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

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

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. cut their target price on shares of Corporacion America Airports from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, September 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Corporacion America Airports in a report on Wednesday, June 24th. Finally, Wall Street Zen lowered shares of Corporacion America Airports from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Corporacion America Airports presently has an average rating of “Moderate Buy” and a consensus price target of $29.88.

Corporacion America Airports Stock Performance

NYSE:CAAP opened at $24.06 on Monday. The company has a current ratio of 1.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $3.98 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 0.71 and a beta of 0.69. The firm has a 50-day moving average price of $24.63 and a two-hundred day moving average price of $25.24. Corporacion America Airports has a twelve month low of $17.36 and a twelve month high of $30.50.

Corporacion America Airports (NYSE:CAAP) last released its quarterly earnings results on Tuesday, August 18th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.18). Corporacion America Airports had a net margin of 13.58% and a return on equity of 16.69%. The business had revenue of $534.04 million during the quarter, compared to analyst estimates of $497.52 million. As a group, research analysts expect that Corporacion America Airports will post 2.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Corporacion America Airports

Several institutional investors and hedge funds have recently added to or reduced their stakes in CAAP. BlackRock Inc. acquired a new stake in shares of Corporacion America Airports in the second quarter worth $38,001,000. Empowered Funds LLC purchased a new position in shares of Corporacion America Airports in the 2nd quarter valued at $7,744,000. Pillsbury Lake Capital LLC acquired a new position in shares of Corporacion America Airports during the 2nd quarter valued at $7,429,989. BNP Paribas Financial Markets lifted its holdings in shares of Corporacion America Airports by 52.1% during the 4th quarter. BNP Paribas Financial Markets now owns 752,402 shares of the company’s stock valued at $19,562,000 after acquiring an additional 257,699 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in Corporacion America Airports by 30.4% during the 1st quarter. Royal Bank of Canada now owns 1,042,548 shares of the company’s stock worth $26,366,000 after purchasing an additional 243,092 shares during the period. 12.95% of the stock is currently owned by institutional investors and hedge funds.

Corporacion America Airports Company Profile

Corporación América Airports SA (NYSE: CAAP) is a private airport operator that develops, manages and operates airport concessions and related aviation infrastructure. Its activities include passenger terminal operations, airfield and runway management, cargo services, retail and commercial concessions, parking, and other services connected with airport facilities.

The company operates a geographically diversified portfolio of airports through long-term concession agreements and other operating arrangements.