Raymond James Raises Copa (NYSE:CPA) Price Target to $125.00

Copa (NYSE:CPAGet Rating) had its price objective increased by Raymond James from $117.00 to $125.00 in a report released on Monday morning, Benzinga reports. They currently have a strong-buy rating on the transportation company’s stock.

Several other equities analysts have also recently commented on CPA. StockNews.com cut shares of Copa from a buy rating to a hold rating in a research report on Friday, November 11th. Citigroup boosted their target price on shares of Copa from $110.00 to $130.00 and gave the company a buy rating in a research report on Monday. UBS Group upgraded shares of Copa from a neutral rating to a buy rating and upped their price objective for the stock from $79.00 to $120.00 in a research report on Thursday, October 27th. Barclays upped their price objective on shares of Copa from $85.00 to $90.00 and gave the stock an overweight rating in a research report on Friday, August 5th. Finally, TheStreet upgraded shares of Copa from a c+ rating to a b rating in a research report on Wednesday, November 9th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Buy and an average target price of $108.25.

Copa Price Performance

Shares of NYSE:CPA opened at $86.45 on Monday. The firm has a 50 day moving average of $74.18 and a 200-day moving average of $70.11. The stock has a market capitalization of $3.62 billion, a PE ratio of 9.50 and a beta of 1.29. The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of 0.95. Copa has a 12 month low of $55.25 and a 12 month high of $97.63.

Institutional Investors Weigh In On Copa

A number of institutional investors have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. grew its holdings in Copa by 16.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,083 shares of the transportation company’s stock worth $92,000 after acquiring an additional 151 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Copa by 1.6% in the 1st quarter. Treasurer of the State of North Carolina now owns 11,610 shares of the transportation company’s stock valued at $971,000 after purchasing an additional 185 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Copa by 0.9% in the 1st quarter. New York State Common Retirement Fund now owns 30,133 shares of the transportation company’s stock valued at $2,520,000 after purchasing an additional 283 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Copa by 16.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 2,192 shares of the transportation company’s stock valued at $139,000 after purchasing an additional 310 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of Copa by 136.8% in the 1st quarter. Captrust Financial Advisors now owns 689 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 398 shares during the last quarter. 76.92% of the stock is owned by institutional investors.

About Copa

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Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 204 daily scheduled flights to 69 destinations in 29 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2021, it operated a fleet of 91 aircraft comprising 77 Boeing 737-Next Generation aircraft and 14 Boeing 737 MAX 9 aircraft.

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Analyst Recommendations for Copa (NYSE:CPA)

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