Corporacion America Airports S.A. (NYSE:CAAP) Stock Now Rated “Hold” by Wall Street Analysts

Shares of Corporacion America Airports S.A. (NYSE:CAAP) have earned a consensus recommendation of “Hold” from the five analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $30.50.

CAAP has been the topic of a number of research reports. 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. Zacks Research cut Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research note on Monday, September 21st. JPMorgan Chase & Co. reduced their price objective on Corporacion America Airports from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, September 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Corporacion America Airports in a report on Monday, September 21st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CAAP. Sage Investment Counsel LLC lifted its stake in shares of Corporacion America Airports by 8.1% during the 3rd quarter. Sage Investment Counsel LLC now owns 13,400 shares of the company’s stock worth $341,000 after purchasing an additional 1,000 shares during the last quarter. Amundi purchased a new stake in shares of Corporacion America Airports during the 2nd quarter valued at $216,000. Empowered Funds LLC acquired a new position in Corporacion America Airports during the 2nd quarter valued at about $7,744,000. Pillsbury Lake Capital LLC purchased a new stake in Corporacion America Airports in the second quarter valued at about $7,429,989. Finally, Bank of America Corp DE acquired a new stake in Corporacion America Airports in the second quarter worth about $769,000. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

Corporacion America Airports Price Performance

Shares of CAAP stock opened at $23.74 on Friday. The stock has a 50 day moving average price of $24.37 and a 200 day moving average price of $25.67. Corporacion America Airports has a 52-week low of $21.53 and a 52-week high of $30.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.48 and a current ratio of 1.51. The firm has a market capitalization of $3.92 billion, a P/E ratio of 13.34, a P/E/G ratio of 0.70 and a beta of 0.69.

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

Corporacion America Airports Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 31st were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, August 31st. Corporacion America Airports’s dividend payout ratio (DPR) is presently 51.12%.

Corporacion America Airports Company Profile

Corporación América Airports SA (NYSE: CAAP) is a private-sector airport operator that develops and manages airport concessions and related infrastructure. Its activities include airport operations, passenger and aircraft services, terminal management, parking, retail, advertising, and other commercial services connected with air travel.

The company serves international and domestic air transportation markets across Latin America and Europe. Its airport portfolio has included operations in Argentina, Armenia, Brazil, Ecuador, Italy, and Uruguay, with assets ranging from major international gateways to regional airports.