Corporacion America Airports S.A. (NYSE:CAAP) Given Average Rating of “Moderate Buy” by Analysts

Corporacion America Airports S.A. (NYSE:CAAP) has been given a consensus rating of “Moderate Buy” by the six analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $30.1250.

Several equities analysts recently weighed in on the stock. Zacks Research lowered shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a report on Thursday, June 4th. Weiss Ratings restated a “buy (b)” rating on shares of Corporacion America Airports in a report on Friday, March 27th. Wall Street Zen lowered shares of Corporacion America Airports from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Corporacion America Airports from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, June 15th.

Corporacion America Airports Stock Down 0.1%

Shares of CAAP opened at $27.52 on Monday. The firm has a market cap of $4.55 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 0.75 and a beta of 0.68. The company’s fifty day moving average is $25.76 and its two-hundred day moving average is $26.40. Corporacion America Airports has a fifty-two week low of $17.36 and a fifty-two week high of $30.50. The company has a quick ratio of 1.38, a current ratio of 1.40 and a debt-to-equity ratio of 0.50.

Corporacion America Airports (NYSE:CAAP) last posted its earnings results on Thursday, May 14th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.04). The business had revenue of $537.62 million for the quarter, compared to analyst estimates of $470.63 million. Corporacion America Airports had a net margin of 13.79% and a return on equity of 17.40%. Analysts forecast that Corporacion America Airports will post 2.2 earnings per share for the current year.

Hedge Funds Weigh In On Corporacion America Airports

A number of institutional investors have recently added to or reduced their stakes in CAAP. Qube Research & Technologies Ltd lifted its holdings in Corporacion America Airports by 328.8% in the 2nd quarter. Qube Research & Technologies Ltd now owns 65,051 shares of the company’s stock worth $1,318,000 after buying an additional 49,882 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Corporacion America Airports by 49.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 63,613 shares of the company’s stock worth $1,289,000 after purchasing an additional 21,052 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Corporacion America Airports by 2.9% in the 2nd quarter. Raymond James Financial Inc. now owns 68,680 shares of the company’s stock worth $1,391,000 after purchasing an additional 1,943 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Corporacion America Airports in the 2nd quarter worth about $295,000. Finally, PDT Partners LLC increased its position in shares of Corporacion America Airports by 63.8% in the 2nd quarter. PDT Partners LLC now owns 48,704 shares of the company’s stock worth $987,000 after purchasing an additional 18,972 shares during the last quarter. Institutional investors and hedge funds 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.