Raymond James Cuts Copa (NYSE:CPA) Price Target to $110.00

Copa (NYSE:CPAGet Rating) had its price target decreased by Raymond James from $115.00 to $110.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage currently has a “strong-buy” rating on the transportation company’s stock. Raymond James’ price target suggests a potential upside of 38.66% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. The Goldman Sachs Group increased their price objective on shares of Copa from $121.00 to $136.00 and gave the company a “buy” rating in a research report on Wednesday, February 16th. Barclays increased their price objective on shares of Copa from $82.00 to $96.00 and gave the company an “underweight” rating in a research report on Wednesday, February 23rd. HSBC raised shares of Copa from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a research report on Tuesday, February 15th. Finally, StockNews.com started coverage on shares of Copa in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $101.33.

Copa stock opened at $79.33 on Wednesday. The firm has a market cap of $3.33 billion, a PE ratio of 84.39 and a beta of 1.44. Copa has a 52-week low of $64.47 and a 52-week high of $97.63. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 0.95. The company’s 50 day moving average is $81.53 and its two-hundred day moving average is $80.33.

Copa (NYSE:CPAGet Rating) last released its earnings results on Wednesday, February 9th. The transportation company reported $1.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.83. The company had revenue of $575.00 million for the quarter, compared to analyst estimates of $546.22 million. Copa had a net margin of 2.65% and a return on equity of 0.22%. During the same period in the prior year, the business earned ($2.00) EPS. On average, equities research analysts anticipate that Copa will post 5.24 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Counterpoint Mutual Funds LLC purchased a new position in shares of Copa in the 4th quarter valued at $30,000. Penserra Capital Management LLC grew its position in Copa by 88.1% during the 3rd quarter. Penserra Capital Management LLC now owns 600 shares of the transportation company’s stock worth $48,000 after purchasing an additional 281 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Copa during the 3rd quarter worth $71,000. Advisor Group Holdings Inc. grew its position in Copa by 17.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 932 shares of the transportation company’s stock worth $77,000 after purchasing an additional 141 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in Copa during the 3rd quarter worth $146,000. 81.60% of the stock is currently owned by hedge funds and other institutional investors.

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.

Read More

The Fly logo

Analyst Recommendations for Copa (NYSE:CPA)

Receive News & Ratings for Copa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copa and related companies with MarketBeat.com's FREE daily email newsletter.