Copa (NYSE:CPA) Upgraded to Overweight by Barclays

Copa (NYSE:CPAGet Rating) was upgraded by stock analysts at Barclays from an “underweight” rating to an “overweight” rating in a report issued on Friday, The Fly reports.

CPA has been the subject of several other reports. StockNews.com assumed coverage on Copa in a report on Thursday, March 31st. They set a “hold” rating for the company. The Goldman Sachs Group upped their price target on Copa from $121.00 to $136.00 and gave the company a “buy” rating in a research note on Wednesday, February 16th. Raymond James lowered their price target on Copa from $115.00 to $110.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 13th. Finally, HSBC raised Copa from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a research note on Tuesday, February 15th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $102.13.

Shares of NYSE:CPA opened at $68.02 on Friday. The stock has a market capitalization of $2.85 billion, a P/E ratio of 16.96 and a beta of 1.41. Copa has a 1-year low of $64.12 and a 1-year high of $97.63. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 0.95. The business has a 50-day moving average price of $76.53 and a two-hundred day moving average price of $79.18.

Copa (NYSE:CPAGet Rating) last announced its quarterly earnings data on Wednesday, May 11th. The transportation company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.25. Copa had a return on equity of 0.22% and a net margin of 2.65%. During the same quarter in the previous year, the company posted ($2.23) earnings per share. As a group, equities analysts predict that Copa will post 4.24 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its position in Copa by 988.7% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 19,095 shares of the transportation company’s stock worth $1,554,000 after acquiring an additional 17,341 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Copa by 1.1% in the 3rd quarter. Goldman Sachs Group Inc. now owns 75,742 shares of the transportation company’s stock valued at $6,163,000 after buying an additional 834 shares during the last quarter. PEAK6 Investments LLC acquired a new stake in shares of Copa in the 3rd quarter valued at approximately $1,358,000. Millennium Management LLC boosted its holdings in shares of Copa by 333.7% in the 3rd quarter. Millennium Management LLC now owns 563,759 shares of the transportation company’s stock valued at $45,879,000 after buying an additional 433,768 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of Copa by 27.4% in the 3rd quarter. Artisan Partners Limited Partnership now owns 93,604 shares of the transportation company’s stock valued at $7,618,000 after buying an additional 20,153 shares during the last quarter. Institutional investors and hedge funds own 81.76% 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.

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