Copa Holdings, S.A. (NYSE:CPA) Receives $148.83 Consensus Price Target from Analysts

Copa Holdings, S.A. (NYSE:CPA) has been assigned a consensus rating of “Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $148.83.

CPA has been the topic of a number of recent research reports. StockNews.com downgraded shares of Copa from a “buy” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. reduced their target price on shares of Copa from $180.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Evercore ISI reduced their target price on shares of Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, TD Cowen reduced their target price on shares of Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.

Copa Trading Down 1.2 %

Shares of Copa stock opened at $102.56 on Friday. The company’s fifty day simple moving average is $95.65 and its 200-day simple moving average is $94.97. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 6.28, a PEG ratio of 0.64 and a beta of 1.48. The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 0.56. Copa has a 1 year low of $80.01 and a 1 year high of $114.00.

Hedge Funds Weigh In On Copa

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPA. CWA Asset Management Group LLC acquired a new stake in shares of Copa during the third quarter worth $611,000. Silvercrest Asset Management Group LLC acquired a new stake in shares of Copa during the first quarter worth $1,005,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Copa by 219.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 49,566 shares of the transportation company’s stock worth $5,164,000 after buying an additional 34,027 shares in the last quarter. Aptus Capital Advisors LLC lifted its holdings in shares of Copa by 15.5% during the third quarter. Aptus Capital Advisors LLC now owns 37,742 shares of the transportation company’s stock worth $3,542,000 after buying an additional 5,054 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new position in Copa in the first quarter valued at about $3,207,000. 70.09% of the stock is owned by institutional investors.

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.