Corporacion America Airports S.A. (NYSE:CAAP) Receives $30.12 Average Price Target from Analysts

Shares of Corporacion America Airports S.A. (NYSE:CAAP) have received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $30.1250.

CAAP has been the subject of several research reports. JPMorgan Chase & Co. raised their price objective on shares of Corporacion America Airports from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, June 15th. Wall Street Zen lowered Corporacion America Airports from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Corporacion America Airports in a report on Wednesday, June 24th. Finally, Zacks Research upgraded Corporacion America Airports from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th.

Institutional Investors Weigh In On Corporacion America Airports

Hedge funds and other institutional investors have recently modified their holdings of the company. Leonteq Securities AG acquired a new position in shares of Corporacion America Airports in the fourth quarter valued at about $65,000. Van ECK Associates Corp raised its stake in Corporacion America Airports by 119.4% in the 4th quarter. Van ECK Associates Corp now owns 2,808 shares of the company’s stock worth $73,000 after purchasing an additional 1,528 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in Corporacion America Airports in the 3rd quarter worth about $88,000. Quarry LP bought a new stake in Corporacion America Airports in the 3rd quarter valued at about $108,000. Finally, Rhumbline Advisers boosted its holdings in Corporacion America Airports by 10.0% in the 3rd quarter. Rhumbline Advisers now owns 6,600 shares of the company’s stock valued at $120,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 12.95% of the company’s stock.

Corporacion America Airports Price Performance

Shares of CAAP opened at $25.01 on Friday. The company’s 50-day moving average is $25.63 and its 200-day moving average is $26.29. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.40 and a quick ratio of 1.38. The firm has a market capitalization of $4.13 billion, a PE ratio of 14.21, a PEG ratio of 0.68 and a beta of 0.69. Corporacion America Airports has a fifty-two week low of $17.36 and a fifty-two week high of $30.50.

Corporacion America Airports (NYSE:CAAP) last announced 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). Corporacion America Airports had a return on equity of 17.40% and a net margin of 13.79%.The company had revenue of $537.62 million for the quarter, compared to the consensus estimate of $470.63 million. Equities analysts forecast that Corporacion America Airports will post 2.2 EPS for the current year.

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.