Copa (NYSE:CPA) Downgraded by StockNews.com to “Hold”

Copa (NYSE:CPA) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Several other research firms have also recently issued reports on CPA. Evercore ISI decreased their price target on shares of Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. dropped their target price on Copa from $180.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Finally, TD Cowen decreased their price target on Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $148.83.

Copa Trading Up 0.1 %

Shares of CPA opened at $100.84 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.98 and a quick ratio of 0.89. Copa has a 1-year low of $78.12 and a 1-year high of $114.00. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 7.25, a price-to-earnings-growth ratio of 0.59 and a beta of 1.49. The firm has a 50 day simple moving average of $92.78 and a 200-day simple moving average of $95.09.

Copa (NYSE:CPA) last released its quarterly earnings results on Wednesday, August 7th. The transportation company reported $2.88 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.11. Copa had a return on equity of 30.81% and a net margin of 19.31%. The company had revenue of $819.40 million during the quarter, compared to the consensus estimate of $838.13 million. During the same quarter last year, the business posted $3.92 earnings per share. Copa’s revenue was up 1.3% compared to the same quarter last year. Equities analysts forecast that Copa will post 14.56 EPS for the current fiscal year.

Institutional Trading of Copa

A number of institutional investors and hedge funds have recently bought and sold shares of CPA. Oldfield Partners LLP lifted its holdings in shares of Copa by 6.9% during the 3rd quarter. Oldfield Partners LLP now owns 13,900 shares of the transportation company’s stock valued at $1,304,000 after acquiring an additional 900 shares in the last quarter. Carrhae Capital LLP purchased a new stake in shares of Copa in the third quarter worth about $52,166,000. Raymond James & Associates grew its stake in shares of Copa by 20.3% in the third quarter. Raymond James & Associates now owns 354,483 shares of the transportation company’s stock valued at $33,265,000 after buying an additional 59,773 shares in the last quarter. Legend Financial Advisors Inc. raised its holdings in shares of Copa by 14.9% during the 3rd quarter. Legend Financial Advisors Inc. now owns 7,286 shares of the transportation company’s stock valued at $684,000 after buying an additional 943 shares during the period. Finally, Marathon Asset Management Ltd lifted its position in Copa by 1.7% during the 3rd quarter. Marathon Asset Management Ltd now owns 514,679 shares of the transportation company’s stock worth $48,297,000 after acquiring an additional 8,524 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Company Profile

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.