Copa (NYSE:CPA) Upgraded at StockNews.com

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

Separately, Cowen reaffirmed 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 given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $153.29.

Copa Stock Down 2.3 %

NYSE:CPA opened at $98.41 on Friday. The company has a market cap of $4.14 billion, a PE 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 has a twelve month low of $80.01 and a twelve month high of $114.00. The company’s 50 day moving average is $91.69 and its two-hundred day moving average is $92.55.

Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, May 7th. The transportation company reported $4.28 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.51. The business had revenue of $899.18 million for the quarter, compared to the consensus estimate of $888.82 million. Copa had a return on equity of 26.70% and a net margin of 17.67%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.19 EPS. Analysts anticipate that Copa will post 15.48 EPS for the current year.

Institutional Trading of Copa

Several institutional investors have recently bought and sold shares of the business. LPL Financial LLC raised its stake in shares of Copa by 4.3% during the 4th quarter. LPL Financial LLC now owns 3,204 shares of the transportation company’s stock worth $282,000 after buying an additional 132 shares during the period. Carolina Wealth Advisors LLC lifted its holdings in Copa by 2.7% during the fourth quarter. Carolina Wealth Advisors LLC now owns 6,408 shares of the transportation company’s stock valued at $563,000 after purchasing an additional 166 shares in the last quarter. Silvercrest Asset Management Group LLC grew its position in shares of Copa by 1.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 16,060 shares of the transportation company’s stock valued at $1,411,000 after purchasing an additional 169 shares during the period. Privium Fund Management UK Ltd increased its stake in shares of Copa by 2.6% during the fourth quarter. Privium Fund Management UK Ltd now owns 7,114 shares of the transportation company’s stock worth $624,000 after purchasing an additional 178 shares in the last quarter. Finally, Everstar Asset Management LLC raised its position in shares of Copa by 5.3% during the 4th quarter. Everstar Asset Management LLC now owns 5,653 shares of the transportation company’s stock worth $497,000 after purchasing an additional 282 shares during the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.

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.