Copa (NYSE:CPA) Reaches New 1-Year High – What’s Next?

Copa Holdings, S.A. (NYSE:CPA)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $157.00 and last traded at $156.1250, with a volume of 16002 shares. The stock had previously closed at $151.93.

Wall Street Analysts Forecast Growth

CPA has been the topic of several research analyst reports. Barclays cut their target price on Copa from $185.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. Wall Street Zen raised shares of Copa from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Citigroup reduced their price objective on shares of Copa from $155.00 to $140.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. The Goldman Sachs Group upped their target price on shares of Copa from $138.00 to $156.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Bank of America cut 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Copa has a consensus rating of “Buy” and an average price target of $168.91.

Copa Trading Up 4.1%

The business’s 50-day moving average price is $130.64 and its 200-day moving average price is $128.63. The firm has a market capitalization of $6.50 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 1.16 and a beta of 1.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.16 and a quick ratio of 1.06.

Copa (NYSE:CPA) last released its quarterly earnings results on Wednesday, May 13th. The transportation company reported $5.16 EPS for the quarter, beating the consensus estimate of $4.43 by $0.73. Copa had a net margin of 18.76% and a return on equity of 26.01%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned $4.28 EPS. Copa’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, analysts expect that Copa Holdings, S.A. will post 15.96 earnings per share for the current fiscal year.

Copa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, May 29th. Copa’s dividend payout ratio (DPR) is 39.88%.

Hedge Funds Weigh In On Copa

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital World Investors grew its stake in shares of Copa by 0.7% during the 4th quarter. Capital World Investors now owns 4,603,671 shares of the transportation company’s stock worth $555,249,000 after purchasing an additional 30,101 shares during the period. JPMorgan Chase & Co. boosted its position in Copa by 2.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,647,779 shares of the transportation company’s stock worth $198,739,000 after purchasing an additional 44,834 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Copa by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,396,963 shares of the transportation company’s stock valued at $158,691,000 after buying an additional 52,243 shares in the last quarter. Captrust Financial Advisors grew its stake in Copa by 1.9% in the 4th quarter. Captrust Financial Advisors now owns 654,830 shares of the transportation company’s stock valued at $78,979,000 after acquiring an additional 12,053 shares during the last quarter. Finally, Brandes Investment Partners LP raised its position in Copa by 3.5% during the fourth quarter. Brandes Investment Partners LP now owns 654,255 shares of the transportation company’s stock worth $78,910,000 after acquiring an additional 22,126 shares during the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

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.