Corporacion America Airports (NYSE:CAAP) Lowered to “Strong Sell” Rating by Zacks Research

Corporacion America Airports (NYSE:CAAP) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other equities analysts also recently weighed in on CAAP. Wall Street Zen downgraded shares of Corporacion America Airports from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings restated a “buy (b)” rating on shares of Corporacion America Airports in a report on Friday, March 27th. Four investment 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’s stock. Based on data from MarketBeat, Corporacion America Airports presently has an average rating of “Moderate Buy” and a consensus target price of $28.63.

Corporacion America Airports Price Performance

NYSE CAAP opened at $25.31 on Thursday. 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 has a 12-month low of $17.36 and a 12-month high of $30.50. The company has a market capitalization of $4.18 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 0.69 and a beta of 0.68. The firm’s 50 day moving average is $25.50 and its 200-day moving average is $26.15.

Corporacion America Airports (NYSE:CAAP) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.04). Corporacion America Airports had a net margin of 13.79% and a return on equity of 17.40%. The business had revenue of $537.62 million during the quarter, compared to analyst estimates of $470.63 million. Equities research analysts anticipate that Corporacion America Airports will post 2.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Corporacion America Airports

A number of institutional investors have recently added to or reduced their stakes in the company. Leonteq Securities AG bought a new position in Corporacion America Airports during the fourth quarter worth $65,000. Van ECK Associates Corp boosted its position in Corporacion America Airports by 119.4% during the fourth quarter. Van ECK Associates Corp now owns 2,808 shares of the company’s stock worth $73,000 after purchasing an additional 1,528 shares during the period. Aquatic Capital Management LLC bought a new position in Corporacion America Airports during the third quarter worth $88,000. Quarry LP bought a new position in Corporacion America Airports during the third quarter worth $108,000. Finally, Rhumbline Advisers boosted its position in Corporacion America Airports by 10.0% during the third quarter. Rhumbline Advisers now owns 6,600 shares of the company’s stock worth $120,000 after purchasing an additional 600 shares during the period. 12.95% of the stock is currently owned by institutional investors and hedge funds.

About Corporacion America Airports

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.