Corporacion America Airports S.A. (NYSE:CAAP) Receives $26.60 Average Price Target from Analysts

Shares of Corporacion America Airports S.A. (NYSE:CAAP) have received an average rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $26.60.

A number of equities analysts have weighed in on the stock. 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. JPMorgan Chase & Co. upped their price target on Corporacion America Airports from $24.50 to $27.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Corporacion America Airports in a report on Monday, December 29th. Zacks Research lowered Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Finally, Wall Street Zen raised Corporacion America Airports from a “hold” rating to a “buy” rating in a report on Saturday, December 6th.

Hedge Funds Weigh In On Corporacion America Airports

Institutional investors have recently modified their holdings of the stock. Allianz SE bought a new position in shares of Corporacion America Airports during the second quarter worth $738,000. Empirical Finance LLC grew its holdings in shares of Corporacion America Airports by 56.4% in the 2nd quarter. Empirical Finance LLC now owns 139,327 shares of the company’s stock valued at $2,823,000 after buying an additional 50,215 shares during the period. Inceptionr LLC bought a new stake in shares of Corporacion America Airports in the 2nd quarter valued at $215,000. Bosun Asset Management LLC raised its stake in Corporacion America Airports by 26.2% during the 2nd quarter. Bosun Asset Management LLC now owns 41,464 shares of the company’s stock worth $840,000 after buying an additional 8,620 shares during the period. Finally, Qube Research & Technologies Ltd raised its stake in Corporacion America Airports by 328.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 65,051 shares of the company’s stock worth $1,318,000 after buying an additional 49,882 shares during the period. 12.95% of the stock is currently owned by institutional investors and hedge funds.

Corporacion America Airports Price Performance

Corporacion America Airports stock opened at $24.92 on Friday. The stock has a fifty day moving average price of $27.63 and a two-hundred day moving average price of $23.90. Corporacion America Airports has a 52-week low of $15.01 and a 52-week high of $30.50. 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 (NYSE:CAAP) last announced its earnings results on Friday, March 6th. The company reported $404.99 EPS for the quarter. Corporacion America Airports had a return on equity of 11.64% and a net margin of 9.39%.The business had revenue of ($36.63) million for the quarter. On average, equities research analysts anticipate that Corporacion America Airports will post 0.95 earnings per share for the current year.

Corporacion America Airports Company Profile

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.