JPMorgan Chase & Co. Has Lowered Expectations for Copa (NYSE:CPA) Stock Price

Copa (NYSE:CPA) had its price target cut by stock analysts at JPMorgan Chase & Co. from $180.00 to $170.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 45.06% from the company’s previous close.

Several other brokerages have also recently issued reports on CPA. Itau BBA Securities assumed coverage on Copa in a research note on Sunday, November 30th. They issued a “market perform” rating for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Copa in a report on Wednesday, October 8th. Raymond James Financial set a $164.00 price target on shares of Copa and gave the stock a “strong-buy” rating in a research note on Monday, November 3rd. Morgan Stanley reissued an “overweight” rating and issued a $145.00 price objective (up from $125.00) on shares of Copa in a research report on Monday, August 11th. Finally, Citigroup reduced their price objective on shares of Copa from $159.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $159.43.

Copa Stock Down 0.1%

Shares of NYSE:CPA opened at $117.19 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.06 and a quick ratio of 0.95. Copa has a 1 year low of $82.54 and a 1 year high of $130.00. The firm has a market capitalization of $4.83 billion, a PE ratio of 7.29, a price-to-earnings-growth ratio of 1.42 and a beta of 0.90. The firm’s 50-day moving average is $122.91 and its two-hundred day moving average is $115.97.

Copa (NYSE:CPA) last posted its quarterly earnings data on Wednesday, November 19th. The transportation company reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.17. Copa had a return on equity of 26.39% and a net margin of 18.83%.The business had revenue of $913.15 million for the quarter, compared to analyst estimates of $917.51 million. During the same quarter in the prior year, the company earned $3.50 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. Analysts predict that Copa will post 15.48 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Severin Investments LLC acquired a new stake in shares of Copa during the 3rd quarter valued at approximately $200,000. Captrust Financial Advisors increased its stake in Copa by 3.6% in the 3rd quarter. Captrust Financial Advisors now owns 642,777 shares of the transportation company’s stock valued at $76,375,000 after purchasing an additional 22,177 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Copa during the third quarter worth $50,000. Triumph Capital Management acquired a new stake in Copa in the third quarter valued at $36,000. Finally, Wasatch Advisors LP grew its holdings in Copa by 33.3% in the third quarter. Wasatch Advisors LP now owns 547,618 shares of the transportation company’s stock valued at $65,068,000 after purchasing an additional 136,719 shares during the last quarter. 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.