Corporacion America Airports S.A. (NYSE:CAAP) Stock Now Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Analyst consensus is “Moderate Buy”: Four of six analysts rate CAAP a buy, while one rates it a hold and one a sell. The average 12-month price target is $29.88 versus the reported opening price of $26.01.
• Recent analyst views were mixed: JPMorgan maintained an overweight rating but lowered its price target to $32, while Zacks downgraded the stock to “strong sell” and Wall Street Zen cut its rating to hold.
• Quarterly results were mixed: CAAP reported $0.32 in EPS, below the $0.50 consensus estimate, but revenue of $534.04 million exceeded expectations. The company also paid a $0.91-per-share dividend, with a 50.56% payout ratio.

Corporacion America Airports S.A. (NYSE:CAAP - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $29.88.

A number of equities analysts recently weighed in on CAAP shares. Wall Street Zen cut Corporacion America Airports from a "buy" rating to a "hold" rating in a report on Saturday, August 29th. JPMorgan Chase & Co. reduced their target price on Corporacion America Airports from $33.00 to $32.00 and set an "overweight" rating for the company in a research note on Friday, September 18th. Weiss Ratings reiterated a "buy (b)" rating on shares of Corporacion America Airports in a research report on Monday, September 21st. Finally, Zacks Research cut shares of Corporacion America Airports from a "hold" rating to a "strong sell" rating in a research note on Monday, September 21st.

Corporacion America Airports Stock Performance

CAAP opened at $26.01 on Wednesday. Corporacion America Airports has a 52-week low of $17.36 and a 52-week high of $30.50. The company has a quick ratio of 1.48, a current ratio of 1.51 and a debt-to-equity ratio of 0.48. The company has a market cap of $4.30 billion, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 0.77 and a beta of 0.69. The firm's 50-day moving average price is $24.61 and its 200-day moving average price is $25.20.

Corporacion America Airports (NYSE:CAAP - Get Free Report) last released its earnings results on Tuesday, August 18th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.18). The firm had revenue of $534.04 million during the quarter, compared to analyst estimates 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, equities analysts anticipate that Corporacion America Airports will post 2.04 EPS for the current fiscal year.

Corporacion America Airports Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, September 10th. Shareholders 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 is presently 50.56%.

Institutional Investors Weigh In On Corporacion America Airports

A number of hedge funds have recently modified their holdings of the business. State of Wyoming purchased a new position in Corporacion America Airports during the second quarter worth about $72,000. Amundi acquired a new position in Corporacion America Airports during the second quarter worth $216,000. Invst LLC acquired a new position in Corporacion America Airports during the 2nd quarter worth about $255,000. Valeo Financial Advisors LLC acquired a new stake in shares of Corporacion America Airports during the second quarter worth about $282,000. Finally, GSA Capital Partners LLP acquired a new stake in Corporacion America Airports during the 2nd quarter worth approximately $509,000. 12.95% of the stock is currently owned by institutional investors and hedge funds.

Corporacion America Airports Company Profile

Corporación América Airports SA NYSE: CAAP is a private airport operator that develops, manages and operates airport concessions and related aviation infrastructure. Its activities include passenger terminal operations, airfield and runway management, cargo services, retail and commercial concessions, parking, and other services connected with airport facilities.

The company operates a geographically diversified portfolio of airports through long-term concession agreements and other operating arrangements.

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