UBS Group Boosts Copa (NYSE:CPA) Price Target to $180.00

Copa (NYSE:CPA) had its price objective hoisted by research analysts at UBS Group from $160.00 to $180.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. UBS Group’s price objective would indicate a potential upside of 103.16% from the stock’s previous close.

Separately, StockNews.com cut Copa from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Copa presently has a consensus rating of “Buy” and a consensus target price of $153.29.

Copa Trading Up 2.9 %

Shares of Copa stock opened at $88.60 on Tuesday. Copa has a 12-month low of $80.01 and a 12-month high of $114.00. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $92.93 and its 200-day moving average is $92.51. The stock has a market cap of $3.49 billion, a P/E ratio of 5.86, a P/E/G ratio of 0.72 and a beta of 1.44.

Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, November 20th. The transportation company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.02. Copa had a net margin of 18.20% and a return on equity of 28.46%. The firm had revenue of $854.71 million for the quarter, compared to analyst estimates of $864.90 million. During the same period in the prior year, the firm posted $4.39 earnings per share. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. Equities research analysts predict that Copa will post 14.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CPA. Bell Investment Advisors Inc grew its stake in shares of Copa by 29.6% in the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock valued at $59,000 after acquiring an additional 143 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Copa in the 3rd quarter valued at about $82,000. Rhumbline Advisers grew 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 in the last quarter. Optimist Retirement Group LLC bought a new position in shares of Copa during the third quarter worth approximately $240,000. Finally, Mackenzie Financial Corp raised its position in shares of Copa by 29.3% in the second 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. Institutional investors own 70.09% of the company’s stock.

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.