Corporacion America Airports (NYSE:CAAP) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Corporacion America Airports (NYSE:CAAP - Get Free Report) had its target price raised by analysts at JPMorgan Chase & Co. from $22.50 to $24.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 17.35% from the company's previous close.

Several other research analysts have also commented on the company. Itau BBA Securities began coverage on Corporacion America Airports in a report on Monday, April 28th. They set an "outperform" rating and a $20.40 price target on the stock. Bank of America started coverage on shares of Corporacion America Airports in a report on Thursday, May 22nd. They issued a "buy" rating and a $24.70 price objective on the stock.

Corporacion America Airports Stock Performance

Shares of CAAP stock traded up $0.28 on Wednesday, hitting $20.45. The company had a trading volume of 96,242 shares, compared to its average volume of 175,063. The company has a quick ratio of 1.37, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. Corporacion America Airports has a twelve month low of $13.97 and a twelve month high of $22.13. The company has a 50-day moving average price of $20.31 and a 200-day moving average price of $19.24. The firm has a market cap of $3.34 billion, a P/E ratio of 23.78, a price-to-earnings-growth ratio of 0.64 and a beta of 1.43.

Corporacion America Airports (NYSE:CAAP - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.26). The business had revenue of $446.20 million for the quarter, compared to analyst estimates of $418.00 million. Corporacion America Airports had a return on equity of 9.33% and a net margin of 7.84%. As a group, equities research analysts predict that Corporacion America Airports will post 0.95 earnings per share for the current fiscal year.

Institutional Trading of Corporacion America Airports

Large investors have recently modified their holdings of the stock. Helikon Investments Ltd grew its position in shares of Corporacion America Airports by 92.3% in the 1st quarter. Helikon Investments Ltd now owns 13,622,399 shares of the company's stock valued at $249,290,000 after buying an additional 6,537,641 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Corporacion America Airports by 111.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 851,325 shares of the company's stock worth $15,886,000 after buying an additional 448,298 shares during the period. Royal Bank of Canada boosted its holdings in shares of Corporacion America Airports by 48.3% in the fourth quarter. Royal Bank of Canada now owns 887,485 shares of the company's stock valued at $16,561,000 after acquiring an additional 288,948 shares during the period. Millennium Management LLC increased its stake in Corporacion America Airports by 899.4% in the fourth quarter. Millennium Management LLC now owns 220,076 shares of the company's stock valued at $4,107,000 after purchasing an additional 198,056 shares during the period. Finally, Fourth Sail Capital LP boosted its stake in shares of Corporacion America Airports by 9.0% during the first quarter. Fourth Sail Capital LP now owns 1,584,784 shares of the company's stock worth $29,002,000 after buying an additional 130,702 shares during the period. Hedge funds and other institutional investors own 12.95% of the company's stock.

About Corporacion America 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.