Analysts Set Corporacion America Airports S.A. (NYSE:CAAP) Target Price at $26.22

Shares of Corporacion America Airports S.A. (NYSE:CAAP) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $26.22.

CAAP has been the topic of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Corporacion America Airports in a research note on Monday, December 29th. Jefferies Financial Group reiterated a “buy” rating and set a $31.00 price target on shares of Corporacion America Airports in a research note on Wednesday, January 21st. JPMorgan Chase & Co. boosted their price objective on shares of Corporacion America Airports from $24.50 to $27.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Zacks Research cut Corporacion America Airports from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Finally, Citigroup began coverage on Corporacion America Airports in a research report on Thursday, October 30th. They set a “buy” rating and a $28.00 target price on the stock.

Corporacion America Airports Stock Performance

Shares of CAAP opened at $29.03 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.53 and a debt-to-equity ratio of 0.68. The stock has a market cap of $4.61 billion, a P/E ratio of 26.39, a P/E/G ratio of 0.76 and a beta of 0.77. The business’s 50 day moving average price is $25.88 and its 200-day moving average price is $22.13. Corporacion America Airports has a 52 week low of $15.01 and a 52 week high of $29.23.

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

Institutional Trading of Corporacion America Airports

Several hedge funds have recently bought and sold shares of the stock. Aquatic Capital Management LLC purchased a new stake in shares of Corporacion America Airports during the 3rd quarter valued at about $88,000. Quarry LP purchased a new stake in Corporacion America Airports during the third quarter valued at approximately $108,000. Rhumbline Advisers lifted its stake in shares of Corporacion America Airports by 10.0% in the 3rd quarter. Rhumbline Advisers now owns 6,600 shares of the company’s stock valued at $120,000 after purchasing an additional 600 shares during the last quarter. Inceptionr LLC purchased a new position in shares of Corporacion America Airports in the 2nd quarter worth approximately $215,000. Finally, Centiva Capital LP bought a new position in shares of Corporacion America Airports during the 3rd quarter valued at approximately $214,000. Hedge funds and other institutional investors own 12.95% of the company’s stock.

Corporacion America Airports Company Profile

Corporación América Airports SA operates as a global airport infrastructure and services company, specializing in the development, acquisition and management of airport concessions. Headquartered in Buenos Aires, Argentina, the firm oversees long-term agreements that cover the planning, design, financing and ongoing operation of airport facilities. Its integrated approach aims to enhance operational efficiency and passenger experience through modernized terminals and streamlined processes.

The company’s core activities encompass passenger handling, cargo operations and ancillary services such as retail concessions, food and beverage outlets, ground handling, fueling and airport parking.