Copa Holdings, S.A. (NYSE:CPA) Receives $156.00 Average PT from Analysts

Copa Holdings, S.A. (NYSE:CPA) has been assigned an average rating of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $163.50.

CPA has been the topic of several research analyst reports. Wall Street Zen raised shares of Copa from a “hold” rating to a “buy” rating in a research note on Sunday. Raymond James Financial set a $164.00 price target on Copa and gave the stock a “strong-buy” rating in a research report on Monday, November 3rd. JPMorgan Chase & Co. cut their price objective on Copa from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. Itau BBA Securities started coverage on Copa in a research note on Sunday, November 30th. They issued a “market perform” rating on the stock. Finally, Morgan Stanley restated an “overweight” rating and issued a $190.00 target price on shares of Copa in a research note on Monday.

Institutional Trading of Copa

A number of hedge funds and other institutional investors have recently modified their holdings of CPA. Northwestern Mutual Wealth Management Co. boosted its position in Copa by 1,361,326.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 258,671 shares of the transportation company’s stock valued at $31,198,000 after buying an additional 258,652 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Copa during the fourth quarter valued at $18,813,000. Clark Capital Management Group Inc. lifted its stake in shares of Copa by 35.2% during the third quarter. Clark Capital Management Group Inc. now owns 550,805 shares of the transportation company’s stock valued at $65,447,000 after acquiring an additional 143,497 shares during the period. Two Sigma Investments LP boosted its holdings in Copa by 153.5% in the third quarter. Two Sigma Investments LP now owns 229,076 shares of the transportation company’s stock valued at $27,219,000 after acquiring an additional 138,700 shares during the last quarter. Finally, Wasatch Advisors LP increased its position in Copa by 33.3% in the third quarter. Wasatch Advisors LP now owns 547,618 shares of the transportation company’s stock worth $65,068,000 after purchasing an additional 136,719 shares during the period. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Stock Performance

Shares of NYSE:CPA opened at $152.94 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.06 and a quick ratio of 0.95. The business’s fifty day moving average price is $128.83 and its two-hundred day moving average price is $122.93. Copa has a fifty-two week low of $82.54 and a fifty-two week high of $156.41. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 1.73 and a beta of 0.92.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, November 19th. The transportation company reported $4.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.17. The company had revenue of $913.15 million during the quarter, compared to analysts’ expectations of $917.51 million. Copa had a return on equity of 26.39% and a net margin of 18.83%.The business’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the business earned $3.50 earnings per share. As a group, analysts predict that Copa will post 15.48 EPS for the current fiscal year.

Copa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $1.61 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $6.44 dividend on an annualized basis and a dividend yield of 4.2%. Copa’s payout ratio is currently 40.05%.

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.