Copa (NYSE:CPA) Cut to “Hold” at StockNews.com

Copa (NYSE:CPA – Get Rating) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

A number of other analysts also recently issued reports on the stock. HSBC raised their price objective on shares of Copa from $117.00 to $143.00 in a report on Wednesday, May 17th. Raymond James increased their target price on shares of Copa from $125.00 to $138.00 in a research report on Tuesday, May 16th. Cowen increased their target price on shares of Copa from $98.00 to $117.00 in a research report on Friday, February 17th. Finally, Barclays increased their target price on shares of Copa from $120.00 to $150.00 in a research report on Friday, May 12th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Copa currently has a consensus rating of “Buy” and a consensus target price of $123.67.

Copa Stock Performance

NYSE CPA opened at $106.91 on Friday. Copa has a 52-week low of $55.25 and a 52-week high of $107.96. The company has a 50-day simple moving average of $93.06 and a 200 day simple moving average of $89.29. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.03 and a current ratio of 1.11. The company has a market capitalization of $4.21 billion, a PE ratio of 9.51 and a beta of 1.31.

Institutional Investors Weigh In On Copa

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Putnam Investments LLC raised its stake in Copa by 0.9% in the first quarter. Putnam Investments LLC now owns 177,962 shares of the transportation company’s stock valued at $16,435,000 after purchasing an additional 1,529 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Copa by 16.1% in the first quarter. Ameriprise Financial Inc. now owns 95,268 shares of the transportation company’s stock valued at $8,798,000 after purchasing an additional 13,204 shares in the last quarter. Advisory Services Network LLC raised its stake in Copa by 1,560.7% in the first quarter. Advisory Services Network LLC now owns 465 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 437 shares in the last quarter. Hudson Bay Capital Management LP raised its stake in Copa by 55.3% in the first quarter. Hudson Bay Capital Management LP now owns 56,161 shares of the transportation company’s stock valued at $5,186,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Atlas Capital Advisors LLC raised its stake in Copa by 1,446.5% in the first quarter. Atlas Capital Advisors LLC now owns 4,361 shares of the transportation company’s stock valued at $403,000 after purchasing an additional 4,079 shares in the last quarter. 75.96% of the stock is owned by hedge funds and other institutional investors.

Copa Company Profile

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Copa Holdings SA engages in the provision of air transportation. It operates through the following geographical segments: North America; South America; Central America; and Caribbean. The firm offers international flights to Costa Rica, Jamaica, Colombia, and other cities. The company was founded on May 6, 1998 and is headquartered in Panama.