Copa Holdings, S.A. (NYSE:CPA) Receives Average Recommendation of "Buy" from Analysts

Key Points

• Copa Holdings, S.A. has received a consensus rating of "Buy" from six research firms, with five issuing buy ratings and one a strong buy rating.
• The average twelve-month price target for Copa's stock is $159.40, indicating potential growth from its current trading levels.
• Copa's latest quarterly earnings report showed earnings per share of $3.61, exceeding analyst expectations of $3.25, alongside revenue of $842.60 million.

Shares of Copa Holdings, S.A. (NYSE:CPA - Get Free Report) have been given an average rating of "Buy" by the six analysts that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $159.40.

CPA has been the subject of a number of research reports. Wall Street Zen raised Copa from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Morgan Stanley reissued an "overweight" rating and set a $145.00 target price (up from $125.00) on shares of Copa in a research note on Monday, August 11th. Cowen reissued a "buy" rating on shares of Copa in a research note on Friday, August 8th. TD Cowen raised their price target on shares of Copa from $144.00 to $147.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Copa in a research note on Friday, August 8th.

Hedge Funds Weigh In On Copa

Hedge funds have recently made changes to their positions in the business. Northern Trust Corp grew its stake in shares of Copa by 19.7% during the 4th quarter. Northern Trust Corp now owns 20,850 shares of the transportation company's stock worth $1,832,000 after acquiring an additional 3,433 shares in the last quarter. Range Financial Group LLC grew its stake in shares of Copa by 34.8% in the first quarter. Range Financial Group LLC now owns 16,652 shares of the transportation company's stock valued at $1,540,000 after buying an additional 4,297 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Copa by 32.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 19,647 shares of the transportation company's stock valued at $1,817,000 after buying an additional 4,767 shares in the last quarter. Trek Financial LLC bought a new position in shares of Copa in the first quarter valued at $5,216,000. Finally, Total Wealth Planning & Management Inc. bought a new position in shares of Copa in the fourth quarter valued at $244,000. 70.09% of the stock is owned by institutional investors.

Copa Trading Down 0.6%

Shares of NYSE:CPA traded down $0.6940 during mid-day trading on Friday, reaching $113.7760. The stock had a trading volume of 284,260 shares, compared to its average volume of 373,792. The firm has a market cap of $4.68 billion, a PE ratio of 7.40, a price-to-earnings-growth ratio of 1.00 and a beta of 1.39. The firm has a 50 day simple moving average of $110.37 and a two-hundred day simple moving average of $100.73. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. Copa has a twelve month low of $82.54 and a twelve month high of $121.63.

Copa (NYSE:CPA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The transportation company reported $3.61 earnings per share for the quarter, beating analysts' consensus estimates of $3.25 by $0.36. The business had revenue of $842.60 million for 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%. Copa's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the company posted $2.88 EPS. On average, research analysts predict that Copa will post 15.48 EPS for the current fiscal year.

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.