Brokerages Set Copa Holdings, S.A. (NYSE:CPA) PT at $166.30

Copa Holdings, S.A. (NYSE:CPA) has been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $166.30.

Several analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Copa in a research report on Wednesday, January 21st. The Goldman Sachs Group cut Copa from a “buy” rating to a “neutral” rating and raised their target price for the stock from $150.00 to $151.00 in a research note on Thursday, February 12th. JPMorgan Chase & Co. reduced their target price on Copa from $170.00 to $165.00 and set an “overweight” rating on the stock in a research report on Thursday, March 12th. Barclays decreased their price target on Copa from $185.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. Finally, Evercore reissued an “outperform” rating and set a $185.00 price objective on shares of Copa in a research report on Friday, February 13th.

Institutional Trading of Copa

Several hedge funds have recently made changes to their positions in CPA. Hilton Head Capital Partners LLC purchased a new stake in shares of Copa during the 4th quarter worth $27,000. Empowered Funds LLC purchased a new position in Copa in the fourth quarter valued at $29,000. CWM LLC raised its stake in Copa by 408.2% in the third quarter. CWM LLC now owns 249 shares of the transportation company’s stock valued at $30,000 after buying an additional 200 shares in the last quarter. US Bancorp DE raised its stake in Copa by 90.2% in the third quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after buying an additional 120 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Copa by 271.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock worth $31,000 after buying an additional 190 shares during the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Stock Up 0.4%

Shares of NYSE CPA opened at $115.00 on Monday. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 0.90 and a beta of 1.01. The company’s 50-day simple moving average is $131.05 and its 200-day simple moving average is $125.91. The company has a quick ratio of 1.20, a current ratio of 1.31 and a debt-to-equity ratio of 0.65. Copa has a 52-week low of $82.54 and a 52-week high of $156.41.

Copa (NYSE:CPA) last announced its earnings results on Wednesday, February 11th. The transportation company reported $4.46 EPS for the quarter, beating 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 business 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 firm earned $3.99 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. Equities analysts predict that Copa will post 15.48 EPS for the current fiscal year.

Copa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 5.9%. This is a positive change from Copa’s previous quarterly dividend of $1.61. The ex-dividend date was Friday, February 27th. Copa’s payout ratio is currently 42.04%.

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.