Analyst Thomas Fitzgerald CFA from TD Cowen maintained a Buy rating on Copa Holdings (CPA – Research Report) and increased the price target to $140.00 from $130.00.
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Thomas Fitzgerald CFA has given his Buy rating due to a combination of factors surrounding Copa Holdings’ recent performance and future prospects. The airline concluded 2024 with a strong quarter, surpassing expectations, maintaining dividends, and providing guidance for 2025 that aligns with anticipated EBIT margins, despite facing challenges like foreign exchange volatility and excess capacity in Latin America.
Fitzgerald notes the company’s adept cost control measures, evidenced by a reduction in cost per available seat mile excluding fuel (CASMex) and the achievement of over 20% EBIT margins for two consecutive years. Additionally, Copa’s planned capacity growth and the potential for positive developments in the latter half of 2025, along with a strategic fleet expansion, underpin the optimistic outlook. These factors suggest that Copa Holdings is well-positioned to navigate current challenges and capitalize on future opportunities, justifying the Buy rating.
According to TipRanks, Fitzgerald CFA is a 5-star analyst with an average return of 30.1% and an 85.29% success rate. Fitzgerald CFA covers the Industrials sector, focusing on stocks such as Alaska Air, American Airlines, and Air Canada.
In another report released on February 13, Barclays also maintained a Buy rating on the stock with a $150.00 price target.