Corporacion America Airports (NYSE:CAAP) Raised to “Buy” at Wall Street Zen

Corporacion America Airports (NYSE:CAAP) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

CAAP has been the topic of a number of other research reports. Zacks Research cut Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. JPMorgan Chase & Co. raised their target price on shares of Corporacion America Airports from $24.00 to $24.50 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a report on Tuesday. Finally, Citigroup assumed coverage on shares of Corporacion America Airports in a research note on Thursday, October 30th. They issued a “buy” rating and a $28.00 price objective on the stock. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.40.

Corporacion America Airports Stock Performance

NYSE CAAP opened at $25.61 on Friday. The firm has a 50-day moving average price of $21.10 and a two-hundred day moving average price of $20.55. Corporacion America Airports has a 12-month low of $15.01 and a 12-month high of $26.97. The company has a market capitalization of $4.18 billion, a P/E ratio of 23.28, a P/E/G ratio of 0.91 and a beta of 0.81. The company has a quick ratio of 1.51, a current ratio of 1.53 and a debt-to-equity ratio of 0.68.

Corporacion America Airports (NYSE:CAAP) last issued its quarterly earnings results on Monday, November 24th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.19). The company had revenue of $532.10 million for the quarter, compared to analyst estimates of $492.00 million. Corporacion America Airports had a return on equity of 11.64% and a net margin of 9.39%.During the same period in the prior year, the company earned $0.09 EPS. Analysts anticipate that Corporacion America Airports will post 0.95 earnings per share for the current year.

Institutional Trading of Corporacion America Airports

A number of hedge funds have recently added to or reduced their stakes in CAAP. Allianz SE bought a new position in shares of Corporacion America Airports in the 2nd quarter valued at $738,000. Empirical Finance LLC increased its holdings in Corporacion America Airports by 56.4% in the 2nd quarter. Empirical Finance LLC now owns 139,327 shares of the company’s stock worth $2,823,000 after purchasing an additional 50,215 shares in the last quarter. Inceptionr LLC bought a new position in Corporacion America Airports in the second quarter valued at about $215,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Corporacion America Airports by 9.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 933,660 shares of the company’s stock worth $17,086,000 after purchasing an additional 82,335 shares during the last quarter. Finally, Yorktown Management & Research Co Inc acquired a new position in shares of Corporacion America Airports in the second quarter valued at approximately $276,000. Institutional investors and hedge funds own 12.95% of the company’s stock.

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.