Copa Holdings, S.A. (NYSE:CPA - Get Rating) - Stock analysts at Seaport Res Ptn issued their Q2 2023 earnings per share estimates for shares of Copa in a research note issued to investors on Thursday, November 17th. Seaport Res Ptn analyst D. Mckenzie expects that the transportation company will post earnings per share of $1.75 for the quarter. The consensus estimate for Copa's current full-year earnings is $5.85 per share. Seaport Res Ptn also issued estimates for Copa's Q3 2023 earnings at $2.75 EPS, FY2023 earnings at $11.00 EPS and FY2024 earnings at $12.50 EPS.
CPA has been the topic of a number of other reports. StockNews.com lowered Copa from a "buy" rating to a "hold" rating in a research report on Friday, November 11th. Barclays upped their price objective on Copa from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Friday, August 5th. UBS Group raised shares of Copa from a "neutral" rating to a "buy" rating and boosted their price target for the company from $79.00 to $120.00 in a report on Thursday, October 27th. Finally, TheStreet raised shares of Copa from a "c+" rating to a "b" rating in a report on Wednesday, November 9th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $103.00.
Copa Price Performance
Shares of NYSE CPA opened at $81.11 on Monday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.97 and a quick ratio of 0.90. Copa has a 1-year low of $55.25 and a 1-year high of $97.63. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 8.91 and a beta of 1.29. The business has a 50-day moving average of $73.35 and a 200-day moving average of $69.71.
Hedge Funds Weigh In On Copa
Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SNC lifted its position in shares of Copa by 0.5% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 102,146 shares of the transportation company's stock valued at $6,845,000 after acquiring an additional 475 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Copa by 205.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 18,688 shares of the transportation company's stock worth $1,253,000 after buying an additional 12,574 shares during the period. Putnam Investments LLC grew its holdings in shares of Copa by 1.3% during the third quarter. Putnam Investments LLC now owns 183,630 shares of the transportation company's stock valued at $12,305,000 after buying an additional 2,416 shares in the last quarter. Marathon Capital Management raised its position in Copa by 4.9% during the third quarter. Marathon Capital Management now owns 50,900 shares of the transportation company's stock valued at $3,411,000 after buying an additional 2,375 shares during the period. Finally, Ethic Inc. lifted its stake in Copa by 123.5% in the 3rd quarter. Ethic Inc. now owns 63,908 shares of the transportation company's stock worth $4,282,000 after acquiring an additional 35,311 shares in the last quarter. Institutional investors and hedge funds own 76.92% of the company's stock.
Copa Company Profile
Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 204 daily scheduled flights to 69 destinations in 29 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2021, it operated a fleet of 91 aircraft comprising 77 Boeing 737-Next Generation aircraft and 14 Boeing 737 MAX 9 aircraft.
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