Corporacion America Airports (NYSE:CAAP) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Corporacion America Airports (NYSE:CAAP) had its price objective raised by investment analysts at JPMorgan Chase & Co. from $24.50 to $27.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 3.68% from the stock’s current price.

Other analysts also recently issued reports about the company. Wall Street Zen upgraded Corporacion America Airports from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a research note on Monday, December 29th. Zacks Research downgraded shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Finally, Citigroup initiated coverage on shares of Corporacion America Airports in a report on Thursday, October 30th. They set a “buy” rating and a $28.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.03.

Corporacion America Airports Stock Performance

Shares of CAAP opened at $26.04 on Friday. The stock has a market capitalization of $4.25 billion, a P/E ratio of 23.67, a P/E/G ratio of 0.70 and a beta of 0.77. The company’s fifty day moving average is $25.20 and its two-hundred day moving average is $21.76. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.51 and a current ratio of 1.53. Corporacion America Airports has a 1 year low of $15.01 and a 1 year high of $27.76.

Corporacion America Airports (NYSE:CAAP) last posted its quarterly earnings results on Monday, November 24th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $532.10 million for the quarter, compared to analysts’ expectations of $492.00 million. During the same period in the prior year, the company earned $0.09 earnings per share. On average, sell-side analysts predict that Corporacion America Airports will post 0.95 earnings per share for the current year.

Institutional Trading of Corporacion America Airports

Several institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers increased its stake in shares of Corporacion America Airports by 10.0% during the 3rd 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. Meixler Investment Management Ltd. grew its holdings in Corporacion America Airports by 2.6% during the 2nd quarter. Meixler Investment Management Ltd. now owns 54,362 shares of the company’s stock valued at $1,101,000 after buying an additional 1,370 shares during the last quarter. Aberdeen Group plc increased its position in Corporacion America Airports by 0.3% during the second quarter. Aberdeen Group plc now owns 421,700 shares of the company’s stock worth $8,544,000 after buying an additional 1,400 shares in the last quarter. Stokes Family Office LLC raised its holdings in shares of Corporacion America Airports by 0.7% in the second quarter. Stokes Family Office LLC now owns 224,050 shares of the company’s stock worth $4,539,000 after acquiring an additional 1,500 shares during the last quarter. Finally, HighVista Strategies LLC raised its holdings in shares of Corporacion America Airports by 3.0% in the second quarter. HighVista Strategies LLC now owns 62,000 shares of the company’s stock worth $1,256,000 after acquiring an additional 1,800 shares during the last quarter. Hedge funds and other institutional investors 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.