Corporacion America Airports' (CAAP) "Buy (B)" Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed its "Buy (B)" rating for Corporacion America Airports (CAAP), indicating strong confidence in the stock.
• JPMorgan Chase & Co. raised its price target for CAAP shares from $24.00 to $24.50, while Wall Street Zen upgraded the stock from a "hold" to a "buy" rating, reflecting positive market sentiment.
• Despite posting a lower-than-expected earnings per share (EPS) of $0.30 for the last quarter, the company reported revenue of $476.80 million, surpassing analyst estimates.

Corporacion America Airports (NYSE:CAAP - Get Free Report)'s stock had its "buy (b)" rating reissued by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of Corporacion America Airports from $24.00 to $24.50 and gave the company an "overweight" rating in a report on Tuesday, September 16th. Wall Street Zen raised shares of Corporacion America Airports from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $23.20.

Corporacion America Airports Stock Up 0.8%

Shares of NYSE CAAP traded up $0.14 during trading hours on Wednesday, hitting $17.63. 144,306 shares of the stock were exchanged, compared to its average volume of 279,540. The company has a quick ratio of 1.47, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. Corporacion America Airports has a 12 month low of $15.01 and a 12 month high of $22.85. The company has a market cap of $2.88 billion, a PE ratio of 20.74, a PEG ratio of 0.60 and a beta of 1.44. The firm has a fifty day moving average price of $19.90 and a 200-day moving average price of $19.72.

Corporacion America Airports (NYSE:CAAP - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.17). Corporacion America Airports had a net margin of 7.53% and a return on equity of 9.06%. The company had revenue of $476.80 million for the quarter, compared to analyst estimates of $423.15 million. On average, sell-side analysts expect that Corporacion America Airports will post 0.95 EPS for the current year.

Institutional Investors Weigh In On Corporacion America Airports

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its position in shares of Corporacion America Airports by 6.6% during the fourth quarter. Bank of America Corp DE now owns 13,437 shares of the company's stock valued at $251,000 after acquiring an additional 836 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Corporacion America Airports by 9.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 933,660 shares of the company's stock valued at $17,086,000 after purchasing an additional 82,335 shares during the period. Bosun Asset Management LLC boosted its stake in shares of Corporacion America Airports by 95.7% in the first quarter. Bosun Asset Management LLC now owns 32,844 shares of the company's stock valued at $601,000 after purchasing an additional 16,058 shares during the period. LMG Wealth Partners LLC boosted its stake in shares of Corporacion America Airports by 4.0% in the first quarter. LMG Wealth Partners LLC now owns 95,184 shares of the company's stock valued at $1,742,000 after purchasing an additional 3,693 shares during the period. Finally, Trek Financial LLC purchased a new position in shares of Corporacion America Airports in the first quarter valued at approximately $333,000. 12.95% of the stock is currently owned by institutional investors and hedge funds.

Corporacion America 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.

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