Copa Holdings, S.A. (NYSE:CPA) Receives $148.83 Average Price Target from Analysts

Shares of Copa Holdings, S.A. (NYSE:CPA) have been assigned a consensus rating of “Buy” from the six analysts that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $148.83.

A number of research firms recently commented on CPA. JPMorgan Chase & Co. dropped their price target on Copa from $180.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft lowered their target price on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. TD Cowen lowered their target price on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Evercore ISI lowered their target price on Copa from $165.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th.

Copa Stock Down 1.2 %

CPA stock opened at $102.56 on Friday. The company has a market cap of $4.04 billion, a PE ratio of 6.28, a price-to-earnings-growth ratio of 0.64 and a beta of 1.48. The business has a 50-day simple moving average of $95.65 and a 200 day simple moving average of $94.97. Copa has a 52 week low of $80.01 and a 52 week high of $114.00. The company has a quick ratio of 0.89, a current ratio of 0.98 and a debt-to-equity ratio of 0.56.

Institutional Trading of Copa

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bell Investment Advisors Inc grew its holdings in shares of Copa by 29.6% during the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock worth $59,000 after purchasing an additional 143 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Copa during the third quarter worth about $82,000. Hexagon Capital Partners LLC grew its holdings in shares of Copa by 14.9% during the second quarter. Hexagon Capital Partners LLC now owns 892 shares of the transportation company’s stock worth $85,000 after purchasing an additional 116 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Copa by 69,000.0% during the second quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock worth $132,000 after purchasing an additional 1,380 shares during the last quarter. Finally, Kingsview Wealth Management LLC bought a new stake in shares of Copa during the first quarter worth about $215,000. 70.09% of the stock is currently owned by institutional investors.

About Copa

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.