Cowen & Co. Sticks to Its Hold Rating for Copa Holdings

In a report released today, Helane Becker from Cowen & Co. reiterated a Hold rating on Copa Holdings (NYSE: CPA), with a price target of $130. The company’s shares closed yesterday at $116.72.

According to TipRanks.com, Becker is a top 25 analyst with an average return of 22.9% and a 76.2% success rate. Becker covers the Services sector, focusing on stocks such as Southwest Airlines, United Continental, and American Airlines.

Copa Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $141.75.

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Based on Copa Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $101 million. In comparison, last year the company had a net profit of $102 million.

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Copa Holdings SA engages in provision of air transportation. It involves in an airline operation which provides passenger and cargo services through the Copa Airlines and Copa Colombia principal operating subsidiaries. The company offers international flights to Costa Rica, Jamaica, Colombia and other cities.