5 Best Airline Stocks To Buy Now

In this article, we will look at the 5 best airline stocks to buy now. If you want to read our discussion on the airline industry, you can go directly to 10 Best Airline Stocks To Buy Now.

5. Copa Holdings, S.A. (NYSE:CPA)

Number of Hedge Fund Holders: 29

Copa Holdings, S.A. (NYSE:CPA) is the parent company of Panama-based Copa Airline and its Colombian subsidiary.

In a research note issued on August 5, Pablo Monsivais at Barclays increased the price target on Copa Holdings, S.A. (NYSE:CPA) from $85 to $90 and maintained an Overweight rating on the stock. The analyst highlighted that the airline industry is still undergoing a challenging year as the global economy is recovering from the COVID-19 pandemic. However, the differentiated strategy adopted by Copa Holdings, S.A. (NYSE:CPA) is working in the company’s favor, as reflected in the Q2 2022 results. Copa Holdings, S.A. (NYSE:CPA) saw its revenue increase by 127.9% YoY to $693.39 million, outperforming the consensus estimate of $678.55 million. Meanwhile, the adjusted EPS of 32 cents was eight cents higher than the analysts’ forecast.

Renaissance Technologies was the leading hedge fund investor in Copa Holdings, S.A. (NYSE:CPA) during Q2 2022.