Copa Holdings, S.A. (NYSE:CPA) has received a consensus rating of “Buy” from the sixteen analysts that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $108.23.
A number of equities research analysts have weighed in on CPA shares. Zacks Investment Research raised Copa Holdings, from a “hold” rating to a “buy” rating and set a $141.00 target price on the stock in a report on Thursday, May 11th. ValuEngine raised Copa Holdings, from a “hold” rating to a “buy” rating in a report on Friday, May 19th. BidaskClub downgraded Copa Holdings, from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $120.00 target price on shares of Copa Holdings, in a report on Friday, August 11th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $137.00 target price (up previously from $134.00) on shares of Copa Holdings, in a report on Tuesday, July 18th.
Several large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in Copa Holdings, by 10.1% in the second quarter. JPMorgan Chase & Co. now owns 2,961,624 shares of the transportation company’s stock valued at $346,511,000 after buying an additional 270,954 shares during the period. FMR LLC increased its stake in Copa Holdings, by 16.5% in the second quarter. FMR LLC now owns 2,072,986 shares of the transportation company’s stock valued at $242,538,000 after buying an additional 294,090 shares during the period. Trinity Street Asset Management LLP increased its stake in Copa Holdings, by 19.2% in the first quarter. Trinity Street Asset Management LLP now owns 967,826 shares of the transportation company’s stock valued at $108,638,000 after buying an additional 155,586 shares during the period. State Street Corp increased its stake in Copa Holdings, by 6.6% in the first quarter. State Street Corp now owns 867,867 shares of the transportation company’s stock valued at $97,415,000 after buying an additional 53,612 shares during the period. Finally, BlackRock Inc. increased its stake in Copa Holdings, by 5.1% in the second quarter. BlackRock Inc. now owns 782,269 shares of the transportation company’s stock valued at $91,525,000 after buying an additional 37,710 shares during the period. 70.35% of the stock is currently owned by institutional investors.
Shares of Copa Holdings, (CPA) traded down 0.90% during trading on Friday, reaching $122.61. The company’s stock had a trading volume of 242,146 shares. The company has a market cap of $5.20 billion, a PE ratio of 15.80 and a beta of 1.80. Copa Holdings, has a 52-week low of $75.74 and a 52-week high of $133.70. The firm’s 50-day moving average is $125.92 and its 200 day moving average is $115.00.
Copa Holdings, (NYSE:CPA) last issued its earnings results on Wednesday, August 9th. The transportation company reported $1.48 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.48. The firm had revenue of $578.10 million for the quarter, compared to the consensus estimate of $567.47 million. Copa Holdings, had a return on equity of 14.98% and a net margin of 14.17%. The company’s revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. On average, equities research analysts predict that Copa Holdings, will post $8.65 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a dividend of $0.75 per share. This is an increase from Copa Holdings,’s previous quarterly dividend of $0.51. The ex-dividend date is Tuesday, August 29th. This represents a $3.00 annualized dividend and a dividend yield of 2.45%. Copa Holdings,’s dividend payout ratio (DPR) is 25.79%.
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About Copa Holdings,
Copa Holdings, SA is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama.
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