Copa Holdings, S.A. (CPA) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts broadly favor Copa: Twelve brokerages give the stock an average “Buy” rating, including one “Strong Buy”; the average one-year price target is $172.20.
• Raymond James and UBS both lowered their price targets from $195 to $185, while keeping “Strong Buy” and “Buy” ratings, respectively; Wall Street Zen downgraded the shares from “Buy” to “Hold.”
• Copa shares opened at $148.02, within a 52-week range of $107.44–$160.46. Institutional investors own about 70.1% of the stock.

Shares of Copa Holdings, S.A. (NYSE:CPA - Get Free Report) have earned an average rating of "Buy" from the twelve brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $172.20.

A number of research analysts recently commented on the stock. Raymond James Financial decreased their price target on shares of Copa from $195.00 to $185.00 and set a "strong-buy" rating on the stock in a research note on Monday, August 24th. Wall Street Zen cut shares of Copa from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Weiss Ratings restated a "buy (b)" rating on shares of Copa in a research report on Tuesday, August 11th. Finally, UBS Group cut their price objective on shares of Copa from $195.00 to $185.00 and set a "buy" rating for the company in a research report on Tuesday, August 11th.

Copa Stock Performance

Shares of CPA opened at $148.02 on Tuesday. Copa has a one year low of $107.44 and a one year high of $160.46. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.97. The company has a market cap of $6.09 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The firm has a 50-day moving average of $133.04 and a 200-day moving average of $133.53.

Institutional Investors Weigh In On Copa

A number of institutional investors have recently modified their holdings of CPA. Elevation Wealth Partners LLC grew its position in shares of Copa by 240.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 167 shares of the transportation company's stock worth $26,000 after purchasing an additional 118 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Copa in the second quarter valued at approximately $76,000. Triumph Capital Management raised its position in shares of Copa by 26.7% in the second quarter. Triumph Capital Management now owns 570 shares of the transportation company's stock valued at $89,000 after buying an additional 120 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Copa in the third quarter valued at approximately $100,000. Finally, IFP Advisors Inc boosted its stake in shares of Copa by 3,857.1% in the second quarter. IFP Advisors Inc now owns 831 shares of the transportation company's stock valued at $129,000 after buying an additional 810 shares during the period. Institutional investors own 70.09% of the company's stock.

About Copa

Copa Holdings, SA 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.

The company traces its roots to Compañía Panameña de Aviación, founded in 1947.

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