Brokerages Set Corporacion America Airports S.A. (NYSE:CAAP) Target Price at $26.60

Shares of Corporacion America Airports S.A. (NYSE:CAAP) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $26.60.

Several research analysts recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $31.00 target price on shares of Corporacion America Airports in a research note on Wednesday, January 21st. The Goldman Sachs Group increased their price objective on Corporacion America Airports from $25.10 to $28.50 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Zacks Research lowered Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Citigroup assumed 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 on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Corporacion America Airports in a report on Monday, December 29th.

Corporacion America Airports Stock Up 1.3%

NYSE:CAAP opened at $28.98 on Tuesday. 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 one year low of $15.01 and a one year high of $30.50. The firm’s 50 day simple moving average is $27.31 and its 200 day simple moving average is $23.17.

Corporacion America Airports (NYSE:CAAP) last released its 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 net margin of 9.39% and a return on equity of 11.64%. The company had revenue of $532.10 million for the quarter, compared to analyst estimates of $492.00 million. During the same quarter in the previous year, the firm earned $0.09 EPS. On average, equities analysts anticipate that Corporacion America Airports will post 0.95 EPS for the current fiscal year.

Institutional Investors Weigh In On Corporacion America Airports

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mackenzie Financial Corp lifted its position in Corporacion America Airports by 13.3% during the fourth quarter. Mackenzie Financial Corp now owns 25,288 shares of the company’s stock valued at $663,000 after purchasing an additional 2,972 shares during the period. Boothbay Fund Management LLC purchased a new stake in Corporacion America Airports during the 4th quarter valued at $239,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Corporacion America Airports during the 4th quarter valued at $551,000. Lazard Asset Management LLC bought a new position in shares of Corporacion America Airports during the 4th quarter valued at $1,845,000. Finally, State of Wisconsin Investment Board purchased a new position in shares of Corporacion America Airports in the 4th quarter worth $426,000. 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.