Corporacion America Airports (NYSE:CAAP) Upgraded at Wall Street Zen

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

Several other brokerages have also weighed in on CAAP. Zacks Research lowered Corporacion America Airports from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. JPMorgan Chase & Co. upped their target price on Corporacion America Airports from $24.50 to $27.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $31.00 target price on shares of Corporacion America Airports in a research report on Wednesday, January 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Corporacion America Airports in a research note on Monday, December 29th. Finally, The Goldman Sachs Group boosted their price target on shares of Corporacion America Airports from $25.10 to $28.50 and gave the company a “neutral” rating in a report on Thursday, January 29th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Corporacion America Airports presently has an average rating of “Moderate Buy” and a consensus price target of $26.60.

Corporacion America Airports Stock Down 4.3%

NYSE CAAP opened at $24.33 on Friday. Corporacion America Airports has a twelve month low of $15.01 and a twelve month high of $30.50. The stock has a market cap of $3.97 billion, a PE ratio of 15.80, a PEG ratio of 0.63 and a beta of 0.77. The firm has a 50-day simple moving average of $27.48 and a 200 day simple moving average of $23.96. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.51 and a current ratio of 1.35.

Corporacion America Airports (NYSE:CAAP) last issued its quarterly earnings results on Friday, March 6th. The company reported $404.99 earnings per share (EPS) for the quarter. The firm had revenue of ($36.63) million for the quarter. Corporacion America Airports had a return on equity of 15.93% and a net margin of 12.59%. On average, research analysts forecast that Corporacion America Airports will post 0.95 EPS for the current year.

Hedge Funds Weigh In On Corporacion America Airports

A number of hedge funds have recently modified their holdings of the stock. Aberdeen Group plc lifted its position in shares of Corporacion America Airports by 5.2% during the 3rd quarter. Aberdeen Group plc now owns 443,608 shares of the company’s stock worth $8,167,000 after buying an additional 21,908 shares during the period. Inceptionr LLC bought a new stake in Corporacion America Airports in the second quarter valued at $215,000. Altrinsic Global Advisors LLC bought a new stake in Corporacion America Airports in the third quarter valued at $649,000. GSA Capital Partners LLP raised its stake in Corporacion America Airports by 160.5% during the third quarter. GSA Capital Partners LLP now owns 55,417 shares of the company’s stock worth $1,004,000 after acquiring an additional 34,143 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Corporacion America Airports during the third quarter worth $625,000. 12.95% of the stock is owned by institutional investors and hedge funds.

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.