Copa Holdings (CPA) stock rises 1.67%, outperforming S&P 500, with optimistic analyst estimates

From Nasdaq: 2024-10-04 18:15:22

Copa Holdings (CPA) closed at $96.14, up 1.67% from the previous day, outperforming the S&P 500. Shares have gained 5.64% in the past month, beating the transportation sector and S&P 500. Earnings forecast a 21.64% drop in EPS and a 0.87% decrease in revenue compared to the previous year’s quarter.

Analyst estimates reflect optimism for Copa Holdings, with a Zacks Rank of #3 (Hold) and a recent 0.23% increase in EPS projection. The stock is trading at a discount to the average Forward P/E of the transportation industry. The company has a PEG ratio of 0.59, lower than the industry average of 0.78.

The Transportation – Airline industry, which Copa Holdings belongs to, has a Zacks Industry Rank of 147, placing it in the bottom 42% of all industries. Utilize Zacks.com to track these stock-moving metrics and the latest recommendations from Zacks Investment Research.

Zacks’ Research Chief identifies a stock most likely to double in the coming months, among other top picks poised for significant gains. With a fast-growing customer base and cutting-edge solutions, this stock is seen for potential big returns. Check out the top stock and four runners-up for free on Zacks.com.



Read more at Nasdaq: Copa Holdings (CPA) Rises Higher Than Market: Key Facts