Brokerages Set Copa Holdings, S.A. (NYSE:CPA) Target Price at $159.40

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 assigned an average rating of "Buy" from the six brokerages that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $159.40.

Several research firms have recently weighed in on CPA. TD Cowen boosted their price target on Copa from $144.00 to $147.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Wall Street Zen upgraded Copa from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Raymond James Financial restated a "strong-buy" rating on shares of Copa in a report on Friday, August 8th. Morgan Stanley reissued an "overweight" rating and set a $145.00 target price (up previously from $125.00) on shares of Copa in a research report on Monday, August 11th. Finally, Cowen reissued a "buy" rating on shares of Copa in a research report on Friday, August 8th.

Hedge Funds Weigh In On Copa

Large investors have recently modified their holdings of the company. Fifth Third Bancorp bought a new position in shares of Copa in the 2nd quarter worth $25,000. Montag A & Associates Inc. bought a new position in shares of Copa in the 1st quarter worth $30,000. Bayforest Capital Ltd bought a new position in shares of Copa in the 1st quarter worth $36,000. US Bancorp DE lifted its holdings in shares of Copa by 378.1% in the 1st quarter. US Bancorp DE now owns 502 shares of the transportation company's stock worth $46,000 after purchasing an additional 397 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Copa in the 1st quarter worth $50,000. 70.09% of the stock is currently owned by institutional investors.

Copa Price Performance

NYSE CPA traded down $1.5580 during trading on Friday, hitting $114.8820. 400,819 shares of the company's stock were exchanged, compared to its average volume of 327,011. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. The company has a market cap of $4.73 billion, a PE ratio of 7.47, a P/E/G ratio of 1.03 and a beta of 1.39. Copa has a fifty-two week low of $82.54 and a fifty-two week high of $121.63. The stock's 50 day moving average price is $109.92 and its two-hundred day moving average price is $100.37.

Copa (NYSE:CPA - Get Free Report) last issued its earnings results on Wednesday, August 6th. The transportation company reported $3.61 EPS for the quarter, topping the consensus estimate of $3.25 by $0.36. The firm had revenue of $842.60 million during the quarter, compared to the consensus estimate of $833.12 million. Copa had a return on equity of 26.22% and a net margin of 18.36%.The business's quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.88 earnings per share. Research analysts expect that Copa will post 15.48 EPS for the current 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.