Corporación América Airports (NYSE:CAAP) Now Covered by Analysts at Bank of America

Stock analysts at Bank of America started coverage on shares of Corporación América Airports (NYSE:CAAP - Get Free Report) in a research report issued to clients and investors on Thursday, Marketbeat reports. The firm set a "buy" rating and a $24.70 price target on the stock. Bank of America's price objective suggests a potential upside of 17.31% from the company's previous close.

CAAP has been the topic of a number of other research reports. Itau BBA Securities assumed coverage on shares of Corporación América Airports in a research report on Monday, April 28th. They set an "outperform" rating and a $20.40 price target on the stock. JPMorgan Chase & Co. began coverage on Corporación América Airports in a research report on Friday, March 14th. They set an "overweight" rating and a $22.50 target price on the stock.

Corporación América Airports Trading Down 0.6%

Shares of CAAP stock traded down $0.13 on Thursday, hitting $21.06. The company had a trading volume of 61,907 shares, compared to its average volume of 215,194. The stock's 50-day moving average is $19.12 and its two-hundred day moving average is $19.07. Corporación América Airports has a twelve month low of $13.97 and a twelve month high of $22.13. The firm has a market cap of $3.44 billion, a P/E ratio of 9.75 and a beta of 1.44. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 1.29.

Corporación América Airports (NYSE:CAAP - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.26). Corporación América Airports had a return on equity of 28.13% and a net margin of 20.78%. The firm had revenue of $446.20 million during the quarter, compared to analyst estimates of $418.00 million. On average, equities research analysts anticipate that Corporación América Airports will post 0.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in shares of Corporación América Airports during the first quarter valued at about $50,000. BNP Paribas Financial Markets raised its stake 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 worth $58,000 after buying an additional 1,726 shares during the period. State of Wyoming boosted its holdings in Corporación América Airports by 199.0% in the first quarter. State of Wyoming now owns 9,002 shares of the company's stock worth $165,000 after acquiring an additional 5,991 shares in the last quarter. Sage Investment Counsel LLC acquired a new stake in Corporación América Airports in the fourth quarter valued at approximately $187,000. Finally, Verity Asset Management Inc. acquired a new stake in Corporación América Airports in the fourth quarter valued at approximately $245,000. 12.95% of the stock is owned by institutional investors.

About Corporación América Airports

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.