TD Cowen Boosts Copa (NYSE:CPA) Price Target to $160.00

Copa (NYSE:CPA) had its price objective lifted by analysts at TD Cowen from $145.00 to $160.00 in a research note issued on Friday, Briefing.com reports. The firm currently has a “buy” rating on the transportation company’s stock. TD Cowen’s target price points to a potential upside of 46.24% from the company’s previous close.

Separately, StockNews.com lowered Copa from a “buy” rating to a “hold” rating in a research report on Monday, February 12th.

Copa Trading Down 0.4 %

CPA opened at $109.41 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.58. The stock’s fifty day moving average is $101.97 and its two-hundred day moving average is $98.68. The company has a market capitalization of $4.31 billion, a P/E ratio of 7.87, a PEG ratio of 0.39 and a beta of 1.40. Copa has a 52 week low of $78.12 and a 52 week high of $121.20.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, May 15th. The transportation company reported $4.19 EPS for the quarter, beating 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 firm had revenue of $893.47 million for the quarter, compared to analyst estimates of $866.73 million. During the same quarter last year, the firm posted $3.99 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts forecast that Copa will post 16.27 earnings per share for the current year.

Institutional Investors Weigh In On Copa

Institutional investors have recently added to or reduced their stakes in the business. Invenomic Capital Management LP increased its position in shares of Copa by 5.6% in the 1st quarter. Invenomic Capital Management LP now owns 123,303 shares of the transportation company’s stock valued at $12,843,000 after acquiring an additional 6,503 shares during the period. Silvercrest Asset Management Group LLC purchased a new stake in Copa in the first quarter valued at approximately $1,005,000. Appian Way Asset Management LP acquired a new position in Copa in the 1st quarter worth approximately $1,083,000. Price T Rowe Associates Inc. MD raised its position in Copa by 219.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 49,566 shares of the transportation company’s stock worth $5,164,000 after buying an additional 34,027 shares during the last quarter. Finally, Capital World Investors lifted its stake in Copa by 3.7% during the 1st quarter. Capital World Investors now owns 4,068,558 shares of the transportation company’s stock valued at $423,781,000 after acquiring an additional 144,806 shares during the period. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Company Profile

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.