Corporacion America Airports (NYSE:CAAP) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of Corporacion America Airports (NYSE:CAAP) from a hold rating to a strong sell rating in a research report sent to investors on Monday morning,Zacks.com reports.

A number of other analysts have also recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Corporacion America Airports from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Corporacion America Airports from $24.00 to $24.50 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.20.

Corporacion America Airports Price Performance

Shares of NYSE:CAAP opened at $18.10 on Monday. The firm has a 50 day moving average of $19.69 and a 200-day moving average of $19.70. The stock has a market capitalization of $2.95 billion, a PE ratio of 21.30, a PEG ratio of 0.62 and a beta of 1.44. The company has a current ratio of 1.49, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. Corporacion America Airports has a 12 month low of $15.01 and a 12 month high of $22.85.

Corporacion America Airports (NYSE:CAAP) last issued its earnings results on Wednesday, August 20th. The company reported $0.30 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 analyst estimates of $423.15 million. Corporacion America Airports had a net margin of 7.53% and a return on equity of 9.06%. On average, equities research analysts predict that Corporacion America Airports will post 0.95 EPS for the current fiscal year.

Hedge Funds Weigh In On Corporacion America Airports

Several institutional investors and hedge funds have recently added to or reduced their stakes in CAAP. Quantbot Technologies LP acquired a new position in Corporacion America Airports in the 1st quarter valued at approximately $50,000. State of Wyoming increased its position in Corporacion America Airports by 199.0% in the 1st quarter. State of Wyoming now owns 9,002 shares of the company’s stock valued at $165,000 after acquiring an additional 5,991 shares during the period. Inceptionr LLC acquired a new position in Corporacion America Airports in the 2nd quarter valued at approximately $215,000. Yorktown Management & Research Co Inc acquired a new position in Corporacion America Airports in the 2nd quarter valued at approximately $276,000. Finally, Jane Street Group LLC acquired a new position in Corporacion America Airports in the 2nd quarter valued at approximately $295,000. 12.95% of the stock is currently owned by institutional investors and hedge funds.

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.