Corporacion America Airports S.A. (NYSE:CAAP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Corporacion America Airports S.A. (NYSE:CAAP) has been assigned an average rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $24.40.

A number of research firms recently commented on CAAP. JPMorgan Chase & Co. increased their price target on Corporacion America Airports from $24.00 to $24.50 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Weiss Ratings restated a “buy (b)” rating on shares of Corporacion America Airports in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Corporacion America Airports from a “buy” rating to a “hold” rating in a research report on Saturday. Citigroup started coverage on shares of Corporacion America Airports in a research report on Thursday, October 30th. They issued a “buy” rating and a $28.00 price objective for the company. Finally, Zacks Research lowered shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th.

Corporacion America Airports Trading Up 0.0%

Shares of Corporacion America Airports stock opened at $21.92 on Friday. Corporacion America Airports has a 12-month low of $15.01 and a 12-month high of $22.85. The stock has a market capitalization of $3.58 billion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 0.76 and a beta of 1.38. The company has a 50-day simple moving average of $19.38 and a 200 day simple moving average of $20.05. The company has a quick ratio of 1.47, a current ratio of 1.49 and a debt-to-equity ratio of 0.66.

Corporacion America Airports (NYSE:CAAP) last released its quarterly earnings results on Wednesday, August 20th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.17). The firm had revenue of $476.80 million during the quarter, compared to analyst estimates of $423.15 million. Corporacion America Airports had a net margin of 7.53% and a return on equity of 9.06%. Research analysts expect that Corporacion America Airports will post 0.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. LMG Wealth Partners LLC raised its position in shares of Corporacion America Airports by 4.0% during the first quarter. LMG Wealth Partners LLC now owns 95,184 shares of the company’s stock worth $1,742,000 after acquiring an additional 3,693 shares during the last quarter. Ping Capital Management Inc. increased its position in Corporacion America Airports by 17.2% in the first quarter. Ping Capital Management Inc. now owns 34,000 shares of the company’s stock worth $622,000 after purchasing an additional 5,000 shares during the period. Formidable Asset Management LLC acquired a new stake in Corporacion America Airports in the first quarter worth about $377,000. Empirical Finance LLC bought a new stake in Corporacion America Airports during the 1st quarter worth about $1,631,000. Finally, Malaga Cove Capital LLC lifted its position in Corporacion America Airports by 4.1% during the 1st quarter. Malaga Cove Capital LLC now owns 47,862 shares of the company’s stock valued at $876,000 after purchasing an additional 1,901 shares during the period. 12.95% of the stock is currently owned by institutional investors.

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.