Copa (NYSE:CPA) Reaches New 1-Year High – What’s Next?

Copa Holdings, S.A. (NYSE:CPA) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $157.00 and last traded at $156.1250, with a volume of 16002 shares changing hands. The stock had previously closed at $151.93.

Analyst Ratings Changes

Several research firms recently issued reports on CPA. JPMorgan Chase & Co. raised their target price on shares of Copa from $165.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Wall Street Zen upgraded Copa from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Evercore restated an “outperform” rating and issued a $175.00 price objective on shares of Copa in a report on Friday, May 15th. The Goldman Sachs Group increased their target price 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. Finally, UBS Group boosted their price objective on shares of Copa from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $168.91.

Copa Trading Up 4.1%

The business’s 50-day simple moving average is $130.64 and its two-hundred day simple moving average is $128.63. The company has a current ratio of 1.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $6.50 billion, a PE ratio of 9.23, a PEG ratio of 1.16 and a beta of 1.00.

Copa (NYSE:CPA) last announced its 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 return on equity of 26.01% and a net margin of 18.76%.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 company earned $4.28 earnings per share. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. On average, analysts predict that Copa Holdings, S.A. will post 15.96 earnings per share for the current year.

Copa Dividend Announcement

The firm also recently disclosed 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 was Friday, May 29th. This represents a $6.84 annualized dividend and a yield of 4.3%. Copa’s payout ratio is currently 39.88%.

Institutional Trading of Copa

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hilton Head Capital Partners LLC raised its position in shares of Copa by 44.0% during the 1st quarter. Hilton Head Capital Partners LLC now owns 324 shares of the transportation company’s stock worth $37,000 after purchasing an additional 99 shares during the period. Focus Financial Network Inc. grew its stake in Copa by 4.9% during the 4th quarter. Focus Financial Network Inc. now owns 2,193 shares of the transportation company’s stock worth $264,000 after buying an additional 102 shares during the last quarter. Burney Co. lifted its stake in Copa by 1.9% in the fourth quarter. Burney Co. now owns 6,032 shares of the transportation company’s stock valued at $728,000 after buying an additional 111 shares during the last quarter. MGO One Seven LLC boosted its holdings in shares of Copa by 3.1% during the fourth quarter. MGO One Seven LLC now owns 3,743 shares of the transportation company’s stock valued at $451,000 after acquiring an additional 112 shares during the period. Finally, Private Advisor Group LLC grew its position in shares of Copa by 5.8% during the third quarter. Private Advisor Group LLC now owns 2,158 shares of the transportation company’s stock worth $256,000 after acquiring an additional 119 shares during the last quarter. 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.