Copa (NYSE:CPA) Price Target Raised to $160.00 at TD Cowen

Copa (NYSE:CPA) had its price objective boosted by TD Cowen from $145.00 to $160.00 in a research report released on Friday morning, MarketBeat.com reports. They currently have a buy rating on the transportation company’s stock.

Separately, StockNews.com lowered shares of Copa from a buy rating to a hold rating in a report on Monday, February 12th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Buy and a consensus target price of $156.83.

Copa Stock Down 0.2 %

Shares of NYSE:CPA traded down $0.19 during trading on Friday, hitting $109.36. The stock had a trading volume of 295,753 shares, compared to its average volume of 277,519. The company has a market capitalization of $4.31 billion, a PE ratio of 7.89, a PEG ratio of 0.39 and a beta of 1.40. The firm’s fifty day moving average is $102.17 and its 200 day moving average is $98.88. Copa has a 12 month low of $78.12 and a 12 month high of $121.20. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.58.

Copa (NYSE:CPA) last announced its earnings results on Wednesday, May 15th. The transportation company reported $4.19 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $0.92. The firm had revenue of $893.47 million for the quarter, compared to analysts’ expectations of $866.73 million. Copa had a net margin of 16.42% and a return on equity of 36.59%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.99 EPS. Analysts anticipate that Copa will post 16.46 EPS for the current fiscal year.

Copa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $1.61 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $6.44 annualized dividend and a dividend yield of 5.89%. Copa’s dividend payout ratio is presently 46.33%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CPA. FMR LLC increased its holdings in Copa by 16.8% in the 3rd quarter. FMR LLC now owns 2,401,935 shares of the transportation company’s stock worth $214,060,000 after buying an additional 345,757 shares in the last quarter. Baillie Gifford & Co. lifted its position in Copa by 7.5% during the third quarter. Baillie Gifford & Co. now owns 3,848,117 shares of the transportation company’s stock valued at $342,944,000 after purchasing an additional 267,373 shares during the period. J.P. Morgan Private Wealth Advisors LLC boosted its holdings in Copa by 3,647.0% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 261,319 shares of the transportation company’s stock worth $23,289,000 after purchasing an additional 254,345 shares during the last quarter. Capital World Investors boosted its holdings in Copa by 5.9% in the fourth quarter. Capital World Investors now owns 3,923,752 shares of the transportation company’s stock worth $417,134,000 after purchasing an additional 218,236 shares during the last quarter. Finally, Truxt Investmentos Ltda. bought a new stake in Copa in the 3rd quarter worth approximately $9,246,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 327 daily scheduled flights to 78 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2022, it operated a fleet of 97 aircraft comprising 67 Boeing 737-800 Next Generation aircraft, 9 Boeing 737-700 Next Generation aircraft, 1 Boeing 737-800 Boeing Converted Freighter, and 20 737-MAX aircraft.