Brokerages Set Corporacion America Airports S.A. (NYSE:CAAP) PT at $30.12

Corporacion America Airports S.A. (NYSE:CAAP) has earned an average rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $30.1250.

A number of research firms have commented on CAAP. Weiss Ratings reiterated a “buy (b)” rating on shares of Corporacion America Airports in a research note on Wednesday, June 24th. Wall Street Zen downgraded shares of Corporacion America Airports from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. upped their target price on shares of Corporacion America Airports from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, June 15th. Finally, Zacks Research raised shares of Corporacion America Airports from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th.

Corporacion America Airports Price Performance

CAAP stock opened at $24.84 on Friday. The stock’s 50 day moving average is $25.61 and its two-hundred day moving average is $26.33. Corporacion America Airports has a 52-week low of $17.36 and a 52-week high of $30.50. The company has a market capitalization of $4.10 billion, a PE ratio of 14.11, a P/E/G ratio of 0.68 and a beta of 0.69. The company has a quick ratio of 1.38, a current ratio of 1.40 and a debt-to-equity ratio of 0.50.

Corporacion America Airports (NYSE:CAAP) last released its earnings results on Thursday, May 14th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.04). The business had revenue of $537.62 million for the quarter, compared to analysts’ expectations of $470.63 million. Corporacion America Airports had a net margin of 13.79% and a return on equity of 17.40%. Analysts predict that Corporacion America Airports will post 2.2 earnings per share for the current fiscal year.

Institutional Trading of Corporacion America Airports

Several institutional investors and hedge funds have recently bought and sold shares of the company. Qube Research & Technologies Ltd grew its position in shares of Corporacion America Airports by 328.8% in the 2nd quarter. Qube Research & Technologies Ltd now owns 65,051 shares of the company’s stock worth $1,318,000 after acquiring an additional 49,882 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Corporacion America Airports by 49.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 63,613 shares of the company’s stock valued at $1,289,000 after acquiring an additional 21,052 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of Corporacion America Airports by 2.9% during the 2nd quarter. Raymond James Financial Inc. now owns 68,680 shares of the company’s stock valued at $1,391,000 after acquiring an additional 1,943 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Corporacion America Airports during the 2nd quarter valued at approximately $295,000. Finally, PDT Partners LLC lifted its stake in Corporacion America Airports by 63.8% during the second quarter. PDT Partners LLC now owns 48,704 shares of the company’s stock worth $987,000 after purchasing an additional 18,972 shares during the last quarter. 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.