Copa (NYSE:CPA) Raised to Buy at StockNews.com

Copa (NYSE:CPAGet Rating) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Several other research firms have also recently issued reports on CPA. Barclays raised their price target on shares of 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 raised their target price for the stock from $79.00 to $120.00 in a research report on Thursday, October 27th. Raymond James lifted their price target on shares of Copa from $117.00 to $125.00 and gave the company a “strong-buy” rating in a research report on Monday. Citigroup lifted their price objective on shares of Copa from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Monday. Finally, TheStreet upgraded shares of Copa from a “c+” rating to a “b” rating in a research note on Wednesday, November 9th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $108.25.

Copa Price Performance

NYSE:CPA traded up $2.29 during mid-day trading on Thursday, hitting $86.45. 279,892 shares of the company’s stock traded hands, compared to its average volume of 320,474. Copa has a 1 year low of $55.25 and a 1 year high of $97.63. The company has a market cap of $3.62 billion, a PE ratio of 9.50 and a beta of 1.29. The firm’s 50 day simple moving average is $74.18 and its 200 day simple moving average is $70.11. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.90 and a current ratio of 0.93.

Institutional Investors Weigh In On Copa

Several institutional investors have recently bought and sold shares of the stock. Baillie Gifford & Co. lifted its holdings in Copa by 1.3% in the third quarter. Baillie Gifford & Co. now owns 4,845,291 shares of the transportation company’s stock worth $324,683,000 after purchasing an additional 63,179 shares during the period. Capital World Investors lifted its holdings in Copa by 9.9% in the first quarter. Capital World Investors now owns 3,298,119 shares of the transportation company’s stock worth $275,855,000 after purchasing an additional 297,595 shares during the period. JPMorgan Chase & Co. lifted its holdings in Copa by 3.0% in the second quarter. JPMorgan Chase & Co. now owns 2,562,709 shares of the transportation company’s stock worth $162,398,000 after purchasing an additional 75,280 shares during the period. Principal Financial Group Inc. lifted its holdings in Copa by 39.6% in the first quarter. Principal Financial Group Inc. now owns 840,104 shares of the transportation company’s stock worth $70,266,000 after purchasing an additional 238,266 shares during the period. Finally, AQR Capital Management LLC raised its position in Copa by 77.2% in the second quarter. AQR Capital Management LLC now owns 642,803 shares of the transportation company’s stock worth $38,851,000 after acquiring an additional 280,078 shares in the last quarter. Institutional investors and hedge funds own 76.92% of the company’s stock.

Copa Company Profile

(Get Rating)

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.

Further Reading

Analyst Recommendations for Copa (NYSE:CPA)

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