Corporacion America Airports (NYSE:CAAP) Stock Price Down 2.1% – What’s Next?

Corporacion America Airports S.A. (NYSE:CAAP) shares fell 2.1% during mid-day trading on Friday . The company traded as low as $21.76 and last traded at $21.78. 121,788 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 175,583 shares. The stock had previously closed at $22.24.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CAAP. Itau BBA Securities began coverage on Corporacion America Airports in a research note on Monday, April 28th. They issued an “outperform” rating and a $20.40 target price for the company. Bank of America began coverage on Corporacion America Airports in a research note on Thursday, May 22nd. They issued a “buy” rating and a $24.70 target price for the company. Finally, JPMorgan Chase & Co. raised their target price on Corporacion America Airports from $22.50 to $24.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 2nd. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Corporacion America Airports currently has a consensus rating of “Buy” and a consensus target price of $23.03.

Corporacion America Airports Stock Down 2.5%

The business has a 50-day moving average of $20.31 and a 200-day moving average of $19.56. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.37 and a current ratio of 1.49. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 25.52, a P/E/G ratio of 0.72 and a beta of 1.37.

Corporacion America Airports (NYSE:CAAP) last issued its quarterly earnings data on Wednesday, August 20th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.17). The business had revenue of $476.80 million for the quarter, compared to analyst estimates of $423.15 million. Corporacion America Airports had a return on equity of 9.06% and a net margin of 7.53%. On average, sell-side analysts expect that Corporacion America Airports S.A. will post 0.95 EPS for the current year.

Institutional Trading of Corporacion America Airports

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its position in shares of Corporacion America Airports by 6.6% during the 4th quarter. Bank of America Corp DE now owns 13,437 shares of the company’s stock worth $251,000 after purchasing an additional 836 shares during the last quarter. Meixler Investment Management Ltd. boosted 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 acquiring an additional 1,370 shares during the period. Aberdeen Group plc boosted its holdings in Corporacion America Airports by 0.3% during the 2nd quarter. Aberdeen Group plc now owns 421,700 shares of the company’s stock valued at $8,544,000 after acquiring an additional 1,400 shares during the period. Stokes Family Office LLC boosted its holdings 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 valued at $4,539,000 after acquiring an additional 1,500 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Corporacion America Airports by 125.4% during the 4th quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company’s stock valued at $58,000 after acquiring an additional 1,726 shares during the period. 12.95% of the stock is owned by institutional investors and hedge funds.

Corporacion America Airports Company Profile

Corporación América Airports SA, through its subsidiaries, acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly known as A.C.I. Airports International S.à r.l. and changed its name to Corporación América Airports SA in September 2017.