Copa Holdings, S.A. (NYSE:CPA) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Copa Holdings, S.A. (NYSE:CPA) have earned an average rating of “Hold” from the sixteen analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $110.80.

CPA has been the subject of several analyst reports. Barclays initiated coverage on Copa in a research report on Monday, July 29th. They set an “overweight” rating and a $122.00 target price for the company. JPMorgan Chase & Co. raised their target price on Copa from $105.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 3rd. ValuEngine downgraded Copa from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Raymond James upgraded Copa from a “market perform” rating to an “outperform” rating and set a $127.00 target price for the company in a research report on Friday, August 9th. Finally, Evercore ISI upgraded Copa from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $110.00 to $115.00 in a research report on Tuesday, August 27th.

Shares of Copa stock traded down $3.32 during midday trading on Friday, hitting $98.25. 13,511 shares of the company were exchanged, compared to its average volume of 292,384. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.87. The firm has a market cap of $4.21 billion, a P/E ratio of 15.17, a PEG ratio of 0.79 and a beta of 1.36. Copa has a 52 week low of $67.38 and a 52 week high of $113.62. The firm has a 50 day simple moving average of $102.64 and a 200-day simple moving average of $92.70.

Copa (NYSE:CPA) last posted its earnings results on Wednesday, August 7th. The transportation company reported $1.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.15. The business had revenue of $645.10 million during the quarter, compared to the consensus estimate of $625.92 million. Copa had a return on equity of 12.35% and a net margin of 1.59%. Copa’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company earned $1.17 EPS. Equities research analysts expect that Copa will post 8.01 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.65 per share. The ex-dividend date is Thursday, August 29th. This represents a $2.60 dividend on an annualized basis and a yield of 2.65%. Copa’s dividend payout ratio is 39.88%.

Hedge funds have recently added to or reduced their stakes in the stock. Investors Research Corp acquired a new stake in shares of Copa in the 2nd quarter valued at $29,000. Point72 Hong Kong Ltd acquired a new stake in shares of Copa in the 2nd quarter valued at $57,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Copa by 8.0% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,398 shares of the transportation company’s stock valued at $132,000 after buying an additional 103 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of Copa in the 2nd quarter valued at $165,000. Finally, Pinnacle Associates Ltd. acquired a new stake in shares of Copa in the 2nd quarter valued at $203,000. 68.88% of the stock is owned by hedge funds and other institutional investors.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 81 destinations in 33 countries in North, Central, and South America, as well as the Caribbean. As of April 24, 2019, it operated a fleet of 105 aircraft comprising 6 Boeing 737 MAX9s, 82 Boeing 737NGs, and 17 Embraer-190s aircraft.

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Analyst Recommendations for Copa (NYSE:CPA)

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