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

Copa (NYSE:CPA – Get Rating) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Several other equities research analysts have also recently issued reports on the company. HSBC boosted their price target on Copa from $117.00 to $143.00 in a research note on Wednesday, May 17th. Cowen boosted their price target on Copa from $98.00 to $117.00 in a research note on Friday, February 17th. Raymond James boosted their price target on Copa from $125.00 to $138.00 in a research note on Tuesday, May 16th. Finally, Barclays upped their target price on Copa from $120.00 to $150.00 in a research note on Friday, May 12th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $123.67.

Copa Trading Up 3.8 %

Shares of CPA stock opened at $106.91 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.83. The stock has a market cap of $4.21 billion, a P/E ratio of 9.51 and a beta of 1.31. The stock has a 50 day simple moving average of $93.06 and a 200 day simple moving average of $89.29. Copa has a 1 year low of $55.25 and a 1 year high of $107.96.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CPA. Goldman Sachs Group Inc. increased its holdings in shares of Copa by 559.6% during the second quarter. Goldman Sachs Group Inc. now owns 546,018 shares of the transportation company’s stock worth $34,601,000 after buying an additional 463,244 shares in the last quarter. FMR LLC boosted its stake in shares of Copa by 32.0% in the 1st quarter. FMR LLC now owns 1,663,395 shares of the transportation company’s stock valued at $153,615,000 after purchasing an additional 403,631 shares during the last quarter. Millennium Management LLC boosted its stake in Copa by 67.5% during the fourth quarter. Millennium Management LLC now owns 808,205 shares of the transportation company’s stock worth $67,218,000 after acquiring an additional 325,800 shares in the last quarter. Capital World Investors boosted its stake in Copa by 9.9% during the first quarter. Capital World Investors now owns 3,298,119 shares of the transportation company’s stock worth $275,855,000 after acquiring an additional 297,595 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its stake in Copa by 317.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 369,463 shares of the transportation company’s stock worth $30,728,000 after acquiring an additional 280,894 shares in the last quarter. 75.96% of the stock is currently owned by institutional investors and hedge funds.

About Copa

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Copa Holdings SA engages in the provision of air transportation. It operates through the following geographical segments: North America; South America; Central America; and Caribbean. The firm offers international flights to Costa Rica, Jamaica, Colombia, and other cities. The company was founded on May 6, 1998 and is headquartered in Panama.