| Over a week ago | ||||
HSBC analyst Cenk Orcan… HSBC analyst Cenk Orcan raised the firm's price target on Copa Holdings to $143 from $117 and keeps a Buy rating on the shares. The stock's investment case is reinforced by healthy demand trends, cheaper fuel, strong liquidity for capacity growth and dividends, the analyst tells investors in a research note. The firm raised forecasts following Copa's "strong" Q1. It believes the stock still looks inexpensive. | ||||
Raymond James raised the… Raymond James raised the firm's price target on Copa Holdings to $138 from $125 and keeps a Strong Buy rating on the shares after meeting with Copa's CEO and CFO. The price target raise reflects a stronger revenue outlook and slightly lower fuel, and the analyst tells investors in a research note that the pursuit of improvement in the product and cost structure is part of Copa's DNA and enables it to drive similar to better than historical margins on lower yields. | ||||
TD Cowen analyst Helane… TD Cowen analyst Helane Becker raised the firm's price target on Copa Holdings to $145 from $130 and keeps an Outperform rating on the shares. The analyst said demand in the Americas remains robust and with strong demand and execution on costs and operations, it help the business model shine. | ||||
Barclays raised the… Barclays raised the firm's price target on Copa Holdings to $150 from $120 and keeps an Overweight rating on the shares. After incorporating the "positive" Q1 results and the "encouraging combination" of lower fuel price and stronger local currencies, the firm maintains a positive view on the company's prospects. | ||||
Reports Q1 revenue… Reports Q1 revenue $867.3M, consensus $838.8M. Reports Q1 RPMs up 7.1% from Q1 of 2019, ASMs up 2.8% from Q1 of 2019 and load factor of 86.8% vs. 83.3% in 2019. | ||||
For the month of April… For the month of April 2023, Copa Holdings' capacity increased 15.0%, while system-wide passenger traffic, or RPMs, increased 15.6%, compared to 2022. As a result, system load factor for the month was 85.3%, 0.4 percentage points higher than April 2022. | ||||
| Over a month ago | ||||
Given the irregular… Given the irregular nature of the company's operations starting in March 2020 due to the Covid-19 pandemic, the company compares to 2019 statistics. Consolidated capacity - ASMs - came in 4.6% higher than in March 2019, while passenger traffic - RPMs - increased by 9.5%. As a result, the load factor for the month was 87.2%, 3.9 percentage points higher than in March 2019. | ||||
Seaport Research raised… Seaport Research raised the firm's price target on Copa Holdings to $135 from $127 and keeps a Buy rating on the shares ahead of the Q1 results. It is hard not to be pessimistic about the economy given the widespread consensus among experts for a recession later this year, however, the demand story for airlines remains solid, the analyst tells investors in a research note. | ||||
Copa Holdings released… Copa Holdings released preliminary passenger traffic statistics for February 2023. Given the irregular nature of the company's operations starting in March 2020 due to the Covid-19 pandemic, the company is comparing this traffic report to 2019 statistics. Consolidated capacity came in 2.6% higher than in February 2019, while passenger traffic increased by 5.4%. As a result, the load factor for the month was 85.9%, 2.3 percentage points higher than in February 2019. | ||||
| Over a quarter ago | ||||
Cowen raised the… Cowen raised the firm's price target on Copa Holdings to $117 from $98 and keeps an Outperform rating on the shares. The analyst noted management walked analysts through drivers of the 4Q beat and their outlook for 2023 operations and financials and their latest thinking on shareholder returns providing cautious optimism. | ||||
