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

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

Several analysts have recently weighed in on CAAP shares. Wall Street Zen downgraded shares of Corporacion America Airports from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. JPMorgan Chase & Co. increased their price target on shares of Corporacion America Airports from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, June 15th. Weiss Ratings restated a “buy (b)” rating on shares of Corporacion America Airports in a research report on Wednesday, June 24th. Finally, Zacks Research raised Corporacion America Airports from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Helikon Investments Ltd lifted its holdings in Corporacion America Airports by 1.0% in the fourth quarter. Helikon Investments Ltd now owns 13,565,960 shares of the company’s stock valued at $352,715,000 after acquiring an additional 135,515 shares during the period. BlackRock Inc. acquired a new position in shares of Corporacion America Airports during the 2nd quarter worth $38,001,000. Goldman Sachs Group Inc. grew its stake in shares of Corporacion America Airports by 2.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,271,822 shares of the company’s stock worth $33,067,000 after purchasing an additional 29,590 shares during the period. Royal Bank of Canada increased its holdings in shares of Corporacion America Airports by 30.4% in the 1st quarter. Royal Bank of Canada now owns 1,042,548 shares of the company’s stock valued at $26,366,000 after purchasing an additional 243,092 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Corporacion America Airports by 52.1% in the 4th quarter. BNP Paribas Financial Markets now owns 752,402 shares of the company’s stock valued at $19,562,000 after purchasing an additional 257,699 shares in the last quarter. Institutional investors and hedge funds own 12.95% of the company’s stock.

Corporacion America Airports Price Performance

Shares of NYSE CAAP opened at $24.58 on Friday. The stock has a fifty day moving average price of $24.76 and a 200 day moving average price of $25.47. Corporacion America Airports has a 1-year low of $17.36 and a 1-year high of $30.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.51 and a quick ratio of 1.48. The company has a market cap of $4.06 billion, a PE ratio of 13.81, a P/E/G ratio of 0.68 and a beta of 0.69.

Corporacion America Airports (NYSE:CAAP) last announced its quarterly earnings data on Tuesday, August 18th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.18). The firm had revenue of $534.04 million during the quarter, compared to analyst estimates of $497.52 million. Corporacion America Airports had a net margin of 13.58% and a return on equity of 16.69%. Sell-side analysts forecast that Corporacion America Airports will post 2.2 EPS for the current year.

Corporacion America Airports Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 31st were issued a $0.91 dividend. The ex-dividend date of this dividend was Monday, August 31st. Corporacion America Airports’s dividend payout ratio (DPR) is currently 51.12%.

About Corporacion America Airports

Corporación América Airports SA (NYSE: CAAP) is a private airport operator that develops, manages and operates airport concessions and related aviation infrastructure. Its activities include passenger terminal operations, airfield and runway management, cargo services, retail and commercial concessions, parking, and other services connected with airport facilities.

The company operates a geographically diversified portfolio of airports through long-term concession agreements and other operating arrangements.