Copa (NYSE:CPA) Stock Rating Upgraded by StockNews.com

Copa (NYSE:CPA) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Other research analysts also recently issued research reports about the stock. TD Cowen reduced their price target on shares of Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Evercore ISI dropped their price objective on Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. decreased their target price on Copa from $180.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $148.83.

Copa Stock Up 0.3 %

Shares of CPA opened at $97.64 on Thursday. 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 52-week low of $80.01 and a 52-week high of $114.00. The company has a market cap of $3.85 billion, a PE ratio of 5.98, a P/E/G ratio of 0.62 and a beta of 1.49. The business has a fifty day moving average of $93.85 and a 200 day moving average of $95.01.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, August 7th. The transportation company reported $2.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.11. Copa had a net margin of 19.31% and a return on equity of 30.81%. The business 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 firm earned $3.92 earnings per share. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, sell-side analysts expect that Copa will post 14.62 EPS for the current year.

Hedge Funds Weigh In On Copa

Several institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets increased its holdings in Copa by 333.2% in the 1st quarter. BNP Paribas Financial Markets now owns 23,084 shares of the transportation company’s stock worth $2,404,000 after acquiring an additional 17,755 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Copa during the first quarter worth about $300,000. Coronation Fund Managers Ltd. raised its position in shares of Copa by 11.3% during the 1st quarter. Coronation Fund Managers Ltd. now owns 2,763 shares of the transportation company’s stock worth $288,000 after purchasing an additional 280 shares during the last quarter. Carson Advisory Inc. purchased a new position in Copa in the 1st quarter valued at about $353,000. Finally, SPC Financial Inc. increased its stake in Copa by 1.1% during the 1st quarter. SPC Financial Inc. now owns 11,845 shares of the transportation company’s stock worth $1,234,000 after buying an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 70.09% of the company’s stock.

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.