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

Shares of Corporacion America Airports S.A. (NYSE:CAAP) have been given an average rating of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $30.1250.

A number of brokerages have commented on CAAP. Wall Street Zen downgraded shares of Corporacion America Airports from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Zacks Research upgraded shares of Corporacion America Airports from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Corporacion America Airports in a report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. increased their price objective on Corporacion America Airports from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, June 15th.

Corporacion America Airports Price Performance

Shares of NYSE CAAP opened at $24.75 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.40 and a quick ratio of 1.38. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 0.67 and a beta of 0.69. The stock’s 50-day moving average is $25.59 and its two-hundred day moving average is $26.30. Corporacion America Airports has a 1-year low of $17.36 and a 1-year high of $30.50.

Corporacion America Airports (NYSE:CAAP) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.04). The company had revenue of $537.62 million during the quarter, compared to analysts’ expectations 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 EPS for the current fiscal year.

Institutional Investors Weigh In On Corporacion America Airports

Several hedge funds have recently modified their holdings of CAAP. Leonteq Securities AG purchased a new stake in shares of Corporacion America Airports in the fourth quarter valued at about $65,000. Van ECK Associates Corp boosted its holdings in Corporacion America Airports by 119.4% in the 4th quarter. Van ECK Associates Corp now owns 2,808 shares of the company’s stock valued at $73,000 after purchasing an additional 1,528 shares in the last quarter. Aquatic Capital Management LLC purchased a new stake in Corporacion America Airports in the 3rd quarter valued at approximately $88,000. Quarry LP acquired a new position in Corporacion America Airports during the 3rd quarter worth approximately $108,000. Finally, Federation des caisses Desjardins du Quebec increased its position in Corporacion America Airports by 15.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 5,980 shares of the company’s stock worth $155,000 after purchasing an additional 782 shares during the period. 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.