UBS Group Forecasts Strong Price Appreciation for Copa (NYSE:CPA) Stock

by · The Cerbat Gem

Copa (NYSE:CPA – Free Report) had its price objective raised by UBS Group from $160.00 to $180.00 in a report released on Tuesday morning,Benzinga reports. UBS Group currently has a buy rating on the transportation company’s stock.

Separately, StockNews.com cut shares of Copa from a “buy” rating to a “hold” rating in a report on Monday, November 25th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $153.29.

Read Our Latest Analysis on CPA

Copa Stock Performance

Shares of CPA stock opened at $90.28 on Tuesday. Copa has a 12 month low of $80.01 and a 12 month high of $114.00. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.56. The company has a market cap of $3.56 billion, a P/E ratio of 5.97, a PEG ratio of 0.72 and a beta of 1.44. The firm has a fifty day moving average price of $92.79 and a 200 day moving average price of $92.48.

Copa (NYSE:CPA – Get Free Report) last released its quarterly earnings data on Wednesday, November 20th. The transportation company reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.48 by $0.02. The business had revenue of $854.71 million for the quarter, compared to the consensus estimate of $864.90 million. Copa had a return on equity of 28.46% and a net margin of 18.20%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.39 EPS. Sell-side analysts predict that Copa will post 14.48 earnings per share for the current fiscal year.

Copa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were given a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a yield of 7.13%. The ex-dividend date was Monday, December 2nd. Copa’s dividend payout ratio (DPR) is 42.59%.

Institutional Investors Weigh In On Copa

Several large investors have recently modified their holdings of the company. Bell Investment Advisors Inc increased its holdings in shares of Copa by 29.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock valued at $59,000 after acquiring an additional 143 shares during the period. Point72 Hong Kong Ltd purchased a new position in Copa during the 3rd quarter worth $82,000. Rhumbline Advisers increased its stake in Copa by 69,000.0% in the second quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock valued at $132,000 after purchasing an additional 1,380 shares during the period. Optimist Retirement Group LLC acquired a new position in Copa in the third quarter valued at $240,000. Finally, Mackenzie Financial Corp raised its holdings in shares of Copa by 29.3% in the second quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock valued at $256,000 after buying an additional 610 shares during the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.

About Copa

(Get Free Report)

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 375 daily scheduled flights to 82 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2023, it operated a fleet of 106 aircraft comprising 76 Boeing 737-Next Generation aircraft, 29 Boeing 737 MAX 9 aircraft, and one Boeing 737-800 Boeing Converted Freighter.

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