Copa Holdings, S.A. (NYSE:CPA) Receives $172.20 Average Price Target from Analysts

Copa Holdings, S.A. (NYSE:CPA) has earned an average rating of “Buy” from the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $172.20.

Several equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Copa from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Raymond James Financial lowered their price objective on Copa from $195.00 to $185.00 and set a “strong-buy” rating on the stock in a report on Monday, August 24th. The Goldman Sachs Group boosted their target price on Copa from $138.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Copa in a report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Copa from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CPA. Elevation Wealth Partners LLC lifted its position in shares of Copa by 240.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 167 shares of the transportation company’s stock worth $26,000 after purchasing an additional 118 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in Copa in the 4th quarter worth approximately $27,000. Empowered Funds LLC bought a new position in Copa in the 4th quarter worth approximately $29,000. US Bancorp DE lifted its holdings in shares of Copa by 90.2% during the third quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after buying an additional 120 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its holdings in shares of Copa by 284.2% during the first quarter. SJS Investment Consulting Inc. now owns 292 shares of the transportation company’s stock worth $33,000 after buying an additional 216 shares during the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Stock Down 2.3%

Shares of Copa stock opened at $126.58 on Thursday. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 8.32, a P/E/G ratio of 1.19 and a beta of 1.01. The stock has a 50-day simple moving average of $142.00 and a 200-day simple moving average of $133.05. Copa has a 52-week low of $107.44 and a 52-week high of $160.46. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.97.

Copa (NYSE:CPA) last released its quarterly earnings data on Saturday, August 8th. The transportation company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.21). The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. Copa had a return on equity of 22.40% and a net margin of 15.71%.The company’s quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.61 EPS. On average, equities research analysts expect that Copa will post 15.35 earnings per share for the current fiscal year.

Copa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $1.71 dividend. The ex-dividend date is Monday, August 31st. This represents a $6.84 dividend on an annualized basis and a yield of 5.4%. Copa’s dividend payout ratio (DPR) is presently 44.97%.

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.