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

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

CPA has been the topic of a number of other reports. Evercore ISI reduced their target price 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. Deutsche Bank Aktiengesellschaft cut their price target on shares of Copa from $145.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. decreased their price objective on Copa from $180.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Finally, TD Cowen cut their target price on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $148.83.

Copa Stock Down 1.2 %

NYSE CPA opened at $102.56 on Friday. The business’s fifty day simple moving average is $95.65 and its 200-day simple moving average is $94.97. The company has a quick ratio of 0.89, a current ratio of 0.98 and a debt-to-equity ratio of 0.56. The firm has a market cap of $4.04 billion, a PE ratio of 6.28, a P/E/G ratio of 0.64 and a beta of 1.48. Copa has a 52 week low of $80.01 and a 52 week high of $114.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CPA. Bell Investment Advisors Inc grew its stake 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 buying an additional 143 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Copa during the 3rd quarter valued at about $82,000. Hexagon Capital Partners LLC grew its position in Copa by 14.9% in the 2nd quarter. Hexagon Capital Partners LLC now owns 892 shares of the transportation company’s stock valued at $85,000 after acquiring an additional 116 shares in the last quarter. Rhumbline Advisers grew its position in Copa by 69,000.0% in the 2nd quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock valued at $132,000 after acquiring an additional 1,380 shares in the last quarter. Finally, Kingsview Wealth Management LLC purchased a new stake in Copa during the first quarter worth about $215,000. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Copa Company Profile

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.