Copa (NYSE:CPA) Lowered to “Hold” Rating by StockNews.com

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

Separately, 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 research note on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Copa currently has an average rating of “Buy” and a consensus price target of $153.29.

Copa Stock Performance

NYSE:CPA opened at $92.32 on Friday. Copa has a 1-year low of $80.01 and a 1-year high of $114.00. The stock has a market cap of $3.88 billion, a P/E ratio of 6.11, a PEG ratio of 0.68 and a beta of 1.44. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 0.99. The firm has a 50-day moving average of $90.72 and a two-hundred day moving average of $92.25.

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

Copa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were issued a $1.61 dividend. The ex-dividend date was Monday, December 2nd. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.98%. Copa’s dividend payout ratio (DPR) is 42.59%.

Hedge Funds Weigh In On Copa

Several large investors have recently added to or reduced their stakes in CPA. Carrhae Capital LLP acquired a new stake in shares of Copa during the third quarter worth $52,166,000. Vontobel Holding Ltd. grew its position in shares of Copa by 7,848.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 418,588 shares of the transportation company’s stock valued at $39,280,000 after buying an additional 413,322 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Copa during the third quarter worth about $14,094,000. Public Employees Retirement System of Ohio bought a new position in Copa in the third quarter worth about $9,764,000. Finally, Two Sigma Advisers LP boosted its stake in Copa by 250.1% in the third quarter. Two Sigma Advisers LP now owns 128,505 shares of the transportation company’s stock valued at $12,059,000 after acquiring an additional 91,805 shares during the period. 70.09% of the stock is currently owned by institutional investors.

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.