Corporacion America Airports S.A. (NYSE:CAAP) Receives Average Rating of “Moderate Buy” from Brokerages

Corporacion America Airports S.A. (NYSE:CAAP) has been given an average rating of “Moderate Buy” by the eight analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $26.60.

CAAP has been the topic of a number of analyst reports. Wall Street Zen raised Corporacion America Airports from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. The Goldman Sachs Group increased their price objective on Corporacion America Airports from $25.10 to $28.50 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Jefferies Financial Group restated a “buy” rating and issued a $31.00 target price on shares of Corporacion America Airports in a report 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. Finally, JPMorgan Chase & Co. upped their price target on shares of Corporacion America Airports from $24.50 to $27.00 and gave the company an “overweight” rating in a report on Friday, January 16th.

Hedge Funds Weigh In On Corporacion America Airports

A number of hedge funds have recently modified their holdings of the company. Allianz SE purchased a new stake in shares of Corporacion America Airports during the second quarter worth about $738,000. Empirical Finance LLC grew its stake in shares of Corporacion America Airports by 56.4% in the second quarter. Empirical Finance LLC now owns 139,327 shares of the company’s stock worth $2,823,000 after purchasing an additional 50,215 shares during the last quarter. Inceptionr LLC purchased a new position in Corporacion America Airports during the 2nd quarter valued at about $215,000. Bosun Asset Management LLC increased its holdings in Corporacion America Airports by 26.2% during the 2nd quarter. Bosun Asset Management LLC now owns 41,464 shares of the company’s stock valued at $840,000 after purchasing an additional 8,620 shares during the period. Finally, Qube Research & Technologies Ltd raised its position in Corporacion America Airports by 328.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 65,051 shares of the company’s stock valued at $1,318,000 after purchasing an additional 49,882 shares during the last quarter. Hedge funds and other institutional investors own 12.95% of the company’s stock.

Corporacion America Airports Price Performance

Shares of NYSE:CAAP opened at $24.40 on Friday. The stock’s 50-day moving average price is $27.68 and its 200-day moving average price is $23.83. The company has a quick ratio of 1.51, a current ratio of 1.53 and a debt-to-equity ratio of 0.68. Corporacion America Airports has a 12-month low of $15.01 and a 12-month high of $30.50.

Corporacion America Airports (NYSE:CAAP) last released its earnings results on Friday, March 6th. The company reported $404.99 earnings per share for the quarter. The company had revenue of ($36.63) million during the quarter. Corporacion America Airports had a return on equity of 11.64% and a net margin of 9.39%. Sell-side analysts expect that Corporacion America Airports will post 0.95 EPS for the current year.

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.