Copa (NYSE:CPA) Lowered to Hold Rating by StockNews.com

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

A number of other equities analysts also recently weighed in on CPA. Deutsche Bank Aktiengesellschaft decreased their target price 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. TD Cowen cut their price target 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. JPMorgan Chase & Co. cut their price target on shares of Copa from $180.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Finally, Evercore ISI cut their price target on shares of Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $148.83.

Copa Trading Up 1.0 %

CPA stock traded up $0.93 during trading on Monday, reaching $94.30. The company had a trading volume of 690,179 shares, compared to its average volume of 287,580. Copa has a 52 week low of $80.01 and a 52 week high of $114.00. The company has a market cap of $3.72 billion, a P/E ratio of 6.24, a PEG ratio of 0.73 and a beta of 1.48. The business has a 50 day moving average of $97.07 and a 200 day moving average of $94.88. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.98 and a quick ratio of 0.89.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Optimist Retirement Group LLC acquired a new position in Copa during the 3rd quarter valued at approximately $240,000. TT International Asset Management LTD acquired a new position in Copa during the 3rd quarter valued at approximately $4,723,000. Barclays PLC increased its stake in Copa by 44.2% during the 3rd quarter. Barclays PLC now owns 24,721 shares of the transportation company’s stock valued at $2,319,000 after purchasing an additional 7,576 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Copa during the 3rd quarter valued at approximately $9,764,000. Finally, Two Sigma Advisers LP increased its stake in Copa by 250.1% during the 3rd quarter. Two Sigma Advisers LP now owns 128,505 shares of the transportation company’s stock valued at $12,059,000 after purchasing an additional 91,805 shares in the last quarter. 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.