Copa (NYSE:CPA) Upgraded at StockNews.com

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

Other equities analysts have also recently issued reports about the company. Evercore ISI lowered their price target 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 research report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, TD Cowen dropped their price objective on shares of Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Copa has a consensus rating of “Buy” and a consensus price target of $148.83.

Copa Stock Performance

Shares of Copa stock traded down $1.28 during trading on Tuesday, hitting $92.56. 285,896 shares of the company’s stock traded hands, compared to its average volume of 274,120. Copa has a 1 year low of $78.12 and a 1 year high of $114.00. The business has a 50-day simple moving average of $89.44 and a 200-day simple moving average of $95.64. The stock has a market capitalization of $3.65 billion, a P/E ratio of 6.66, a PEG ratio of 0.57 and a beta of 1.48. 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 (NYSE:CPA) last announced its quarterly earnings results on Wednesday, August 7th. The transportation company reported $2.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.11. The firm had revenue of $819.40 million for the quarter, compared to the consensus estimate of $838.13 million. Copa had a net margin of 19.31% and a return on equity of 30.81%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.92 EPS. As a group, analysts forecast that Copa will post 14.53 EPS for the current year.

Institutional Trading of Copa

Several institutional investors have recently made changes to their positions in CPA. SG Americas Securities LLC purchased a new stake in Copa during the 1st quarter valued at approximately $4,878,000. Deltec Asset Management LLC increased its holdings in Copa by 38.9% in the 1st quarter. Deltec Asset Management LLC now owns 116,071 shares of the transportation company’s stock valued at $12,090,000 after acquiring an additional 32,526 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new stake in Copa in the 1st quarter worth $1,005,000. Quadrature Capital Ltd bought a new position in shares of Copa during the 4th quarter valued at about $1,083,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Copa by 219.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 49,566 shares of the transportation company’s stock valued at $5,164,000 after purchasing an additional 34,027 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 327 daily scheduled flights to 78 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2022, it operated a fleet of 97 aircraft comprising 67 Boeing 737-800 Next Generation aircraft, 9 Boeing 737-700 Next Generation aircraft, 1 Boeing 737-800 Boeing Converted Freighter, and 20 737-MAX aircraft.