Copa (NYSE:CPA) Raised to Buy at StockNews.com

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

Separately, UBS Group boosted their target price on Copa from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $153.29.

Copa Trading Down 0.1 %

Shares of CPA stock traded down $0.07 during trading hours on Friday, hitting $90.24. 337,349 shares of the company were exchanged, compared to its average volume of 307,359. The company has a 50 day simple moving average of $91.73 and a two-hundred day simple moving average of $92.29. The firm has a market cap of $3.79 billion, a P/E ratio of 5.97, a P/E/G ratio of 0.64 and a beta of 1.44. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 1.09. Copa has a fifty-two week low of $80.01 and a fifty-two week high of $114.00.

Copa (NYSE:CPA) last issued its earnings results on Wednesday, November 20th. The transportation company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.02. Copa had a net margin of 18.20% and a return on equity of 28.46%. The business had revenue of $854.71 million for the quarter, compared to analyst estimates of $864.90 million. During the same period in the prior year, the firm earned $4.39 earnings per share. Copa’s revenue was down 1.5% on a year-over-year basis. Equities analysts anticipate that Copa will post 14.44 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Bell Investment Advisors Inc raised its position in Copa by 29.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock valued at $59,000 after buying an additional 143 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Copa during the third quarter worth $82,000. Rhumbline Advisers boosted its position in Copa by 69,000.0% in 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. SG Americas Securities LLC grew its stake in Copa by 90.0% in the 4th quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company’s stock valued at $239,000 after purchasing an additional 1,288 shares during the period. Finally, Optimist Retirement Group LLC purchased a new stake in shares of Copa during the 3rd quarter valued at $240,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.

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.