Corporación América Airports (NYSE:CAAP) Given New $16.80 Price Target at The Goldman Sachs Group

Corporación América Airports (NYSE:CAAP) had its price target hoisted by The Goldman Sachs Group from $8.80 to $16.80 in a research report released on Friday, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Corporación América Airports Stock Performance

CAAP opened at $13.88 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.09. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 12.97 and a beta of 1.96. The company’s 50 day moving average is $13.50 and its 200 day moving average is $11.49. Corporación América Airports has a 12-month low of $6.24 and a 12-month high of $14.89.

Institutional Investors Weigh In On Corporación América Airports

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CAAP. Goldman Sachs Group Inc. raised its stake in Corporación América Airports by 24.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,462,145 shares of the company’s stock worth $38,773,000 after acquiring an additional 1,286,918 shares during the period. Citigroup Inc. bought a new stake in Corporación América Airports during the 1st quarter worth approximately $9,244,000. BlackRock Inc. bought a new stake in Corporación América Airports during the 1st quarter worth approximately $4,986,000. JPMorgan Chase & Co. bought a new stake in Corporación América Airports during the 1st quarter worth approximately $2,296,000. Finally, State Street Corp bought a new stake in Corporación América Airports during the 1st quarter worth approximately $2,779,000. Institutional investors own 13.05% of the company’s stock.

About Corporación América Airports

Corporación América Airports SA, through its subsidiaries, acquires, develops, and operates airport concessions. It operates 53 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.