5 Best Airline Stocks to Buy According to Analysts

4. Copa Holdings, S.A. (NYSE:CPA)

Average Analyst Price Target as of February 20: $159.00

Upside Potential as of February 20: 60.90%

Number of Hedge Fund Holders: 27

Panama City, Panama-based Copa Holdings, S.A. (NYSE:CPA) is a Latin American provider of airline passenger and cargo service through its two principal operating subsidiaries, Copa Airlines and Wingo. Copa Airlines operates from the Republic of Panama, and Wingo operates a low-cost business model within Colombia and various cities in the region.

On February 7, Copa Holdings, S.A. (NYSE:CPA) released its financial results for Q4 2023. Its revenue increased by 3% y-o-y to $917 million while net income increased by 117% y-o-y to $192 million. Its normalized EPS of $4.39 surpassed consensus estimates by $0.57.

The board of directors of Copa Holdings, S.A. (NYSE:CPA) also approved a quarterly dividend of $1.61 per share which translates to a dividend yield of 6.52% based on the share price on February 20.