Copa (NYSE:CPA) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Copa (NYSE:CPA) from a hold rating to a buy rating in a report published on Friday morning.

Separately, UBS Group boosted their price target on Copa from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $153.29.

Copa Stock Performance

CPA opened at $90.24 on Friday. The company has a market cap of $3.79 billion, a P/E ratio of 5.97, a price-to-earnings-growth ratio of 0.64 and a beta of 1.44. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. The firm’s 50-day moving average price is $91.58 and its 200-day moving average price is $92.26. Copa has a 52-week low of $80.01 and a 52-week high of $114.00.

Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, November 20th. The transportation company reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.48 by $0.02. The business had revenue of $854.71 million during the quarter, compared to analysts’ expectations of $864.90 million. Copa had a net margin of 18.20% and a return on equity of 28.46%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the company posted $4.39 earnings per share. As a group, equities analysts anticipate that Copa will post 14.44 EPS for the current fiscal year.

Copa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were paid a $1.61 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.14%. Copa’s payout ratio is 42.59%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CPA. Coronation Fund Managers Ltd. grew its stake in shares of Copa by 60.3% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 4,430 shares of the transportation company’s stock worth $422,000 after purchasing an additional 1,667 shares during the period. Bank of New York Mellon Corp increased its holdings in Copa by 15.1% in the second quarter. Bank of New York Mellon Corp now owns 4,336 shares of the transportation company’s stock valued at $413,000 after buying an additional 569 shares in the last quarter. Rhumbline Advisers increased its holdings in Copa by 69,000.0% in the second quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock valued at $132,000 after buying an additional 1,380 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Copa by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 829,478 shares of the transportation company’s stock worth $78,950,000 after acquiring an additional 65,525 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of Copa by 39.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,340 shares of the transportation company’s stock worth $508,000 after acquiring an additional 1,508 shares in the last quarter. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Copa Company Profile

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.