Yahoo Finance This Top Transportation Stock is a #1 (Strong Buy): Why It Should Be on Your Radar
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Should You Buy #1 (Strong Buy)-Ranked Copa Holdings (CPA) for Your Portfolio?
Copa Holdings was upgraded to the Zacks Rank #1 list on May 9, 2023. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Copa Holdings is based in Panama City, Panama. The company, through its main subsidiaries — Copa Airlines and Copa Colombia — offers airline passenger and cargo services. Copa Airlines was founded in 1947. Copa Columbia was purchased in 2005.
Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $1.69 to $13.64 per share. CPA boasts an average earnings surprise of 14.6%.
Earnings are expected to grow 65.1% for the current fiscal year, while revenue is projected to increase 13.9%.
CPA has been moving higher over the past four weeks as well, up 18.5% compared to the S&P 500's gain of 0.5%.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Copa Holdings could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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