Corporacion America Airports (NYSE:CAAP) Rating Lowered to “Hold” at Wall Street Zen

Corporacion America Airports (NYSE:CAAP) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other analysts have also weighed in on the stock. Zacks Research lowered shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Weiss Ratings restated a “buy (b)” rating on shares of Corporacion America Airports in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on Corporacion America Airports from $24.00 to $24.50 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Finally, Citigroup assumed coverage on Corporacion America Airports in a research note on Thursday, October 30th. They set a “buy” rating and a $28.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Corporacion America Airports presently has an average rating of “Moderate Buy” and an average price target of $24.40.

Corporacion America Airports Stock Up 5.2%

Shares of NYSE CAAP opened at $25.35 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.53 and a debt-to-equity ratio of 0.68. The company has a market cap of $4.14 billion, a P/E ratio of 23.05, a P/E/G ratio of 0.88 and a beta of 1.38. Corporacion America Airports has a 52 week low of $15.01 and a 52 week high of $25.38. The business has a 50-day simple moving average of $20.37 and a two-hundred day simple moving average of $20.39.

Corporacion America Airports (NYSE:CAAP) last announced its quarterly earnings results on Monday, November 24th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.19). Corporacion America Airports had a net margin of 9.39% and a return on equity of 11.64%. The company had revenue of $532.10 million for the quarter, compared to the consensus estimate of $492.00 million. During the same quarter in the prior year, the company earned $0.09 earnings per share. Research analysts anticipate that Corporacion America Airports will post 0.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Corporacion America Airports

Hedge funds and other institutional investors have recently modified their holdings of the company. Kestra Private Wealth Services LLC bought a new position in shares of Corporacion America Airports during the 3rd quarter valued at about $223,000. PharVision Advisers LLC bought a new stake in Corporacion America Airports in the 3rd quarter worth approximately $656,000. Verition Fund Management LLC boosted its stake in Corporacion America Airports by 151.6% in the third quarter. Verition Fund Management LLC now owns 26,670 shares of the company’s stock worth $483,000 after buying an additional 16,070 shares in the last quarter. Quarry LP purchased a new stake in Corporacion America Airports in the third quarter worth approximately $108,000. Finally, Qube Research & Technologies Ltd grew its position in Corporacion America Airports by 110.6% during the third quarter. Qube Research & Technologies Ltd now owns 136,973 shares of the company’s stock valued at $2,482,000 after acquiring an additional 71,922 shares during the last quarter. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

About Corporacion America Airports

Corporación América Airports SA, through its subsidiaries, acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly known as A.C.I. Airports International S.à r.l. and changed its name to Corporación América Airports SA in September 2017.