Copa (NYSE:CPA) Trading 4.3% Higher

Shares of Copa Holdings, S.A. (NYSE:CPAGet Rating) traded up 4.3% on Thursday . The stock traded as high as $84.92 and last traded at $83.63. 2,998 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 479,333 shares. The stock had previously closed at $80.21.

Several research analysts have weighed in on the company. Raymond James dropped their target price on Copa from $115.00 to $110.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 13th. Barclays increased their price objective on Copa from $82.00 to $96.00 and gave the company an “underweight” rating in a report on Wednesday, February 23rd. HSBC raised Copa from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a report on Tuesday, February 15th. StockNews.com began coverage on Copa in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, The Goldman Sachs Group increased their price objective on Copa from $121.00 to $136.00 and gave the company a “buy” rating in a report on Wednesday, February 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $102.13.

The stock has a 50-day simple moving average of $80.55 and a 200 day simple moving average of $80.16. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.11 and a current ratio of 1.18. The company has a market cap of $3.29 billion, a P/E ratio of 83.56 and a beta of 1.44.

Copa (NYSE:CPAGet Rating) last announced its quarterly earnings data on Wednesday, February 9th. The transportation company reported $1.98 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.83. Copa had a return on equity of 0.22% and a net margin of 2.65%. The company had revenue of $575.00 million during the quarter, compared to the consensus estimate of $546.22 million. During the same quarter last year, the company earned ($2.00) EPS. Sell-side analysts anticipate that Copa Holdings, S.A. will post 4.48 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Counterpoint Mutual Funds LLC bought a new position in shares of Copa during the 4th quarter worth approximately $30,000. Penserra Capital Management LLC lifted its position in shares of 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 buying an additional 281 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Copa during the 3rd quarter worth approximately $71,000. Advisor Group Holdings Inc. lifted its position in shares of 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 buying an additional 141 shares during the period. Finally, Dark Forest Capital Management LP bought a new position in shares of Copa during the 3rd quarter worth approximately $146,000. Institutional investors own 81.60% of the company’s stock.

Copa Company Profile (NYSE:CPA)

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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