Copa (NYSE:CPA) Releases Earnings Results, Beats Estimates By $0.25 EPS

Copa (NYSE:CPAGet Rating) released its earnings results on Wednesday. The transportation company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.25, MarketWatch Earnings reports. Copa had a return on equity of 10.27% and a net margin of 8.99%. During the same period in the prior year, the company earned ($2.23) EPS.

Shares of CPA stock opened at $69.41 on Friday. Copa has a 12-month low of $64.12 and a 12-month high of $97.63. The company has a market capitalization of $2.91 billion, a PE ratio of 17.31 and a beta of 1.41. The firm has a 50 day moving average price of $76.49 and a two-hundred day moving average price of $79.06. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 0.95.

Large investors have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. raised its position in shares of Copa by 16.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,083 shares of the transportation company’s stock valued at $92,000 after buying an additional 151 shares in the last quarter. Penserra Capital Management LLC increased its stake in Copa by 43.3% in the fourth quarter. Penserra Capital Management LLC now owns 860 shares of the transportation company’s stock valued at $71,000 after acquiring an additional 260 shares during the last quarter. Comerica Bank raised its position in Copa by 1.8% during the fourth quarter. Comerica Bank now owns 15,188 shares of the transportation company’s stock valued at $1,210,000 after purchasing an additional 267 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Copa by 0.8% during the third quarter. Bank of New York Mellon Corp now owns 74,368 shares of the transportation company’s stock worth $6,052,000 after purchasing an additional 573 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Copa by 1.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 46,378 shares of the transportation company’s stock valued at $3,880,000 after purchasing an additional 866 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

CPA has been the subject of several recent analyst reports. StockNews.com began coverage on Copa in a report on Thursday, March 31st. They issued a “hold” rating for the company. Raymond James cut their price target on shares of Copa from $115.00 to $110.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 13th. The Goldman Sachs Group boosted their price objective on shares of Copa from $121.00 to $136.00 and gave the stock a “buy” rating in a research note on Wednesday, February 16th. HSBC upgraded shares of Copa from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research note on Tuesday, February 15th. Finally, Barclays raised Copa from an “underweight” rating to an “overweight” rating and set a $96.00 price target on the stock in a research report on Friday. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $102.13.

About Copa (Get Rating)

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 204 daily scheduled flights to 69 destinations in 29 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2021, it operated a fleet of 91 aircraft comprising 77 Boeing 737-Next Generation aircraft and 14 Boeing 737 MAX 9 aircraft.

Featured Stories

Earnings History for Copa (NYSE:CPA)

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.