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

StockNews.com lowered shares of Copa (NYSE:CPA - Free Report) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

A number of other equities analysts have also weighed in on the stock. TD Cowen dropped 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 Friday, August 9th. Deutsche Bank Aktiengesellschaft cut their price target on Copa from $145.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. lowered their price objective on Copa from $180.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, August 29th. Finally, Evercore ISI lowered their price target on 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. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $148.83.

Copa Stock Performance

Shares of CPA traded down $1.22 on Friday, reaching $102.56. The company's stock had a trading volume of 274,298 shares, compared to its average volume of 275,594. The stock's 50 day simple moving average is $95.65 and its two-hundred day simple moving average is $94.99. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.98 and a quick ratio of 0.89. The stock has a market capitalization of $4.04 billion, a P/E ratio of 6.28, a PEG ratio of 0.62 and a beta of 1.48. Copa has a 12-month low of $80.01 and a 12-month high of $114.00.

Institutional Investors Weigh In On Copa

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPA. CWA Asset Management Group LLC bought a new stake in Copa in the third quarter worth $611,000. Silvercrest Asset Management Group LLC bought a new position in Copa during the 1st quarter valued at about $1,005,000. Price T Rowe Associates Inc. MD grew its holdings in Copa by 219.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 49,566 shares of the transportation company's stock valued at $5,164,000 after purchasing an additional 34,027 shares during the last quarter. Aptus Capital Advisors LLC raised its position in Copa by 15.5% in the 3rd quarter. Aptus Capital Advisors LLC now owns 37,742 shares of the transportation company's stock worth $3,542,000 after purchasing an additional 5,054 shares during the period. Finally, State Board of Administration of Florida Retirement System bought a new stake in Copa in the first quarter worth about $3,207,000. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

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.