Shares of Copa Holdings (NYSE:CPA) have earned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $143.00.
A number of equities analysts have commented on CPA shares. JPMorgan Chase boosted their price objective on Copa from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, March 19th. Buckingham Research reaffirmed a “buy” rating and set a $165.00 price target (up previously from $163.00) on shares of Copa in a research note on Thursday, February 22nd. Zacks Investment Research raised Copa from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a research note on Tuesday, January 9th. Cowen reaffirmed a “market perform” rating and set a $140.00 price target (up previously from $137.00) on shares of Copa in a research note on Friday, February 23rd. Finally, Bank of America started coverage on Copa in a research note on Friday, January 12th. They set a “buy” rating on the stock.
NYSE:CPA traded up $1.12 during trading hours on Friday, reaching $128.63. The company had a trading volume of 331,056 shares, compared to its average volume of 177,030. Copa has a one year low of $107.90 and a one year high of $141.34. The stock has a market capitalization of $5,418.28, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 0.82 and a beta of 1.80. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.13 and a quick ratio of 1.06.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Monday, March 5th were issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Friday, March 2nd. This is an increase from Copa’s previous quarterly dividend of $0.75. Copa’s dividend payout ratio is currently 40.18%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bamco Inc. NY increased its holdings in Copa by 11.1% in the third quarter. Bamco Inc. NY now owns 569,642 shares of the transportation company’s stock valued at $70,938,000 after purchasing an additional 56,862 shares during the last quarter. Impala Asset Management LLC increased its holdings in Copa by 16.8% in the fourth quarter. Impala Asset Management LLC now owns 12,400 shares of the transportation company’s stock valued at $1,662,000 after purchasing an additional 1,786 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Copa by 76.5% in the third quarter. Ameriprise Financial Inc. now owns 55,461 shares of the transportation company’s stock valued at $6,907,000 after purchasing an additional 24,041 shares during the last quarter. Employees Retirement System of Texas increased its holdings in Copa by 11.2% in the fourth quarter. Employees Retirement System of Texas now owns 99,000 shares of the transportation company’s stock valued at $13,272,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Baltimore Capital Management Inc. bought a new stake in Copa in the third quarter valued at about $641,000. Institutional investors and hedge funds own 64.87% of the company’s stock.
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Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services in Panama and internationally. The company offers flights to 75 destinations in 31 countries in North, Central, and South America, as well as the Caribbean. As of February, 22, 2018, it operated a fleet of 101 aircraft comprising 81 Boeing 737NG aircraft and 20 Embraer-190s aircraft.
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