Corporacion America Airports (NYSE:CAAP) Price Target Raised to $28.50 at The Goldman Sachs Group

Corporacion America Airports (NYSE:CAAP) had its target price hoisted by stock analysts at The Goldman Sachs Group from $25.10 to $28.50 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential downside of 3.68% from the stock’s current price.

A number of other brokerages also recently issued reports on CAAP. Zacks Research downgraded Corporacion America Airports from a “hold” rating to a “strong sell” rating in a report on Monday. JPMorgan Chase & Co. increased their price target on Corporacion America Airports from $24.50 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Wall Street Zen upgraded Corporacion America Airports from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Corporacion America Airports in a research report on Monday, December 29th. Finally, Citigroup assumed coverage on Corporacion America Airports in a research note on Thursday, October 30th. They set a “buy” rating and a $28.00 target price on the stock. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.60.

Corporacion America Airports Trading Up 1.6%

Shares of NYSE:CAAP traded up $0.47 on Thursday, reaching $29.59. 158,514 shares of the company traded hands, compared to its average volume of 192,222. The business’s 50-day simple moving average is $26.01 and its 200 day simple moving average is $22.18. 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 52 week low of $15.01 and a 52 week high of $29.99. The stock has a market capitalization of $4.74 billion, a P/E ratio of 26.96, a price-to-earnings-growth ratio of 0.78 and a beta of 0.77.

Corporacion America Airports (NYSE:CAAP) last issued its quarterly earnings data on Monday, November 24th. The company reported $0.34 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $532.10 million for the quarter, compared to the consensus estimate of $492.00 million. During the same period last year, the company posted $0.09 earnings per share. As a group, equities analysts anticipate that Corporacion America Airports will post 0.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers lifted its stake in Corporacion America Airports by 10.0% in the third quarter. Rhumbline Advisers now owns 6,600 shares of the company’s stock worth $120,000 after acquiring an additional 600 shares during the last quarter. Meixler Investment Management Ltd. boosted its holdings in Corporacion America Airports by 2.6% during the second quarter. Meixler Investment Management Ltd. now owns 54,362 shares of the company’s stock worth $1,101,000 after buying an additional 1,370 shares in the last quarter. Aberdeen Group plc boosted its stake in shares of Corporacion America Airports by 0.3% during the 2nd quarter. Aberdeen Group plc now owns 421,700 shares of the company’s stock worth $8,544,000 after acquiring an additional 1,400 shares in the last quarter. Stokes Family Office LLC grew its holdings in Corporacion America Airports by 0.7% in the second quarter. Stokes Family Office LLC now owns 224,050 shares of the company’s stock valued at $4,539,000 after purchasing an additional 1,500 shares during the last quarter. Finally, HighVista Strategies LLC grew its stake in Corporacion America Airports by 3.0% in the 2nd quarter. HighVista Strategies LLC now owns 62,000 shares of the company’s stock valued at $1,256,000 after acquiring an additional 1,800 shares during the last quarter. Hedge funds and other 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.