Copa (NYSE:CPA) Shares Climb 7.3% – Time to Buy?

Copa Holdings, S.A. (NYSE:CPA) was up 7.3% during trading on Monday. The stock traded as high as $137.00 and last traded at $138.3220. Approximately 20,538 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 374,462 shares. The stock had previously closed at $128.92.

Analyst Ratings Changes

Several brokerages have recently issued reports on CPA. Wall Street Zen lowered 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 for the company in a research report on Monday, August 24th. UBS Group dropped their price objective on Copa from $195.00 to $185.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Copa in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Copa has a consensus rating of “Buy” and an average price target of $172.20.

Copa Stock Up 7.0%

The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 1.23 and a beta of 1.14. The business’s 50-day moving average is $131.74 and its 200-day moving average is $133.17.

Copa (NYSE:CPA) last posted its quarterly earnings data 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 firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Copa had a net margin of 15.71% and a return on equity of 22.40%. Copa’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.61 EPS. As a group, equities analysts predict that Copa Holdings, S.A. will post 14.78 earnings per share for the current year.

Copa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders 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 5.0%. Copa’s payout ratio is currently 44.97%.

Institutional Investors Weigh In On Copa

A number of institutional investors have recently made changes to their positions in CPA. Cullen Capital Management LLC purchased a new stake in shares of Copa during the second quarter worth about $88,871,000. INCA Investments LLC acquired a new stake in Copa during the first quarter worth about $26,950,000. Globeflex Capital L P acquired a new stake in Copa during the second quarter valued at $13,579,000. Quantinno Capital Management LP increased its holdings in Copa by 94.7% in the 1st quarter. Quantinno Capital Management LP now owns 143,618 shares of the transportation company’s stock worth $16,316,000 after acquiring an additional 69,838 shares in the last quarter. Finally, Artemis Investment Management LLP lifted its stake in shares of Copa by 64.9% in the third quarter. Artemis Investment Management LLP now owns 159,559 shares of the transportation company’s stock worth $21,038,000 after buying an additional 62,789 shares in the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.

Copa Company Profile

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.