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

Copa (NYSE:CPA) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

Other equities analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. decreased their price target on shares of Copa from $180.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. TD Cowen decreased their price target on shares of Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Evercore ISI decreased their price target on shares of Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $148.83.

Copa Price Performance

Shares of NYSE CPA traded up $0.93 during trading on Monday, hitting $94.30. The company had a trading volume of 690,179 shares, compared to its average volume of 287,580. The stock has a fifty day simple moving average of $97.07 and a two-hundred day simple moving average of $94.88. Copa has a fifty-two week low of $80.01 and a fifty-two week high of $114.00. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 6.24, a price-to-earnings-growth ratio of 0.73 and a beta of 1.48. The company has a quick ratio of 0.89, a current ratio of 0.98 and a debt-to-equity ratio of 0.56.

Institutional Investors Weigh In On Copa

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bell Investment Advisors Inc grew its holdings in shares of Copa by 29.6% in the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 143 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Copa in the third quarter valued at approximately $82,000. Hexagon Capital Partners LLC grew its holdings in shares of Copa by 14.9% in the second quarter. Hexagon Capital Partners LLC now owns 892 shares of the transportation company’s stock valued at $85,000 after purchasing an additional 116 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Copa by 69,000.0% in the second quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock valued at $132,000 after purchasing an additional 1,380 shares in the last quarter. Finally, Optimist Retirement Group LLC acquired a new position in shares of Copa in the third quarter valued at approximately $240,000. 70.09% of the stock is owned by hedge funds and other institutional investors.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 375 daily scheduled flights to 82 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2023, it operated a fleet of 106 aircraft comprising 76 Boeing 737-Next Generation aircraft, 29 Boeing 737 MAX 9 aircraft, and one Boeing 737-800 Boeing Converted Freighter.