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

StockNews.com downgraded shares of Copa (NYSE:CPA) from a buy rating to a hold rating in a report released on Friday morning.

A number of other analysts also recently issued reports on CPA. JPMorgan Chase & Co. reduced their price target 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. Deutsche Bank Aktiengesellschaft decreased their target price on Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. TD Cowen reduced their price objective on Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Evercore ISI lowered their target price on Copa from $165.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. One investment 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $148.83.

Copa Price Performance

Shares of NYSE:CPA traded down $0.10 during trading on Friday, hitting $97.79. 168,840 shares of the company’s stock were exchanged, compared to its average volume of 277,182. The business’s 50-day simple moving average is $94.48 and its 200 day simple moving average is $94.93. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 5.98, a PEG ratio of 0.60 and a beta of 1.48. Copa has a 52-week low of $80.01 and a 52-week high of $114.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.98 and a quick ratio of 0.89.

Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, August 7th. The transportation company reported $2.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.11. Copa had a net margin of 19.31% and a return on equity of 30.81%. The firm had revenue of $819.40 million for the quarter, compared to analysts’ expectations of $838.13 million. During the same quarter last year, the business posted $3.92 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities analysts predict that Copa will post 14.62 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Hexagon Capital Partners LLC boosted its holdings in Copa by 14.9% during the 2nd 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 period. Rhumbline Advisers grew its holdings in shares of Copa by 69,000.0% in the second 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. Kingsview Wealth Management LLC purchased a new position in Copa in the 1st quarter worth about $215,000. Mackenzie Financial Corp lifted its holdings in Copa by 29.3% during the 2nd quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock valued at $256,000 after buying an additional 610 shares in the last quarter. Finally, Qsemble Capital Management LP purchased a new position in shares of Copa during the second quarter worth approximately $268,000. 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.