Corporacion America Airports S.A. (NYSE:CAAP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Corporacion America Airports S.A. (NYSE:CAAP) has earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $24.40.

CAAP has been the subject of several research analyst reports. Citigroup initiated coverage on shares of Corporacion America Airports in a research report on Thursday, October 30th. They set a “buy” rating and a $28.00 price target for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a research report on Monday, December 22nd. JPMorgan Chase & Co. lifted their target price on Corporacion America Airports from $24.00 to $24.50 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Zacks Research lowered Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Finally, Wall Street Zen upgraded Corporacion America Airports from a “hold” rating to a “buy” rating in a report on Saturday, December 6th.

Corporacion America Airports Price Performance

Shares of NYSE:CAAP opened at $26.16 on Monday. The company has a market cap of $4.27 billion, a P/E ratio of 23.78, a P/E/G ratio of 0.91 and a beta of 0.81. The business has a fifty day simple moving average of $23.46 and a 200-day simple moving average of $21.07. Corporacion America Airports has a 52 week low of $15.01 and a 52 week high of $26.97. 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). Corporacion America Airports had a return on equity of 11.64% and a net margin of 9.39%.The business had revenue of $532.10 million during the quarter, compared to analyst estimates of $492.00 million. During the same period in the previous year, the business posted $0.09 earnings per share. Equities research analysts forecast that Corporacion America Airports will post 0.95 EPS for the current year.

Institutional Investors Weigh In On Corporacion America Airports

Several large investors have recently made changes to their positions in CAAP. Aquatic Capital Management LLC acquired a new position in shares of Corporacion America Airports during the 3rd quarter valued at $88,000. Quarry LP purchased a new position in Corporacion America Airports in the third quarter valued at about $108,000. Rhumbline Advisers lifted its stake in shares of Corporacion America Airports by 10.0% during the third quarter. Rhumbline Advisers now owns 6,600 shares of the company’s stock worth $120,000 after purchasing an additional 600 shares in the last quarter. State of Wyoming boosted its position in shares of Corporacion America Airports by 199.0% in the first quarter. State of Wyoming now owns 9,002 shares of the company’s stock worth $165,000 after buying an additional 5,991 shares during the period. Finally, Centiva Capital LP purchased a new stake in shares of Corporacion America Airports in the third quarter worth about $214,000. Institutional investors and hedge funds own 12.95% of the company’s stock.

About Corporacion America Airports

Corporación América Airports SA operates as a global airport infrastructure and services company, specializing in the development, acquisition and management of airport concessions. Headquartered in Buenos Aires, Argentina, the firm oversees long-term agreements that cover the planning, design, financing and ongoing operation of airport facilities. Its integrated approach aims to enhance operational efficiency and passenger experience through modernized terminals and streamlined processes.

The company’s core activities encompass passenger handling, cargo operations and ancillary services such as retail concessions, food and beverage outlets, ground handling, fueling and airport parking.