CPA - Copa Holdings is called an airline stock standout by JPMorgan

Copa Holdings S.A. ( NYSE: CPA ) gained in early trading after a bull call on the airline stock was fired off by JPMorgan.

Analyst Guilherme and team think Copa ( CPA ) has a relatively comfortable balance sheet situation, noting leverage is expected to end 2023 at only 1.8X net debt to EBITDA, which is the lowest among Latin American carriers. They are also pointed out that Copa's immediate liquidity over short-term payables is the best among the LatAm group.

Copa ( CPA ) is also said to look attractive on a valuation basis, currently trading at a 25% discount to its historical EV/EBITDA average to make an interesting entry point for new investors.

Shares of Copa Holdings ( CPA ) moved up 1.00% in premarket action to $88.79.

The Seeking Alpha Quant Rating on Copa is flashing Strong Buy.

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