UBS Group Raises Copa (NYSE:CPA) Price Target to $180.00

Copa (NYSE:CPA) had its price target increased by equities research analysts at UBS Group from $160.00 to $180.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. UBS Group’s price target would indicate a potential upside of 100.92% from the company’s previous close.

Separately, StockNews.com cut shares of Copa from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Copa presently has an average rating of “Buy” and a consensus price target of $153.29.

Copa Stock Down 0.7 %

Shares of Copa stock opened at $89.59 on Tuesday. The stock’s 50-day moving average is $92.60 and its 200 day moving average is $92.46. Copa has a one year low of $80.01 and a one year high of $114.00. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 5.93, a PEG ratio of 0.72 and a beta of 1.44. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 0.99.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, November 20th. The transportation company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.48 by $0.02. Copa had a net margin of 18.20% and a return on equity of 28.46%. The company had revenue of $854.71 million during the quarter, compared to the consensus estimate of $864.90 million. During the same quarter last year, the firm posted $4.39 EPS. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Equities research analysts anticipate that Copa will post 14.48 EPS for the current year.

Institutional Trading of Copa

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPA. Carrhae Capital LLP bought a new stake in Copa during the third quarter worth $52,166,000. Vontobel Holding Ltd. grew its stake in shares of Copa by 7,848.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 418,588 shares of the transportation company’s stock worth $39,280,000 after acquiring an additional 413,322 shares in the last quarter. Sprucegrove Investment Management Ltd. lifted its position in shares of Copa by 8.3% during the second quarter. Sprucegrove Investment Management Ltd. now owns 3,086,189 shares of the transportation company’s stock valued at $293,743,000 after purchasing an additional 236,850 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Copa during the third quarter worth about $14,094,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Copa during the third quarter worth about $9,764,000. 70.09% of the stock is owned by 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.