4.28 EPS. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, sell-side analysts anticipate that Copa will post 15.74 earnings per share for the current fiscal year.

Copa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $1.71 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $6.84 dividend on an annualized basis and a yield of 5.0%. Copa’s dividend payout ratio is currently 39.88%.

Institutional Trading of Copa

A number of hedge funds have recently bought and sold shares of CPA. Hilton Head Capital Partners LLC purchased a new stake in Copa during the fourth quarter valued at about $27,000. Empowered Funds LLC purchased a new stake in Copa during the fourth quarter valued at about $29,000. CWM LLC lifted its stake 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 lifted its stake in Copa by 90.2% during the third quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after buying an additional 120 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in Copa by 284.2% during the first quarter. SJS Investment Consulting Inc. now owns 292 shares of the transportation company’s stock valued at $33,000 after buying an additional 216 shares in the last quarter. 70.09% of the stock is owned by hedge funds and other institutional investors.

About Copa

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.