Corporación América Airports (NYSE:CAAP) Now Covered by Analysts at Itau BBA Securities

Itau BBA Securities began coverage on shares of Corporación América Airports (NYSE:CAAP - Free Report) in a research report released on Monday morning, MarketBeat.com reports. The firm issued an outperform rating and a $20.40 target price on the stock.

Separately, JPMorgan Chase & Co. initiated coverage on shares of Corporación América Airports in a research report on Friday, March 14th. They issued an "overweight" rating and a $22.50 price target for the company.

Corporación América Airports Stock Down 1.2 %

Shares of NYSE CAAP traded down $0.23 on Monday, reaching $19.22. 59,883 shares of the company's stock traded hands, compared to its average volume of 178,104. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 8.90 and a beta of 1.58. The company has a quick ratio of 1.27, a current ratio of 1.29 and a debt-to-equity ratio of 0.71. The business's 50 day simple moving average is $18.18 and its two-hundred day simple moving average is $18.77. Corporación América Airports has a 12 month low of $13.97 and a 12 month high of $20.79.

Corporación América Airports (NYSE:CAAP - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.12). Corporación América Airports had a return on equity of 28.13% and a net margin of 20.78%. The firm had revenue of $461.10 million during the quarter, compared to the consensus estimate of $373.00 million. As a group, equities research analysts forecast that Corporación América Airports will post 0.95 EPS for the current fiscal year.

Institutional Investors Weigh In On Corporación América Airports

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its holdings in Corporación América Airports by 125.4% during the 4th quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company's stock valued at $58,000 after buying an additional 1,726 shares during the period. Sage Investment Counsel LLC purchased a new stake in shares of Corporación América Airports in the fourth quarter valued at $187,000. Verity Asset Management Inc. bought a new stake in shares of Corporación América Airports in the 4th quarter worth about $245,000. Bank of America Corp DE lifted its stake in Corporación América Airports by 6.6% in the fourth quarter. Bank of America Corp DE now owns 13,437 shares of the company's stock worth $251,000 after purchasing an additional 836 shares during the last quarter. Finally, Mariner LLC purchased a new stake in shares of Corporación América Airports during the fourth quarter valued at $255,000. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

Corporación América Airports Company Profile

Corporación América Airports SA, through its subsidiaries, acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly known as A.C.I. Airports International S.à r.l. and changed its name to Corporación América Airports SA in September 2017.