Shares of Copa Holdings, S.A. (NYSE:CPA – Get Free Report) have earned an average rating of “Moderate Buy” from the twelve analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $166.30.
A number of research analysts have recently commented on the stock. Itau BBA Securities began coverage on shares of Copa in a research report on Sunday, November 30th. They set a “market perform” rating on the stock. UBS Group lowered their price target on shares of Copa from $190.00 to $185.00 and set a “buy” rating for the company in a report on Friday. Bank of America dropped their price target on shares of Copa from $212.00 to $171.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Citigroup cut their price objective on shares of Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Finally, The Goldman Sachs Group cut shares of Copa from a “buy” rating to a “neutral” rating and upped their price objective for the company from $150.00 to $151.00 in a research report on Thursday, February 12th.
Read Our Latest Research Report on CPA
Institutional Investors Weigh In On Copa
Copa Stock Performance
Shares of NYSE:CPA opened at $111.02 on Monday. The business’s 50-day simple moving average is $132.96 and its 200 day simple moving average is $126.15. The company has a market cap of $4.57 billion, a P/E ratio of 6.82, a PEG ratio of 0.87 and a beta of 0.89. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.20 and a current ratio of 1.31. Copa has a one year low of $82.54 and a one year high of $156.41.
Copa (NYSE:CPA – Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The transportation company reported $4.46 earnings per share for the quarter, topping analysts’ consensus estimates of $4.44 by $0.02. Copa had a return on equity of 25.62% and a net margin of 18.57%.The firm had revenue of $962.89 million during the quarter, compared to analysts’ expectations of $959.22 million. During the same quarter in the prior year, the business earned $3.99 EPS. Copa’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, sell-side analysts forecast that Copa will post 15.48 earnings per share for the current fiscal year.
Copa Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a $1.71 dividend. This is an increase from Copa’s previous quarterly dividend of $1.61. This represents a $6.84 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Friday, February 27th. Copa’s dividend payout ratio (DPR) is currently 42.04%.
Copa Company Profile
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.
Recommended Stories
Receive News & Ratings for Copa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copa and related companies with MarketBeat.com's FREE daily email newsletter.
