TD Cowen Lowers Copa (NYSE:CPA) Price Target to $145.00

Copa (NYSE:CPAGet Free Report) had its price target dropped by TD Cowen from $160.00 to $145.00 in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the transportation company’s stock. TD Cowen’s price objective points to a potential upside of 51.74% from the company’s previous close.

Other analysts have also recently issued reports about the company. StockNews.com raised Copa from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. Morgan Stanley assumed coverage on Copa in a report on Friday, May 24th. They set an “overweight” rating and a $140.00 price target for the company. Evercore ISI upped their target price on shares of Copa from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Finally, Raymond James increased their price target on shares of Copa from $165.00 to $168.00 and gave the company a “strong-buy” rating in a report on Friday, May 17th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $154.67.

Read Our Latest Analysis on CPA

Copa Stock Down 0.9 %

Shares of NYSE CPA opened at $95.56 on Tuesday. Copa has a 12 month low of $78.12 and a 12 month high of $121.20. The firm has a market capitalization of $3.77 billion, a PE ratio of 6.87, a price-to-earnings-growth ratio of 0.22 and a beta of 1.48. The firm has a fifty day simple moving average of $100.14 and a two-hundred day simple moving average of $100.25. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 0.58.

Copa (NYSE:CPAGet Free Report) last issued its quarterly earnings results on Wednesday, May 15th. The transportation company reported $4.19 earnings per share for the quarter, topping the consensus estimate of $3.27 by $0.92. Copa had a return on equity of 36.59% and a net margin of 16.42%. The company had revenue of $893.47 million for the quarter, compared to analysts’ expectations of $866.73 million. During the same period in the prior year, the firm earned $3.99 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities analysts expect that Copa will post 16.66 earnings per share for the current year.

Hedge Funds Weigh In On Copa

A number of institutional investors and hedge funds have recently modified their holdings of CPA. TFO Wealth Partners LLC grew its position in shares of Copa by 34,300.0% during the 4th quarter. TFO Wealth Partners LLC now owns 344 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 343 shares during the period. Scarborough Advisors LLC bought a new position in shares of Copa during the 4th quarter valued at approximately $47,000. Hexagon Capital Partners LLC increased its stake in shares of Copa by 224.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 674 shares of the transportation company’s stock worth $72,000 after purchasing an additional 466 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Copa by 1,778.4% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 958 shares of the transportation company’s stock valued at $103,000 after purchasing an additional 907 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Copa by 45.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,858 shares of the transportation company’s stock valued at $198,000 after buying an additional 584 shares in the last quarter. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

About Copa

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Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 327 daily scheduled flights to 78 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2022, it operated a fleet of 97 aircraft comprising 67 Boeing 737-800 Next Generation aircraft, 9 Boeing 737-700 Next Generation aircraft, 1 Boeing 737-800 Boeing Converted Freighter, and 20 737-MAX aircraft.

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