Analysts Set Copa Holdings, S.A. (NYSE:CPA) Price Target at $153.29

by · The Cerbat Gem

Shares of Copa Holdings, S.A. (NYSE:CPA – Get Free Report) have received a consensus recommendation of “Buy” from the eight brokerages that are covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $153.29.

A number of equities research analysts recently commented on CPA shares. UBS Group lifted their price target on shares of Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Cowen reaffirmed a “buy” rating on shares of Copa in a research report on Tuesday, February 18th. Finally, StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th.

Read Our Latest Analysis on CPA

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Copa by 0.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,628,609 shares of the transportation company’s stock worth $231,002,000 after acquiring an additional 11,300 shares during the last quarter. FMR LLC increased its holdings in Copa by 18.1% during the 4th quarter. FMR LLC now owns 1,503,772 shares of the transportation company’s stock valued at $132,151,000 after purchasing an additional 230,653 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Copa by 17.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,084,323 shares of the transportation company’s stock worth $95,290,000 after buying an additional 159,470 shares during the period. Carrhae Capital LLP grew its position in shares of Copa by 26.3% in the 4th quarter. Carrhae Capital LLP now owns 701,867 shares of the transportation company’s stock worth $61,680,000 after buying an additional 145,967 shares during the last quarter. Finally, Brandes Investment Partners LP increased its stake in shares of Copa by 8.6% during the fourth quarter. Brandes Investment Partners LP now owns 561,901 shares of the transportation company’s stock valued at $49,380,000 after buying an additional 44,298 shares during the period. Institutional investors own 70.09% of the company’s stock.

Copa Trading Up 0.1 %

Shares of Copa stock opened at $88.06 on Monday. The stock has a fifty day moving average price of $92.27 and a 200-day moving average price of $93.07. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.10 and a quick ratio of 0.99. The firm has a market cap of $3.70 billion, a PE ratio of 6.05, a P/E/G ratio of 0.87 and a beta of 1.11. Copa has a 1 year low of $80.01 and a 1 year high of $114.00.

Copa (NYSE:CPA – Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.84 by $0.15. Copa had a net margin of 17.67% and a return on equity of 26.70%. Equities research analysts anticipate that Copa will post 15.48 EPS for the current year.

Copa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $1.61 dividend. The ex-dividend date was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a yield of 7.31%. Copa’s dividend payout ratio (DPR) is currently 44.23%.

Copa Company Profile

(Get Free Report

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 375 daily scheduled flights to 82 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2023, it operated a fleet of 106 aircraft comprising 76 Boeing 737-Next Generation aircraft, 29 Boeing 737 MAX 9 aircraft, and one Boeing 737-800 Boeing Converted Freighter.

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