Corporacion America Airports S.A. (NYSE:CAAP) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Corporacion America Airports S.A. has received a consensus rating of "Moderate Buy" from five analysts, with an average target price of $23.20 for the next 12 months.
• In its latest earnings report, the company posted $0.30 earnings per share, missing the consensus estimate of $0.47, despite reporting revenue of $476.80 million.
• A number of institutional investors have increased their holdings, with 12.95% of the company's stock now owned by hedge funds and institutional investors.

Shares of Corporacion America Airports S.A. (NYSE:CAAP - Get Free Report) have earned an average recommendation of "Moderate Buy" from the five brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $23.20.

Several research firms recently issued reports on CAAP. Weiss Ratings reiterated a "buy (b)" rating on shares of Corporacion America Airports in a report on Wednesday, October 8th. Zacks Research cut Corporacion America Airports from a "hold" rating to a "strong sell" rating in a report on Monday. JPMorgan Chase & Co. raised their target price on Corporacion America Airports from $24.00 to $24.50 and gave the stock an "overweight" rating in a report on Tuesday, September 16th. Finally, Wall Street Zen upgraded Corporacion America Airports from a "hold" rating to a "buy" rating in a report on Saturday, September 13th.

Corporacion America Airports Price Performance

Corporacion America Airports stock opened at $17.91 on Wednesday. The business's 50-day simple moving average is $19.74 and its 200 day simple moving average is $19.71. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 21.08, a P/E/G ratio of 0.62 and a beta of 1.44. Corporacion America Airports has a 12-month low of $15.01 and a 12-month high of $22.85. 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 (NYSE:CAAP - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.17). The firm had revenue of $476.80 million during the quarter, compared to the consensus estimate of $423.15 million. Corporacion America Airports had a net margin of 7.53% and a return on equity of 9.06%. As a group, research analysts anticipate that Corporacion America Airports will post 0.95 earnings per share for the current year.

Institutional Investors Weigh In On Corporacion America Airports

A number of hedge funds have recently modified their holdings of the business. Militia Capital Partners LP raised its position in shares of Corporacion America Airports by 3.3% during the second quarter. Militia Capital Partners LP now owns 163,293 shares of the company's stock worth $3,308,000 after purchasing an additional 5,250 shares during the period. BNP Paribas Financial Markets raised its position in shares of Corporacion America Airports by 200.4% during the second quarter. BNP Paribas Financial Markets now owns 63,977 shares of the company's stock worth $1,296,000 after purchasing an additional 42,681 shares during the period. PDT Partners LLC raised its position in shares of Corporacion America Airports by 63.8% during the second quarter. PDT Partners LLC now owns 48,704 shares of the company's stock worth $987,000 after purchasing an additional 18,972 shares during the period. Jane Street Group LLC acquired a new stake in shares of Corporacion America Airports during the second quarter worth about $295,000. Finally, Raymond James Financial Inc. raised its position in shares of Corporacion America Airports by 2.9% during the second quarter. Raymond James Financial Inc. now owns 68,680 shares of the company's stock worth $1,391,000 after purchasing an additional 1,943 shares during the period. Institutional investors and hedge funds 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.

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