Corporacion America Airports (NYSE:CAAP - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.
A number of other brokerages have also recently weighed in on CAAP. JPMorgan Chase & Co. boosted their price objective on shares of Corporacion America Airports from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Monday, June 15th. Zacks Research upgraded shares of Corporacion America Airports from a "strong sell" rating to a "hold" rating in a research note on Monday, July 6th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Corporacion America Airports in a report on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Corporacion America Airports has an average rating of "Moderate Buy" and a consensus price target of $30.12.
Check Out Our Latest Report on Corporacion America Airports
Corporacion America Airports Stock Down 0.1%
Shares of CAAP stock opened at $24.16 on Friday. The stock's 50 day simple moving average is $25.07 and its 200 day simple moving average is $25.79. Corporacion America Airports has a twelve month low of $17.36 and a twelve month 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 company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 0.66 and a beta of 0.70.
Corporacion America Airports (NYSE:CAAP - Get Free Report) last announced its earnings results on Tuesday, August 18th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.18). Corporacion America Airports had a return on equity of 16.69% and a net margin of 13.58%.The company had revenue of $534.04 million for the quarter, compared to the consensus estimate of $497.52 million. As a group, research analysts predict that Corporacion America Airports will post 2.2 EPS for the current year.
Institutional Trading of Corporacion America Airports
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Amundi bought a new position in shares of Corporacion America Airports during the 2nd quarter worth about $216,000. Empowered Funds LLC bought a new stake in shares of Corporacion America Airports in the second quarter valued at about $7,744,000. Pillsbury Lake Capital LLC acquired a new stake in Corporacion America Airports during the second quarter worth about $7,429,989. Bank of America Corp DE acquired a new stake in Corporacion America Airports during the second quarter worth about $769,000. Finally, Invst LLC acquired a new stake in Corporacion America Airports during the second quarter worth about $255,000. 12.95% of the stock is currently owned by institutional investors and hedge funds.
About Corporacion America Airports
(
Get Free Report)
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.
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