Copa (NYSE:CPA) Price Target Lowered to $170.00 at JPMorgan Chase & Co.

Copa (NYSE:CPA) had its price target decreased by stock analysts at JPMorgan Chase & Co. from $180.00 to $170.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 43.46% from the company’s current price.

A number of other brokerages have also issued reports on CPA. Evercore ISI increased their price objective on shares of Copa from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Itau BBA Securities began coverage on Copa in a research report on Sunday, November 30th. They issued a “market perform” rating for the company. Citigroup reduced their target price on shares of Copa from $159.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Raymond James Financial set a $164.00 price objective on Copa and gave the company a “strong-buy” rating in a report on Monday, November 3rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Copa in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Copa presently has an average rating of “Buy” and a consensus target price of $159.43.

Copa Stock Performance

CPA stock traded down $0.49 during trading on Monday, reaching $118.50. The stock had a trading volume of 58,205 shares, compared to its average volume of 303,138. The stock’s 50 day moving average is $122.98 and its two-hundred day moving average is $115.80. Copa has a 52 week low of $82.54 and a 52 week high of $130.00. The company has a current ratio of 1.06, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The firm has a market cap of $4.88 billion, a PE ratio of 7.37, a PEG ratio of 1.44 and a beta of 0.90.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, November 19th. The transportation company reported $4.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.17. Copa had a return on equity of 26.39% and a net margin of 18.83%.The company had revenue of $913.15 million during the quarter, compared to the consensus estimate of $917.51 million. During the same period in the previous year, the company posted $3.50 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. As a group, equities analysts anticipate that Copa will post 15.48 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC acquired a new stake in shares of Copa during the 1st quarter worth about $423,000. Hsbc Holdings PLC increased its stake in shares of Copa by 16.7% during the first quarter. Hsbc Holdings PLC now owns 52,671 shares of the transportation company’s stock worth $4,841,000 after buying an additional 7,520 shares during the period. Aptus Capital Advisors LLC raised its holdings in Copa by 12.5% in the first quarter. Aptus Capital Advisors LLC now owns 52,242 shares of the transportation company’s stock valued at $4,830,000 after acquiring an additional 5,808 shares in the last quarter. Seven Mile Advisory acquired a new position in Copa during the 1st quarter worth approximately $223,000. Finally, Russell Investments Group Ltd. increased its position in shares of Copa by 39.5% in the 1st quarter. Russell Investments Group Ltd. now owns 17,501 shares of the transportation company’s stock valued at $1,618,000 after purchasing an additional 4,951 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.