Copa (NYSE:CPA) Downgraded to “Hold” Rating by StockNews.com

Copa (NYSE:CPA) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Several other equities analysts also recently commented on CPA. Evercore ISI lowered their target price on shares of Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. 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 report on Thursday, August 29th. TD Cowen lowered their target price on shares of Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Copa has an average rating of “Buy” and an average target price of $148.83.

Copa Stock Performance

CPA opened at $102.56 on Friday. The firm has a market cap 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 1-year low of $80.01 and a 1-year high of $114.00. The company has a 50 day simple moving average of $95.65 and a two-hundred day simple moving average of $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.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bell Investment Advisors Inc increased its position in shares of Copa by 29.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock worth $59,000 after purchasing an additional 143 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Copa during the 3rd quarter worth about $82,000. Hexagon Capital Partners LLC increased its position in shares of Copa by 14.9% during the 2nd quarter. Hexagon Capital Partners LLC now owns 892 shares of the transportation company’s stock worth $85,000 after purchasing an additional 116 shares during the last quarter. Rhumbline Advisers increased its position in shares of Copa by 69,000.0% during the 2nd quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock worth $132,000 after purchasing an additional 1,380 shares during the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of Copa during the 1st quarter worth about $215,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.

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.