NEW YORK ( TheStreet) -- Copa Holdings (NYSE: CPA) hit a new 52-week high Thursday as it is currently trading at $60.50, above its previous 52-week high of $59.92 with 56,567 shares traded as of 9:41 a.m. ET. Average volume has been 230,800 shares over the past 30 days.

Copa has a market cap of $1.9 billion and is part of the services sector and transportation industry. Shares are down 1.6% year to date as of the close of trading on Wednesday.

Copa Holdings, S. A., through its subsidiaries, provides airline passenger and cargo services. The company offers air transportation services for leisure and business travelers; and cargo, which include freight, courier, and mail service. The company has a P/E ratio of 11.5, below the average transportation industry P/E ratio of 11.9 and below the S&P 500 P/E ratio of 17.
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TheStreet Ratings rates Copa as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Copa Ratings Report.

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