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

Shares of Copa Holdings, S.A. (NYSE:CPA) have received a consensus recommendation of “Buy” from the twelve research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $172.20.

CPA has been the topic of several research reports. Raymond James Financial dropped 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. Jefferies Financial Group started coverage on Copa in a research report on Thursday, June 18th. They issued a “buy” rating and a $185.00 target price for the company. Wall Street Zen downgraded Copa from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. UBS Group cut their price target on Copa from $195.00 to $185.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Copa in a research note on Tuesday, August 11th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Elevation Wealth Partners LLC increased its position in Copa by 240.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 167 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 118 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in Copa during the 4th quarter worth approximately $27,000. SJS Investment Consulting Inc. lifted its position in Copa by 284.2% during the 1st quarter. SJS Investment Consulting Inc. now owns 292 shares of the transportation company’s stock worth $33,000 after acquiring an additional 216 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Copa by 196.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 450 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 298 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Copa in the 2nd quarter valued at approximately $76,000. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Copa Stock Down 4.0%

CPA stock opened at $129.74 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. Copa has a twelve month low of $107.44 and a twelve month high of $160.46. The company’s 50 day moving average is $134.52 and its two-hundred day moving average is $131.64. The stock has a market cap of $5.34 billion, a P/E ratio of 8.53, a PEG ratio of 1.25 and a beta of 0.99.

Copa (NYSE:CPA) last issued its earnings results on Saturday, August 8th. The transportation company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.21). The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. Copa had a net margin of 15.71% and a return on equity of 22.40%. The company’s quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.61 EPS. Research analysts expect that Copa will post 15.22 earnings per share for the current fiscal year.

Copa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were paid a dividend of $1.71 per share. The ex-dividend date was Monday, August 31st. This represents a $6.84 dividend on an annualized basis and a yield of 5.3%. Copa’s dividend payout ratio is currently 44.97%.

About Copa

Copa Holdings, SA is a Panama-based airline holding company whose principal subsidiary is Compañía Panameña de Aviación, SA, known as Copa Airlines. The company provides scheduled passenger air transportation, connecting Panama and other destinations across North, Central and South America and the Caribbean. Copa also offers related cargo transportation services.

Copa Airlines operates its primary hub at Tocumen International Airport in Panama City, which serves as a connecting point for travel throughout the Americas.