JPMorgan Chase & Co. Issues Positive Forecast for Corporacion America Airports (NYSE:CAAP) Stock Price

Corporacion America Airports (NYSE:CAAP - Get Free Report) had its price objective increased by stock analysts at JPMorgan Chase & Co. from $22.50 to $24.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 14.97% from the company's previous close.

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

Corporacion America Airports Price Performance

NYSE:CAAP traded up $0.41 during mid-day trading on Wednesday, reaching $20.88. The stock had a trading volume of 75,414 shares, compared to its average volume of 175,032. The stock has a market capitalization of $3.41 billion, a P/E ratio of 24.27, a P/E/G ratio of 0.66 and a beta of 1.43. The firm has a 50 day moving average price of $20.41 and a two-hundred day moving average price of $19.25. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.37 and a current ratio of 1.39. Corporacion America Airports has a one year low of $13.97 and a one year high of $22.13.

Corporacion America Airports (NYSE:CAAP - Get Free Report) last announced its quarterly earnings data 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). Corporacion America Airports had a return on equity of 9.33% and a net margin of 7.84%. The business had revenue of $446.20 million during the quarter, compared to the consensus estimate of $418.00 million. As a group, analysts expect that Corporacion America Airports will post 0.95 earnings per share for the current year.

Institutional Investors Weigh In On Corporacion America Airports

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of Corporacion America Airports during the first quarter valued at about $50,000. BNP Paribas Financial Markets increased its holdings in Corporacion America 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 purchasing an additional 1,726 shares during the period. State of Wyoming raised its position in Corporacion America Airports by 199.0% during the 1st quarter. State of Wyoming now owns 9,002 shares of the company's stock valued at $165,000 after purchasing an additional 5,991 shares during the last quarter. Bank of America Corp DE raised its position in Corporacion America Airports by 6.6% during the 4th quarter. Bank of America Corp DE now owns 13,437 shares of the company's stock valued at $251,000 after purchasing an additional 836 shares during the last quarter. Finally, Mariner LLC purchased a new stake in Corporacion America Airports in the 4th quarter worth approximately $255,000. 12.95% of the stock is currently owned by institutional investors.

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.