Analysts Set Corporacion America Airports S.A. (NYSE:CAAP) PT at $24.40

Corporacion America Airports S.A. (NYSE:CAAP) has received an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $24.40.

CAAP has been the subject of a number of recent analyst reports. Zacks Research cut Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Wall Street Zen raised shares of Corporacion America Airports from a “hold” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. upped 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a report on Tuesday, December 2nd. Finally, Citigroup assumed coverage on shares of Corporacion America Airports in a research report on Thursday, October 30th. They issued a “buy” rating and a $28.00 target price on the stock.

Corporacion America Airports Stock Down 0.4%

CAAP opened at $25.58 on Thursday. The company has a fifty day moving average of $21.24 and a two-hundred day moving average of $20.56. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 0.90 and a beta of 0.81. Corporacion America Airports has a fifty-two week low of $15.01 and a fifty-two week high of $26.97. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.51 and a current ratio of 1.53.

Corporacion America Airports (NYSE:CAAP) last posted its earnings results on Monday, November 24th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $532.10 million for the quarter, compared to analyst estimates of $492.00 million. During the same quarter last year, the business earned $0.09 earnings per share. On average, research analysts expect that Corporacion America Airports will post 0.95 earnings per share for the current year.

Hedge Funds Weigh In On Corporacion America Airports

A number of hedge funds have recently made changes to their positions in CAAP. Kestra Private Wealth Services LLC purchased a new position in shares of Corporacion America Airports in the third quarter valued at approximately $223,000. PharVision Advisers LLC acquired a new position in Corporacion America Airports in the 3rd quarter valued at $656,000. Verition Fund Management LLC lifted its holdings in Corporacion America Airports by 151.6% in the 3rd quarter. Verition Fund Management LLC now owns 26,670 shares of the company’s stock valued at $483,000 after purchasing an additional 16,070 shares in the last quarter. Quarry LP acquired a new stake in Corporacion America Airports during the 3rd quarter worth $108,000. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Corporacion America Airports by 110.6% during the third quarter. Qube Research & Technologies Ltd now owns 136,973 shares of the company’s stock worth $2,482,000 after buying an additional 71,922 shares in the last quarter. Institutional investors and hedge funds own 12.95% of the company’s stock.

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.