Copa (NYSE:CPA) Raised to Buy at Wall Street Zen

Copa (NYSE:CPA - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

Separately, Cowen restated a "buy" rating on shares of Copa in a report on Wednesday, May 14th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Copa currently has an average rating of "Buy" and a consensus price target of $153.00.

Copa Price Performance

CPA stock opened at $103.62 on Friday. Copa has a 1 year low of $80.01 and a 1 year high of $110.73. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10. The stock's 50 day moving average price is $98.10 and its 200 day moving average price is $93.75. The firm has a market cap of $4.27 billion, a P/E ratio of 7.12, a PEG ratio of 0.87 and a beta of 1.33.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The transportation company reported $4.28 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.51. The company had revenue of $899.18 million during the quarter, compared to the consensus estimate of $888.82 million. Copa had a return on equity of 26.70% and a net margin of 17.67%. Copa's revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $4.19 EPS. On average, sell-side analysts expect that Copa will post 15.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Copa

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Montag A & Associates Inc. purchased a new position in Copa in the 1st quarter valued at about $30,000. Bayforest Capital Ltd purchased a new position in Copa in the 1st quarter valued at about $36,000. US Bancorp DE lifted its position in shares of Copa by 378.1% during the first quarter. US Bancorp DE now owns 502 shares of the transportation company's stock worth $46,000 after purchasing an additional 397 shares during the last quarter. Quarry LP bought a new position in shares of Copa during the first quarter worth about $50,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Copa by 8,175.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 662 shares of the transportation company's stock worth $61,000 after purchasing an additional 654 shares during the last quarter. 70.09% of the stock is owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.