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

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

Several other equities analysts have also recently commented on the company. Citigroup began coverage on Corporacion America Airports in a research report on Thursday, October 30th. They set a “buy” rating and a $28.00 target price for the company. Jefferies Financial Group reiterated a “buy” rating and set a $31.00 price target on shares of Corporacion America Airports in a research report on Wednesday, January 21st. Weiss Ratings restated a “buy (b)” rating on shares of Corporacion America Airports in a research report on Monday, December 29th. JPMorgan Chase & Co. lifted their target price on shares of Corporacion America Airports from $24.50 to $27.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Finally, Wall Street Zen raised shares of Corporacion America Airports from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.22.

Corporacion America Airports Price Performance

CAAP stock opened at $29.06 on Monday. The firm has a 50 day moving average of $26.01 and a 200-day moving average of $22.18. The company has a current ratio of 1.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68. Corporacion America Airports has a 12 month low of $15.01 and a 12 month high of $29.42. The firm has a market capitalization of $4.74 billion, a P/E ratio of 26.42, a price-to-earnings-growth ratio of 0.78 and a beta of 0.77.

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

Institutional Trading of Corporacion America Airports

Several hedge funds have recently added to or reduced their stakes in the business. Helikon Investments Ltd boosted its position in Corporacion America Airports by 0.7% during the third quarter. Helikon Investments Ltd now owns 13,430,445 shares of the company’s stock valued at $243,360,000 after buying an additional 87,893 shares during the period. BNP Paribas Financial Markets boosted its holdings in Corporacion America Airports by 673.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 494,703 shares of the company’s stock valued at $8,964,000 after acquiring an additional 430,726 shares during the period. Aberdeen Group plc boosted its holdings in Corporacion America Airports by 5.2% during the 3rd quarter. Aberdeen Group plc now owns 443,608 shares of the company’s stock valued at $8,167,000 after acquiring an additional 21,908 shares during the period. Stokes Family Office LLC grew its position in Corporacion America Airports by 0.7% during the 2nd 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, LRT Capital Management LLC increased its stake in Corporacion America Airports by 67.2% in the 3rd quarter. LRT Capital Management LLC now owns 195,885 shares of the company’s stock worth $3,549,000 after purchasing an additional 78,699 shares during the period. 12.95% of the stock is owned by institutional investors.

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.