2 weeks Ago By ABMN Staff
Copa ( NYSE:CPA – Get Free Report ) had its target price dropped by equities research analysts at JPMorgan Chase & Co. from $180.00 to $175.
00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.
‘s target price would suggest a potential upside of 93.54% from the stock’s previous close. A number of other research analysts have also issued reports on CPA.
TD Cowen decreased their target price on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a report on Friday, August 9th.
Evercore ISI dropped their target price on Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th.
Deutsche Bank Aktiengesellschaft decreased their price target on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, August 8th.
Raymond James upped their price objective on Copa from $165.00 to $168.00 and gave the stock a “strong-buy” rating in a research report on Friday, May 17th.
Finally, StockNews.com lowered Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock.
Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $148.83. View Our Latest Analysis on Copa Copa Stock Down 0.
6 % Copa ( NYSE:CPA – Get Free Report ) last announced its quarterly earnings results on Wednesday, August 7th. The transportation company reported $2.88 earnings per share for the quarter, beating the consensus estimate of $2.
77 by $0.11. The firm had revenue of $819.
40 million during the quarter, compared to analyst estimates of $838.13 million. Copa had a return on equity of 36.
59% and a net margin of 16.42%. Copa’s revenue for the quarter was up 1.
3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.92 EPS.
As a group, equities research analysts forecast that Copa will post 16.24 earnings per share for the current year. Hedge Funds Weigh In On Copa Institutional investors and hedge funds have recently modified their holdings of the company.
Capital World Investors boosted its stake in Copa by 3.7% in the 1st quarter. Capital World Investors now owns 4,068,558 shares of the transportation company’s stock worth $423,781,000 after buying an additional 144,806 shares during the last quarter.
Sprucegrove Investment Management Ltd. grew its holdings in Copa by 8.3% in 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 during the period. Renaissance Technologies LLC increased its position in Copa by 1.
9% during the second quarter. Renaissance Technologies LLC now owns 871,928 shares of the transportation company’s stock worth $82,990,000 after purchasing an additional 16,100 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Copa by 8.
6% during the second quarter. Dimensional Fund Advisors LP now owns 829,478 shares of the transportation company’s stock worth $78,950,000 after purchasing an additional 65,525 shares during the period. Finally, Brandes Investment Partners LP boosted its holdings in shares of Copa by 6.
2% in the 4th quarter. Brandes Investment Partners LP now owns 444,576 shares of the transportation company’s stock valued at $47,263,000 after purchasing an additional 25,811 shares during the last quarter. Hedge funds and other institutional investors own 70.
09% of the company’s stock. Copa Company Profile ( Get Free Report ) 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. Featured Articles Receive News & Ratings for Copa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copa and related companies with MarketBeat.com's FREE daily email newsletter .
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