Copa (CPA) to Release Quarterly Earnings on Wednesday

Copa (NYSE:CPA - Get Free Report) will be announcing its earnings results after the market closes on Wednesday, November 20th. Analysts expect the company to announce earnings of $3.44 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Copa Stock Performance

NYSE CPA traded up $1.54 on Wednesday, reaching $100.13. 151,897 shares of the company's stock traded hands, compared to its average volume of 275,485. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 6.13, a P/E/G ratio of 0.61 and a beta of 1.48. The stock has a 50 day moving average price of $95.09 and a 200-day moving average price of $94.90. Copa has a fifty-two week low of $80.01 and a fifty-two week high of $114.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.89 and a current ratio of 0.98.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CPA shares. TD Cowen 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 report on Friday, August 9th. JPMorgan Chase & Co. decreased their price objective on shares of Copa from $180.00 to $175.00 and set an "overweight" rating for the company in a research report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Evercore ISI decreased their price objective on shares of Copa from $165.00 to $150.00 and set an "outperform" rating for the company in a research report on Thursday, August 8th. Finally, StockNews.com downgraded shares of Copa from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $148.83.

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.