Copa Holdings, S.A. (NYSE:CPA) Receives Consensus Rating of "Buy" from Brokerages

Shares of Copa Holdings, S.A. (NYSE:CPA - Get Free Report) have received an average recommendation of "Buy" from the six ratings firms that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $148.83.

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Copa from $180.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, August 29th. StockNews.com downgraded Copa from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft lowered 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. Evercore ISI decreased their price objective on Copa from $165.00 to $150.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. Finally, TD Cowen cut their target price on Copa from $145.00 to $130.00 and set a "buy" rating on the stock in a research report on Friday, August 9th.

Hedge Funds Weigh In On Copa

Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its stake in shares of Copa by 72.9% during the first quarter. Russell Investments Group Ltd. now owns 11,141 shares of the transportation company's stock valued at $1,160,000 after buying an additional 4,696 shares during the period. State Board of Administration of Florida Retirement System bought a new stake in Copa in the first quarter valued at $3,207,000. Kingsview Wealth Management LLC bought a new position in shares of Copa in the first quarter worth $215,000. Seven Eight Capital LP increased its position in shares of Copa by 49.0% during the 1st quarter. Seven Eight Capital LP now owns 12,238 shares of the transportation company's stock valued at $1,275,000 after purchasing an additional 4,025 shares during the period. Finally, Capital World Investors increased its holdings in shares of Copa by 3.7% in the first quarter. Capital World Investors now owns 4,068,558 shares of the transportation company's stock valued at $423,781,000 after buying an additional 144,806 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company's stock.

Copa Trading Down 1.2 %

Shares of NYSE CPA traded down $1.22 during mid-day trading on Friday, hitting $102.56. The stock had a trading volume of 273,298 shares, compared to its average volume of 275,590. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.89 and a current ratio of 0.98. The business has a 50 day moving average price of $95.37 and a two-hundred day moving average price of $94.96. The firm has a market cap of $4.04 billion, a P/E ratio of 6.34, a price-to-earnings-growth ratio of 0.62 and a beta of 1.48. Copa has a 1 year low of $80.01 and a 1 year high of $114.00.

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.