Copa's (CPA) "Buy (B)" Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "Buy" rating for Copa (CPA), indicating confidence in the company's stock performance.
• Copa's recent earnings report showed $3.61 earnings per share, exceeding analyst estimates and marking a 2.8% year-over-year revenue increase.
• Multiple brokerages have adjusted their ratings and price targets, with the consensus price target for Copa now standing at $155.33.

Copa (NYSE:CPA - Get Free Report)'s stock had its "buy (b)" rating reiterated by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other brokerages have also recently weighed in on CPA. Citigroup dropped their price target on Copa from $159.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Morgan Stanley reaffirmed an "overweight" rating and set a $145.00 target price (up previously from $125.00) on shares of Copa in a research note on Monday, August 11th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Copa in a research note on Friday, August 8th. TD Cowen lifted their target price on Copa from $144.00 to $147.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Wall Street Zen raised Copa from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $155.33.

Copa Trading Up 3.5%

CPA traded up $4.18 during trading on Wednesday, reaching $124.73. The company had a trading volume of 219,216 shares, compared to its average volume of 246,831. The firm's 50-day simple moving average is $117.14 and its 200 day simple moving average is $106.46. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 1.05 and a beta of 1.30. Copa has a 12-month low of $82.54 and a 12-month high of $124.81. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.04.

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

Institutional Investors Weigh In On Copa

Several institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp acquired a new stake in Copa in the 2nd quarter worth approximately $25,000. Montag A & Associates Inc. acquired a new stake in Copa in the 1st quarter worth approximately $30,000. Bayforest Capital Ltd acquired a new stake in Copa in the 1st quarter worth approximately $36,000. US Bancorp DE lifted its holdings in 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 during the last quarter. Finally, Quarry LP acquired a new stake in Copa in the 1st quarter worth approximately $50,000. 70.09% of the stock is currently owned by institutional investors and hedge funds.

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.

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