Copa Holdings, S.A. (NYSE:CPA) Stock Has Consensus Target Price of $172.20 According to Analysts

Copa Holdings, S.A. (NYSE:CPA) has been assigned an average recommendation of “Buy” from the twelve ratings firms that are covering the firm, MarketBeat.com 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 12 month price target among brokerages that have issued a report on the stock in the last year is $172.20.

CPA has been the topic of a number of recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Copa in a report on Tuesday, August 11th. UBS Group decreased their price objective on shares of Copa from $195.00 to $185.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Raymond James Financial lowered their price objective on shares of Copa from $195.00 to $185.00 and set a “strong-buy” rating on the stock in a research report on Monday, August 24th. Finally, Wall Street Zen cut shares of Copa from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Cullen Capital Management LLC acquired a new position in Copa during the second quarter valued at $88,871,000. INCA Investments LLC purchased a new position in shares of Copa during the 1st quarter valued at $26,950,000. Globeflex Capital L P purchased a new position in Copa in the second quarter valued at about $13,579,000. Quantinno Capital Management LP grew its stake in Copa by 94.7% in the first quarter. Quantinno Capital Management LP now owns 143,618 shares of the transportation company’s stock valued at $16,316,000 after purchasing an additional 69,838 shares in the last quarter. Finally, Artemis Investment Management LLP grew its stake in Copa by 64.9% in the third quarter. Artemis Investment Management LLP now owns 159,559 shares of the transportation company’s stock valued at $21,038,000 after purchasing an additional 62,789 shares in the last quarter. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Copa Price Performance

NYSE CPA opened at $134.47 on Friday. 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 1 year low of $107.44 and a 1 year high of $160.46. The company has a market cap of $5.53 billion, a PE ratio of 8.84, a PEG ratio of 1.30 and a beta of 1.05. The stock’s 50-day moving average price is $131.83 and its two-hundred day moving average price is $134.39.

Copa (NYSE:CPA) last announced its earnings results on Saturday, August 8th. The transportation company reported $1.67 EPS for the quarter, missing the consensus estimate 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 business’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.61 earnings per share. On average, analysts predict that Copa will post 14.78 EPS for the current year.

Copa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Monday, August 31st. Copa’s dividend payout ratio (DPR) is 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, with Tocumen International Airport in Panama City serving as its primary hub.

Copa Airlines operates a network connecting Panama with destinations across North, Central and South America and the Caribbean. Its services support both business and leisure travel, with connecting traffic routed through Panama’s geographic position as a regional aviation hub.

Copa Holdings also has an interest in Wingo, a low-cost airline serving Colombia and other markets in the Americas.