Copa (NYSE:CPA) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Copa (NYSE:CPA) from a buy rating to a hold rating in a report published on Saturday.

Several other equities research analysts also recently commented on the company. Evercore ISI dropped their target price on Copa from $165.00 to $150.00 and set an “outperform” 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 on the stock in a report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft dropped their target price on Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, TD Cowen dropped their target price on Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $148.83.

Copa Trading Up 0.3 %

NYSE CPA opened at $102.89 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.98 and a debt-to-equity ratio of 0.56. Copa has a twelve month low of $80.01 and a twelve month high of $114.00. The firm has a market capitalization of $4.06 billion, a PE ratio of 6.30, a P/E/G ratio of 0.64 and a beta of 1.48. The stock’s 50 day moving average is $96.00 and its 200 day moving average is $94.99.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. TT International Asset Management LTD purchased a new stake in Copa during the third quarter valued at $4,723,000. Barclays PLC increased its position in Copa by 44.2% during the third quarter. Barclays PLC now owns 24,721 shares of the transportation company’s stock valued at $2,319,000 after acquiring an additional 7,576 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Copa during the third quarter valued at $9,764,000. Two Sigma Advisers LP increased its position in Copa by 250.1% during the third quarter. Two Sigma Advisers LP now owns 128,505 shares of the transportation company’s stock valued at $12,059,000 after acquiring an additional 91,805 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in Copa by 10.3% during the third quarter. Quantinno Capital Management LP now owns 5,219 shares of the transportation company’s stock valued at $490,000 after acquiring an additional 488 shares during the last quarter. 70.09% of the stock is owned by institutional investors.

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.