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

Copa (NYSE:CPA) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

Separately, Cowen reissued a “buy” rating on shares of Copa in a research report on Tuesday, February 18th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $153.29.

Copa Price Performance

NYSE:CPA opened at $98.41 on Friday. The business’s 50-day moving average is $91.69 and its 200 day moving average is $92.55. Copa has a 12 month low of $80.01 and a 12 month high of $114.00. The company has a market capitalization of $4.14 billion, a P/E ratio of 6.76, a P/E/G ratio of 0.87 and a beta of 1.26. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60.

Copa (NYSE:CPA) last posted its earnings results on Wednesday, May 7th. The transportation company reported $4.28 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.51. Copa had a net margin of 17.67% and a return on equity of 26.70%. The firm had revenue of $899.18 million during the quarter, compared to analyst estimates of $888.82 million. During the same period last year, the firm posted $4.19 earnings per share. Copa’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities research analysts forecast that Copa will post 15.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Copa

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Montag A & Associates Inc. bought a new position in Copa during the 1st quarter worth about $30,000. Bayforest Capital Ltd bought a new position in shares of Copa in the 1st quarter worth $36,000. US Bancorp DE boosted its position in Copa by 378.1% during the first quarter. US Bancorp DE now owns 502 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 397 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Copa by 147.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company’s stock valued at $87,000 after purchasing an additional 591 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in Copa by 2,813.9% in the first quarter. SBI Securities Co. Ltd. now owns 1,049 shares of the transportation company’s stock worth $97,000 after purchasing an additional 1,013 shares in the last quarter. 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.