Copa Holdings, S.A. (NYSE:CPA) Stock Has Consensus Target Price of $172.20 According to Brokerages

Shares of Copa Holdings, S.A. (NYSE:CPA) have received an average rating of “Buy” from the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $172.20.

Several analysts have commented on CPA shares. UBS Group lowered their price objective on shares of Copa from $195.00 to $185.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Wall Street Zen downgraded Copa from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Copa in a report on Wednesday, November 4th. Finally, Raymond James Financial decreased their target price on Copa from $195.00 to $185.00 and set a “strong-buy” rating for the company in a research report on Monday, August 24th.

Institutional Investors Weigh In On Copa

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPA. Elevation Wealth Partners LLC lifted its position in Copa by 240.8% during the second quarter. Elevation Wealth Partners LLC now owns 167 shares of the transportation company’s stock valued at $26,000 after buying an additional 118 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Copa in the 2nd quarter worth about $76,000. Triumph Capital Management grew its position in shares of Copa by 26.7% in the 2nd quarter. Triumph Capital Management now owns 570 shares of the transportation company’s stock worth $89,000 after buying an additional 120 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Copa during the third quarter valued at approximately $100,000. Finally, IFP Advisors Inc lifted its holdings in shares of Copa by 15.4% during the third quarter. IFP Advisors Inc now owns 959 shares of the transportation company’s stock valued at $126,000 after purchasing an additional 128 shares during the last quarter. 70.09% of the stock is owned by hedge funds and other institutional investors.

Copa Stock Performance

Shares of CPA stock opened at $143.09 on Tuesday. The stock has a fifty day moving average of $134.24 and a 200 day moving average of $133.72. Copa has a 52 week low of $107.44 and a 52 week high of $160.46. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 1.42 and a beta of 1.14. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 0.72.

Copa Company Profile

Copa Holdings, S.A. is a Panama-based airline holding company whose principal operations are conducted through Copa Airlines and its low-cost subsidiary, Wingo. Copa Airlines provides scheduled passenger service and cargo transportation, while Wingo offers lower-cost air travel, primarily in the Colombian market. From its hub at Tocumen International Airport in Panama City, Copa Airlines connects destinations across North, Central and South America and the Caribbean. The hub’s location supports connections between cities throughout the region.