Copa Holdings, S.A. (NYSE:CPA) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Copa Holdings, S.A. (NYSE:CPA) have received an average recommendation of “Buy” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $156.00.

A number of brokerages have recently issued reports on CPA. Evercore ISI raised their price objective on Copa from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. JPMorgan Chase & Co. reduced their price target on Copa from $180.00 to $170.00 and set an “overweight” rating on the stock 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. Raymond James Financial set a $164.00 price objective on Copa and gave the company a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Wall Street Zen cut shares of Copa from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 4th.

Institutional Trading of Copa

Large investors have recently modified their holdings of the business. Fifth Third Bancorp purchased a new position in shares of Copa during the second quarter valued at approximately $25,000. CWM LLC increased its position in Copa by 408.2% during the 3rd quarter. CWM LLC now owns 249 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 200 shares during the period. US Bancorp DE raised its holdings in Copa by 90.2% in the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after purchasing an additional 120 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Copa by 271.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock worth $31,000 after purchasing an additional 190 shares during the period. Finally, Marquette Asset Management LLC purchased a new stake in shares of Copa in the 3rd quarter worth about $36,000. 70.09% of the stock is owned by institutional investors.

Copa Trading Down 1.1%

CPA stock opened at $130.00 on Wednesday. The company has a market capitalization of $5.35 billion, a PE ratio of 8.08, a price-to-earnings-growth ratio of 1.48 and a beta of 0.92. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 1.06. Copa has a one year low of $82.54 and a one year high of $133.00. The company’s 50 day moving average price is $122.38 and its two-hundred day moving average price is $118.90.

Copa (NYSE:CPA) last announced 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 net margin of 18.83% and a return on equity of 26.39%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.50 EPS. As a group, analysts predict that Copa will post 15.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a $1.61 dividend. The ex-dividend date was Monday, December 1st. This represents a $6.44 dividend on an annualized basis and a dividend yield of 5.0%. Copa’s payout ratio is presently 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.