Copa (NYSE:CPA – Get Free Report) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.
Several other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Copa from $160.00 to $170.00 in a research note on Monday, September 18th. TheStreet upgraded Copa from a “c+” rating to a “b” rating in a research note on Monday, December 18th. Finally, Raymond James boosted their target price on Copa from $152.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Friday, November 17th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Copa currently has a consensus rating of “Buy” and a consensus price target of $142.14.
Copa Stock Performance
Shares of Copa stock opened at $105.97 on Tuesday. Copa has a one year low of $78.12 and a one year high of $121.20. The company has a market cap of $4.18 billion, a PE ratio of 10.13, a P/E/G ratio of 0.38 and a beta of 1.37. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.88 and a current ratio of 0.96. The business has a 50-day simple moving average of $92.03 and a 200-day simple moving average of $98.98.
Copa (NYSE:CPA – Get Free Report) last announced its quarterly earnings data on Thursday, November 16th. The transportation company reported $4.39 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.77. Copa had a return on equity of 39.91% and a net margin of 12.07%. The business had revenue of $867.71 million during the quarter, compared to the consensus estimate of $870.57 million. During the same period in the previous year, the company posted $2.91 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts forecast that Copa will post 15.26 EPS for the current fiscal year.
Institutional Investors Weigh In On Copa
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Wyoming purchased a new stake in shares of Copa during the fourth quarter worth approximately $32,000. Huntington National Bank grew its holdings in Copa by 54.6% during the second quarter. Huntington National Bank now owns 388 shares of the transportation company’s stock worth $43,000 after acquiring an additional 137 shares during the period. Advisory Services Network LLC grew its holdings in Copa by 1,560.7% during the first quarter. Advisory Services Network LLC now owns 465 shares of the transportation company’s stock worth $43,000 after acquiring an additional 437 shares during the period. Tucker Asset Management LLC grew its holdings in Copa by 126.7% during the second quarter. Tucker Asset Management LLC now owns 442 shares of the transportation company’s stock worth $49,000 after acquiring an additional 247 shares during the period. Finally, Captrust Financial Advisors grew its holdings in Copa by 136.8% during the first quarter. Captrust Financial Advisors now owns 689 shares of the transportation company’s stock worth $58,000 after acquiring an additional 398 shares during the period. Hedge funds and other institutional investors own 81.94% of the company’s stock.
Copa Company Profile
Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 327 daily scheduled flights to 78 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2022, it operated a fleet of 97 aircraft comprising 67 Boeing 737-800 Next Generation aircraft, 9 Boeing 737-700 Next Generation aircraft, 1 Boeing 737-800 Boeing Converted Freighter, and 20 737-MAX aircraft.