Copa Holdings, S.A. (NYSE:CPA) Given Average Recommendation of “Buy” by Analysts

Shares of Copa Holdings, S.A. (NYSE:CPA) have been assigned a consensus rating of “Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $148.83.

A number of research firms have recently commented on CPA. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Evercore ISI cut 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. 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 note on Friday, August 9th. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, 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.

Hedge Funds Weigh In On Copa

Several large investors have recently modified their holdings of the stock. Bell Investment Advisors Inc grew its stake in Copa by 29.6% during the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock worth $59,000 after buying an additional 143 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Copa during the 3rd quarter worth approximately $82,000. Hexagon Capital Partners LLC increased its stake in Copa by 14.9% in the second quarter. Hexagon Capital Partners LLC now owns 892 shares of the transportation company’s stock valued at $85,000 after acquiring an additional 116 shares during the last quarter. Rhumbline Advisers raised its position in Copa by 69,000.0% during the second quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock valued at $132,000 after purchasing an additional 1,380 shares in the last quarter. Finally, Kingsview Wealth Management LLC bought a new stake in Copa during the first quarter worth $215,000. 70.09% of the stock is owned by institutional investors.

Copa Price Performance

CPA stock opened at $103.63 on Friday. The stock has a 50-day moving average price of $95.37 and a two-hundred day moving average price of $94.96. Copa has a 1 year low of $80.01 and a 1 year high of $114.00. The stock has a market cap of $4.08 billion, a PE ratio of 6.34, a price-to-earnings-growth ratio of 0.61 and a beta of 1.48. The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 0.56.

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.