Copa (NYSE:CPA) Price Target Raised to $180.00 at UBS Group

Copa (NYSE:CPA) had its price target increased by investment analysts at UBS Group from $160.00 to $180.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. UBS Group’s price objective would suggest a potential upside of 103.16% from the stock’s current price.

Separately, StockNews.com cut shares of Copa from a “buy” rating to a “hold” rating in a report on Monday, November 25th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $153.29.

Copa Trading Up 2.9 %

Shares of Copa stock opened at $88.60 on Tuesday. The firm’s 50-day moving average price is $92.93 and its two-hundred day moving average price is $92.51. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 5.86, a PEG ratio of 0.72 and a beta of 1.44. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. Copa has a 12-month low of $80.01 and a 12-month high of $114.00.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, November 20th. The transportation company reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.48 by $0.02. Copa had a net margin of 18.20% and a return on equity of 28.46%. The business had revenue of $854.71 million for the quarter, compared to analysts’ expectations of $864.90 million. During the same period last year, the firm posted $4.39 earnings per share. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, analysts forecast that Copa will post 14.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Copa

Several institutional investors and hedge funds have recently added to or reduced their stakes in CPA. Bell Investment Advisors Inc grew its stake in shares of Copa by 29.6% in the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock worth $59,000 after purchasing an additional 143 shares during the last quarter. Carson Advisory Inc. increased its stake in shares of Copa by 9.1% in the second quarter. Carson Advisory Inc. now owns 3,696 shares of the transportation company’s stock valued at $352,000 after buying an additional 308 shares during the period. Quantinno Capital Management LP raised its position in shares of Copa by 10.3% during the third quarter. Quantinno Capital Management LP now owns 5,219 shares of the transportation company’s stock worth $490,000 after acquiring an additional 488 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Copa by 15.1% in the second quarter. Bank of New York Mellon Corp now owns 4,336 shares of the transportation company’s stock worth $413,000 after acquiring an additional 569 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in Copa by 29.3% in the second quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock valued at $256,000 after acquiring an additional 610 shares during the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.

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.