Copa (NYSE:CPA) Rating Lowered to “Hold” at StockNews.com

Copa (NYSE:CPA) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Separately, UBS Group lifted their price objective on Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $153.29.

Copa Stock Up 0.7 %

Shares of CPA opened at $90.82 on Wednesday. The company has a market capitalization of $3.82 billion, a PE ratio of 6.01, a PEG ratio of 0.69 and a beta of 1.44. Copa has a 12 month low of $80.01 and a 12 month high of $114.00. The stock’s 50-day moving average price is $89.88 and its two-hundred day moving average price is $92.16. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.56.

Copa (NYSE:CPA) last announced its earnings results on Wednesday, November 20th. The transportation company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.48 by $0.02. The firm had revenue of $854.71 million for the quarter, compared to the consensus estimate of $864.90 million. Copa had a return on equity of 28.46% and a net margin of 18.20%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $4.39 EPS. On average, analysts anticipate that Copa will post 14.44 EPS for the current year.

Institutional Trading of Copa

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPA. Bell Investment Advisors Inc increased its position in Copa by 29.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock valued at $59,000 after buying 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. SG Americas Securities LLC increased its position in Copa by 90.0% in the 4th quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company’s stock valued at $239,000 after buying an additional 1,288 shares in the last quarter. Optimist Retirement Group LLC bought a new stake in Copa during the 3rd quarter worth approximately $240,000. Finally, Hyperion Capital Advisors LP bought a new stake in Copa during the 3rd quarter worth approximately $282,000. 70.09% of the stock is owned by institutional investors.

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.