Analysts Set Copa Holdings, S.A. (NYSE:CPA) PT at $159.40

Copa Holdings, S.A. (NYSE:CPA) has been given an average rating of “Buy” by the six brokerages that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $159.40.

A number of analysts have recently weighed in on the stock. Cowen reiterated a “buy” rating on shares of Copa in a report on Friday, August 8th. TD Cowen lifted their target price on shares of Copa from $144.00 to $147.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Wall Street Zen raised shares of Copa from a “hold” rating to a “buy” rating in a research note on Saturday, June 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 target price (up previously from $125.00) on shares of Copa in a research note on Monday, August 11th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Copa in a research note on Friday, August 8th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Signet Financial Management LLC raised its holdings in shares of Copa by 4.3% during the second quarter. Signet Financial Management LLC now owns 2,747 shares of the transportation company’s stock valued at $302,000 after purchasing an additional 112 shares during the last quarter. LPL Financial LLC increased its stake in shares of Copa by 4.3% in the fourth quarter. LPL Financial LLC now owns 3,204 shares of the transportation company’s stock worth $282,000 after purchasing an additional 132 shares in the last quarter. Bell Investment Advisors Inc increased its stake in shares of Copa by 19.6% in the first quarter. Bell Investment Advisors Inc now owns 841 shares of the transportation company’s stock worth $78,000 after purchasing an additional 138 shares in the last quarter. Range Financial Group LLC boosted its position in shares of Copa by 0.9% during the second quarter. Range Financial Group LLC now owns 16,795 shares of the transportation company’s stock worth $1,847,000 after acquiring an additional 143 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its position in shares of Copa by 1.1% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 16,060 shares of the transportation company’s stock worth $1,411,000 after acquiring an additional 169 shares during the last quarter. Institutional investors own 70.09% of the company’s stock.

Copa Stock Down 0.6%

Shares of NYSE CPA opened at $113.7760 on Friday. Copa has a one year low of $82.54 and a one year high of $121.63. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.04 and a quick ratio of 0.93. The business’s fifty day moving average price is $110.37 and its 200-day moving average price is $100.73. The stock has a market capitalization of $4.68 billion, a PE ratio of 7.40, a P/E/G ratio of 1.00 and a beta of 1.39.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, August 6th. The transportation company reported $3.61 EPS for the quarter, beating the consensus estimate of $3.25 by $0.36. The firm had revenue of $842.60 million during the quarter, compared to the consensus estimate of $833.12 million. Copa had a net margin of 18.36% and a return on equity of 26.22%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $2.88 EPS. On average, equities research analysts anticipate that Copa will post 15.48 EPS for the current year.

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.