Corporacion America Airports (NYSE:CAAP) Stock Price Up 5.7% - Should You Buy?

Key Points

• CAAP shares rose 5.7% to about $25.24, though trading volume was 55% below the average session volume.
• Analyst views are mixed: the consensus remains “Moderate Buy” with a $29.88 price target, while ratings range from Strong Sell to Buy.
• The company exceeded revenue expectations but missed quarterly EPS estimates, reporting $0.32 versus $0.50 expected. It also paid a $0.91-per-share dividend, representing a 51.12% payout ratio.

Corporacion America Airports S.A. (NYSE:CAAP - Get Free Report)'s share price was up 5.7% on Monday. The stock traded as high as $25.50 and last traded at $25.2380. 105,867 shares were traded during mid-day trading, a decline of 55% from the average session volume of 234,706 shares. The stock had previously closed at $23.88.

Analyst Ratings Changes

A number of research firms recently issued reports on CAAP. Zacks Research downgraded Corporacion America Airports from a "hold" rating to a "strong sell" rating in a research note on Monday, September 21st. JPMorgan Chase & Co. lowered their target price on shares of Corporacion America Airports from $33.00 to $32.00 and set an "overweight" rating on the stock in a research report on Friday, September 18th. Wall Street Zen cut shares of Corporacion America Airports from a "buy" rating to a "hold" rating in a report on Saturday, August 29th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Corporacion America Airports in a research report on Monday, September 21st. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.88.

Corporacion America Airports Price Performance

The company has a 50-day moving average of $24.55 and a 200-day moving average of $25.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.48 and a current ratio of 1.51. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 0.70 and a beta of 0.69.

Corporacion America Airports (NYSE:CAAP - Get Free Report) last posted its quarterly earnings data on Tuesday, August 18th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.18). Corporacion America Airports had a return on equity of 16.69% and a net margin of 13.58%.The company had revenue of $534.04 million for the quarter, compared to analyst estimates of $497.52 million. As a group, equities research analysts predict that Corporacion America Airports S.A. will post 2.04 earnings per share for the current year.

Corporacion America Airports Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 31st were given a dividend of $0.91 per share. The ex-dividend date was Monday, August 31st. Corporacion America Airports's dividend payout ratio is presently 51.12%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Amundi purchased a new stake in Corporacion America Airports in the 2nd quarter valued at approximately $216,000. Empowered Funds LLC purchased a new position in shares of Corporacion America Airports during the 2nd quarter worth approximately $7,744,000. Pillsbury Lake Capital LLC purchased a new position in shares of Corporacion America Airports during the 2nd quarter worth approximately $7,429,989. Bank of America Corp DE acquired a new stake in shares of Corporacion America Airports in the 2nd quarter valued at approximately $769,000. Finally, Invst LLC acquired a new stake in shares of Corporacion America Airports in the 2nd quarter valued at approximately $255,000. 12.95% of the stock is owned by hedge funds and other institutional investors.

Corporacion America Airports Company Profile

Corporación América Airports SA NYSE: CAAP is a private airport operator that develops, manages and operates airport concessions and related aviation infrastructure. Its activities include passenger terminal operations, airfield and runway management, cargo services, retail and commercial concessions, parking, and other services connected with airport facilities.

The company operates a geographically diversified portfolio of airports through long-term concession agreements and other operating arrangements.

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