Amundi Buys 1,385 Shares of Copa Holdings, S.A. $CPA

Amundi lifted its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 2.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,811 shares of the transportation company’s stock after purchasing an additional 1,385 shares during the period. Amundi owned 0.14% of Copa worth $5,107,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CPA. Montag A & Associates Inc. bought a new stake in shares of Copa during the 1st quarter worth approximately $30,000. Bayforest Capital Ltd bought a new stake in shares of Copa during the 1st quarter worth approximately $36,000. US Bancorp DE raised its stake in shares of Copa by 378.1% during the 1st quarter. US Bancorp DE now owns 502 shares of the transportation company’s stock worth $46,000 after purchasing an additional 397 shares in the last quarter. Quarry LP bought a new stake in shares of Copa during the 1st quarter worth approximately $50,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Copa by 8,175.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 662 shares of the transportation company’s stock worth $61,000 after acquiring an additional 654 shares during the last quarter. Institutional investors own 70.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CPA. Citigroup decreased their target price on Copa from $159.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. Raymond James Financial reissued a “strong-buy” rating on shares of Copa in a report on Friday, August 8th. Cowen reissued a “buy” rating on shares of Copa in a report on Friday, August 8th. TD Cowen boosted their target price on Copa from $144.00 to $147.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Finally, Morgan Stanley reissued an “overweight” rating and set a $145.00 target price (up from $125.00) on shares of Copa in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $154.40.

Copa Stock Performance

CPA opened at $114.93 on Thursday. The business’s fifty day moving average is $113.46 and its 200-day moving average is $102.94. The firm has a market cap of $4.73 billion, a P/E ratio of 7.47, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.04. Copa Holdings, S.A. has a 52-week low of $82.54 and a 52-week high of $121.63.

Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, August 6th. The transportation company reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.25 by $0.36. The business had revenue of $842.60 million for the quarter, compared to analyst estimates of $833.12 million. Copa had a return on equity of 26.22% and a net margin of 18.36%.Copa’s revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $2.88 earnings per share. Sell-side analysts expect that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $1.61 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $6.44 annualized dividend and a yield of 5.6%. Copa’s dividend payout ratio (DPR) is 41.87%.

About Copa

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.