Brokerages Set Corporacion America Airports S.A. (NYSE:CAAP) PT at $30.13

Shares of Corporacion America Airports S.A. (NYSE:CAAP) have received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $30.1250.

A number of analysts have recently issued reports on CAAP shares. 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. Zacks Research downgraded shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a report on Thursday, June 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Corporacion America Airports in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their target price on shares of Corporacion America Airports from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, June 15th.

Corporacion America Airports Price Performance

NYSE CAAP opened at $25.56 on Monday. 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 $4.22 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 0.71 and a beta of 0.68. The firm’s 50 day moving average is $25.69 and its 200-day moving average is $26.40.

Corporacion America Airports (NYSE:CAAP) last posted its quarterly earnings data on Thursday, May 14th. 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 2.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Corporacion America Airports

Institutional investors have recently modified their holdings of the business. Helikon Investments Ltd raised its stake in Corporacion America Airports by 1.0% in the fourth quarter. Helikon Investments Ltd now owns 13,565,960 shares of the company’s stock valued at $352,715,000 after purchasing an additional 135,515 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Corporacion America Airports by 2.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,271,822 shares of the company’s stock valued at $33,067,000 after purchasing an additional 29,590 shares in the last quarter. Royal Bank of Canada raised its stake in Corporacion America Airports by 30.4% in the first quarter. Royal Bank of Canada now owns 1,042,548 shares of the company’s stock valued at $26,366,000 after purchasing an additional 243,092 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Corporacion America Airports by 52.1% in the fourth quarter. BNP Paribas Financial Markets now owns 752,402 shares of the company’s stock valued at $19,562,000 after purchasing an additional 257,699 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Corporacion America Airports by 5.3% in the fourth quarter. JPMorgan Chase & Co. now owns 650,757 shares of the company’s stock valued at $16,920,000 after purchasing an additional 32,652 shares in the last quarter. Institutional investors own 12.95% of the company’s stock.

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.