Raymond James Raises Copa (NYSE:CPA) Price Target to $125.00

Copa (NYSE:CPAGet Rating) had its price objective increased by Raymond James from $117.00 to $125.00 in a research report report published on Monday, Benzinga reports. Raymond James currently has a strong-buy rating on the transportation company’s stock.

Several other research firms also recently commented on CPA. StockNews.com downgraded shares of Copa from a buy rating to a hold rating in a research note on Friday, November 11th. UBS Group raised shares of Copa from a neutral rating to a buy rating and lifted their price target for the stock from $79.00 to $120.00 in a research note on Thursday, October 27th. Citigroup lifted their price target on shares of Copa from $110.00 to $130.00 and gave the stock a buy rating in a research note on Monday. Barclays lifted their price target on shares of Copa from $85.00 to $90.00 and gave the stock an overweight rating in a research note on Friday, August 5th. Finally, TheStreet raised shares of Copa from a c+ rating to a b rating in a research note on Wednesday, November 9th. 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. According to data from MarketBeat.com, the company presently has an average rating of Buy and an average price target of $108.25.

Copa Trading Up 2.7 %

Shares of CPA opened at $86.45 on Monday. The firm’s 50 day simple moving average is $74.18 and its 200 day simple moving average is $70.11. The company has a market capitalization of $3.62 billion, a P/E ratio of 9.50 and a beta of 1.29. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.90. Copa has a 1-year low of $55.25 and a 1-year high of $97.63.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Baillie Gifford & Co. grew its holdings in shares of Copa by 1.3% in the third quarter. Baillie Gifford & Co. now owns 4,845,291 shares of the transportation company’s stock worth $324,683,000 after purchasing an additional 63,179 shares during the last quarter. Capital World Investors boosted its holdings in Copa by 9.9% in the first quarter. Capital World Investors now owns 3,298,119 shares of the transportation company’s stock valued at $275,855,000 after acquiring an additional 297,595 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Copa by 3.0% in the second quarter. JPMorgan Chase & Co. now owns 2,562,709 shares of the transportation company’s stock valued at $162,398,000 after acquiring an additional 75,280 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Copa by 39.6% in the first quarter. Principal Financial Group Inc. now owns 840,104 shares of the transportation company’s stock valued at $70,266,000 after acquiring an additional 238,266 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Copa by 77.2% in the second quarter. AQR Capital Management LLC now owns 642,803 shares of the transportation company’s stock valued at $38,851,000 after acquiring an additional 280,078 shares in the last quarter. Institutional investors own 76.92% of the company’s stock.

Copa Company Profile

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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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Analyst Recommendations for Copa (NYSE:CPA)

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