Corporacion America Airports (NYSE:CAAP) Price Target Raised to $28.50

Corporacion America Airports (NYSE:CAAP) had its target price hoisted by The Goldman Sachs Group from $25.10 to $28.50 in a research note published on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

CAAP has been the topic of several other research reports. Jefferies Financial Group reiterated a “buy” rating and issued a $31.00 price target on shares of Corporacion America Airports in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a research note on Monday, December 29th. Wall Street Zen raised Corporacion America Airports from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. JPMorgan Chase & Co. increased their target price on shares of Corporacion America Airports from $24.50 to $27.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Finally, Zacks Research downgraded shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.60.

Corporacion America Airports Stock Down 2.0%

Shares of NYSE CAAP opened at $29.73 on Thursday. The stock has a market capitalization of $4.95 billion, a P/E ratio of 27.03, a PEG ratio of 0.81 and a beta of 0.77. The stock’s fifty day moving average is $26.31 and its 200 day moving average is $22.32. Corporacion America Airports has a 52 week low of $15.01 and a 52 week high of $30.50. 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 issued its quarterly earnings results on Monday, November 24th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.19). Corporacion America Airports had a return on equity of 11.64% and a net margin of 9.39%.The firm had revenue of $532.10 million for the quarter, compared to the consensus estimate of $492.00 million. During the same period last year, the company posted $0.09 EPS. Sell-side analysts forecast that Corporacion America Airports will post 0.95 earnings per share for the current fiscal year.

Institutional Trading of Corporacion America Airports

Institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets raised its position in Corporacion America Airports by 673.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 494,703 shares of the company’s stock worth $8,964,000 after purchasing an additional 430,726 shares during the last quarter. Helikon Investments Ltd increased its stake in shares of Corporacion America Airports by 0.7% in the third quarter. Helikon Investments Ltd now owns 13,430,445 shares of the company’s stock valued at $243,360,000 after buying an additional 87,893 shares during the period. LRT Capital Management LLC raised its position in shares of Corporacion America Airports by 67.2% during the third quarter. LRT Capital Management LLC now owns 195,885 shares of the company’s stock worth $3,549,000 after acquiring an additional 78,699 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of Corporacion America Airports by 110.6% in the third quarter. Qube Research & Technologies Ltd now owns 136,973 shares of the company’s stock worth $2,482,000 after acquiring an additional 71,922 shares during the period. Finally, UBS Group AG boosted its holdings in Corporacion America Airports by 207.1% in the fourth quarter. UBS Group AG now owns 98,036 shares of the company’s stock valued at $2,549,000 after acquiring an additional 66,113 shares during the last quarter. 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.