Analysts Set Copa Holdings, S.A. (NYSE:CPA) Price Target at $167.75

Shares of Copa Holdings, S.A. (NYSE:CPA) have been given a consensus recommendation of “Moderate Buy” by the ten research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $167.75.

CPA has been the topic of several analyst reports. The Goldman Sachs Group downgraded Copa from a “buy” rating to a “neutral” rating and increased their price target for the company from $150.00 to $151.00 in a report on Thursday, February 12th. Evercore restated an “outperform” rating and issued a $185.00 price objective on shares of Copa in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Copa in a report on Wednesday, January 21st. Morgan Stanley reiterated an “overweight” rating and issued a $190.00 target price on shares of Copa in a research note on Monday, February 9th. Finally, Itau BBA Securities started coverage on shares of Copa in a report on Sunday, November 30th. They issued a “market perform” rating on the stock.

Hedge Funds Weigh In On Copa

Several large investors have recently made changes to their positions in the business. Corient Private Wealth LLC increased its position in Copa by 23.6% in the 4th quarter. Corient Private Wealth LLC now owns 6,456 shares of the transportation company’s stock worth $779,000 after buying an additional 1,232 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Copa by 196.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 450 shares of the transportation company’s stock worth $54,000 after buying an additional 298 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Copa in the fourth quarter valued at approximately $417,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Copa in the fourth quarter valued at approximately $335,000. Finally, Empowered Funds LLC acquired a new stake in shares of Copa in the fourth quarter worth $29,000. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Stock Performance

CPA opened at $125.39 on Thursday. The company has a market cap of $5.16 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 0.83 and a beta of 0.89. The stock has a 50-day moving average of $136.51 and a 200-day moving average of $126.42. Copa has a 52-week low of $82.54 and a 52-week high of $156.41. 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 (NYSE:CPA) last issued its quarterly earnings data on Wednesday, February 11th. The transportation company reported $4.18 earnings per share for the quarter, missing analysts’ consensus estimates of $4.44 by ($0.26). Copa had a net margin of 18.57% and a return on equity of 25.62%. The company had revenue of $962.89 million during the quarter, compared to the consensus estimate of $959.22 million. During the same period in the previous year, the business posted $3.99 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. As a group, equities research analysts forecast that Copa will post 15.48 earnings per share for the current fiscal year.

Copa Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $1.71 dividend. The ex-dividend date is Friday, February 27th. This is a boost from Copa’s previous quarterly dividend of $1.61. This represents a $6.84 dividend on an annualized basis and a dividend yield of 5.5%. Copa’s dividend payout ratio is presently 42.04%.

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.