Copa (NYSE:CPA) Upgraded by StockNews.com to “Buy” Rating

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

Separately, UBS Group raised their target price on Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Seven 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, Copa currently has a consensus rating of “Buy” and an average target price of $153.29.

Copa Stock Performance

NYSE CPA traded down $0.07 on Friday, hitting $90.24. 337,349 shares of the stock traded hands, compared to its average volume of 307,359. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 1.09. The business’s fifty day moving average is $91.73 and its two-hundred day moving average is $92.29. Copa has a 12 month low of $80.01 and a 12 month high of $114.00. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 5.97, a PEG ratio of 0.64 and a beta of 1.44.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, November 20th. The transportation company reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.48 by $0.02. The company had revenue of $854.71 million for the quarter, compared to analysts’ expectations of $864.90 million. Copa had a net margin of 18.20% and a return on equity of 28.46%. During the same period in the prior year, the company posted $4.39 EPS. Copa’s revenue was down 1.5% compared to the same quarter last year. As a group, equities analysts anticipate that Copa will post 14.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Bell Investment Advisors Inc lifted its position in Copa by 29.6% during the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 143 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Copa during the 3rd quarter valued at $82,000. Rhumbline Advisers lifted its holdings in shares of Copa by 69,000.0% during the 2nd quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock worth $132,000 after acquiring an additional 1,380 shares during the last quarter. SG Americas Securities LLC grew its position in Copa by 90.0% in the fourth quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company’s stock worth $239,000 after acquiring an additional 1,288 shares in the last quarter. Finally, Optimist Retirement Group LLC bought a new position in Copa in the third 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.