Corporacion America Airports S.A. (NYSE:CAAP) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts rate CAAP a “Moderate Buy”: Four of six brokerages recommend buying the stock, while two rate it a hold. The average 12-month price target is $30.13, above the reported $24.39 share price.
• Corporacion America Airports reported quarterly EPS of $0.32, missing the $0.50 consensus estimate, but revenue of $534.04 million exceeded forecasts of $497.52 million.
• The company declared a $0.91-per-share dividend, payable September 10 to shareholders of record August 31; its payout ratio is 50.56%.

Corporacion America Airports S.A. (NYSE:CAAP - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $30.1250.

Several equities analysts have recently issued reports on CAAP shares. Weiss Ratings reissued a "buy (b)" rating on shares of Corporacion America Airports in a report on Wednesday, June 24th. JPMorgan Chase & Co. lifted their target price on Corporacion America Airports from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Monday, June 15th. Wall Street Zen cut shares of Corporacion America Airports from a "buy" rating to a "hold" rating in a report on Saturday, August 29th. Finally, Zacks Research raised Corporacion America Airports from a "strong sell" rating to a "hold" rating in a report on Monday, July 6th.

Corporacion America Airports Stock Up 0.7%

Shares of NYSE:CAAP opened at $24.39 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.51 and a debt-to-equity ratio of 0.48. Corporacion America Airports has a 12 month low of $17.36 and a 12 month high of $30.50. The firm has a market cap of $4.03 billion, a P/E ratio of 13.70, a P/E/G ratio of 0.66 and a beta of 0.69. The company's 50-day moving average price is $24.85 and its two-hundred day moving average price is $25.61.

Corporacion America Airports (NYSE:CAAP - Get Free Report) last announced its quarterly earnings data on Tuesday, August 18th. The company reported $0.32 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 firm had revenue of $534.04 million during the quarter, compared to analyst estimates of $497.52 million. As a group, research analysts forecast that Corporacion America Airports will post 2.2 EPS for the current fiscal year.

Corporacion America Airports Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.91 per share. The ex-dividend date is Monday, August 31st. Corporacion America Airports's payout ratio is 50.56%.

Institutional Trading of Corporacion America Airports

A number of large investors have recently bought and sold shares of the business. Leonteq Securities AG bought a new stake in Corporacion America Airports in the fourth quarter valued at $65,000. State of Wyoming purchased a new position in Corporacion America Airports in the second quarter valued at approximately $72,000. Van ECK Associates Corp raised its position in shares of Corporacion America Airports by 119.4% in the fourth quarter. Van ECK Associates Corp now owns 2,808 shares of the company's stock valued at $73,000 after purchasing an additional 1,528 shares during the period. Aquatic Capital Management LLC purchased a new position in Corporacion America Airports during the third quarter valued at approximately $88,000. Finally, Quarry LP bought a new position in shares of Corporacion America Airports in the third quarter worth approximately $108,000. 12.95% of the stock is currently owned by institutional investors and hedge funds.

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.

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