Copa (NYSE:CPA) Reaches New 12-Month High – Here’s What Happened

Shares of Copa Holdings, S.A. (NYSE:CPA) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $139.00 and last traded at $138.67, with a volume of 73414 shares traded. The stock had previously closed at $136.40.

Analyst Ratings Changes

CPA has been the topic of a number of research analyst reports. Raymond James Financial set a $164.00 target price on Copa and gave the stock a “strong-buy” rating in a research note on Monday, November 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Copa from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, December 8th. Wall Street Zen downgraded shares of Copa from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “buy (b)” rating on shares of Copa in a research note on Wednesday, January 21st. Finally, Itau BBA Securities assumed coverage on shares of Copa in a report on Sunday, November 30th. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $156.00.

Copa Price Performance

The firm has a market capitalization of $6.03 billion, a P/E ratio of 9.10, a PEG ratio of 1.60 and a beta of 0.92. The business’s 50-day simple moving average is $125.73 and its 200 day simple moving average is $121.46. The company has a quick ratio of 0.95, a current ratio of 1.06 and a debt-to-equity ratio of 0.61.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, November 19th. The transportation company reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.17. Copa had a net margin of 18.83% and a return on equity of 26.39%. The firm had revenue of $913.15 million during the quarter, compared to analyst estimates of $917.51 million. During the same period in the previous year, the business posted $3.50 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Sell-side analysts forecast that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $1.61 dividend. The ex-dividend date was Monday, December 1st. This represents a $6.44 annualized dividend and a dividend yield of 4.4%. Copa’s payout ratio is currently 40.05%.

Institutional Investors Weigh In On Copa

Institutional investors have recently bought and sold shares of the stock. MGO One Seven LLC increased its stake in Copa by 3.1% in the 4th quarter. MGO One Seven LLC now owns 3,743 shares of the transportation company’s stock worth $451,000 after purchasing an additional 112 shares during the period. McIlrath & Eck LLC boosted its stake in shares of Copa by 97.9% during the fourth quarter. McIlrath & Eck LLC now owns 1,152 shares of the transportation company’s stock valued at $139,000 after purchasing an additional 570 shares during the period. VELA Investment Management LLC grew its holdings in shares of Copa by 6.0% in the fourth quarter. VELA Investment Management LLC now owns 37,393 shares of the transportation company’s stock worth $4,510,000 after purchasing an additional 2,117 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new position in shares of Copa in the fourth quarter worth $1,266,000. Finally, Artemis Investment Management LLP raised its holdings in Copa by 14.8% during the 4th quarter. Artemis Investment Management LLP now owns 451,756 shares of the transportation company’s stock valued at $54,486,000 after buying an additional 58,133 shares during the last quarter. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

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.