Corporacion America Airports (NYSE:CAAP) Upgraded by Wall Street Zen to Buy Rating

Corporacion America Airports (NYSE:CAAP) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Corporacion America Airports from $24.00 to $24.50 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Citigroup assumed coverage on Corporacion America Airports in a research report on Thursday, October 30th. They issued a “buy” rating and a $28.00 price objective for the company. Zacks Research downgraded Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a research note on Tuesday. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $24.40.

Corporacion America Airports Trading Down 1.6%

NYSE CAAP opened at $25.61 on Friday. The firm has a market capitalization of $4.18 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 0.91 and a beta of 0.81. The business’s 50-day moving average price is $21.10 and its two-hundred day moving average price is $20.55. The company has a current ratio of 1.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68. Corporacion America Airports has a 12 month low of $15.01 and a 12 month high of $26.97.

Corporacion America Airports (NYSE:CAAP) last announced its earnings results on Monday, November 24th. The company reported $0.34 EPS 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 during the quarter, compared to the consensus estimate of $492.00 million. During the same quarter in the previous year, the company earned $0.09 earnings per share. On average, analysts expect that Corporacion America Airports will post 0.95 EPS for the current year.

Hedge Funds Weigh In On Corporacion America Airports

A number of large investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in Corporacion America Airports during the first quarter worth $50,000. Aquatic Capital Management LLC bought a new stake in shares of Corporacion America Airports during the third quarter worth about $88,000. Quarry LP purchased a new stake in shares of Corporacion America Airports in the third quarter worth approximately $108,000. Rhumbline Advisers lifted its holdings in shares of Corporacion America Airports by 10.0% in the third quarter. Rhumbline Advisers now owns 6,600 shares of the company’s stock valued at $120,000 after purchasing an additional 600 shares in the last quarter. Finally, State of Wyoming boosted its position in shares of Corporacion America Airports by 199.0% during the first quarter. State of Wyoming now owns 9,002 shares of the company’s stock valued at $165,000 after buying an additional 5,991 shares during the last quarter. 12.95% of the stock is currently owned by 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.