Corporacion America Airports (NYSE:CAAP) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Corporacion America Airports (NYSE:CAAP) from a strong sell rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

A number of other equities research analysts have also recently commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Corporacion America Airports in a report on Wednesday, June 24th. Wall Street Zen cut shares of Corporacion America Airports from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, JPMorgan Chase & Co. raised their price objective on Corporacion America Airports from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, June 15th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Corporacion America Airports has a consensus rating of “Moderate Buy” and a consensus target price of $30.12.

Corporacion America Airports Trading Down 2.1%

NYSE:CAAP opened at $25.13 on Monday. The company has a 50 day simple moving average of $25.66 and a two-hundred day simple moving average of $26.39. The company has a market cap of $4.15 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 0.70 and a beta of 0.69. The company has a current ratio of 1.40, a quick ratio of 1.38 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.

Corporacion America Airports (NYSE:CAAP) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.04). The firm had revenue of $537.62 million for the quarter, compared to analysts’ expectations of $470.63 million. Corporacion America Airports had a net margin of 13.79% and a return on equity of 17.40%. Research analysts forecast that Corporacion America Airports will post 2.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CAAP. Leonteq Securities AG purchased a new position in Corporacion America Airports in the fourth quarter worth $65,000. Van ECK Associates Corp increased its holdings in Corporacion America Airports by 119.4% in the 4th quarter. Van ECK Associates Corp now owns 2,808 shares of the company’s stock worth $73,000 after acquiring an additional 1,528 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Corporacion America Airports in the third quarter worth about $88,000. Quarry LP purchased a new stake in shares of Corporacion America Airports in the third quarter valued at about $108,000. Finally, Rhumbline Advisers increased 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 last quarter. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

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.