Wall Street Zen Upgrades Corporacion America Airports (NYSE:CAAP) to “Buy”

Corporacion America Airports (NYSE:CAAP) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other equities research analysts have also commented on CAAP. Weiss Ratings restated a “buy (b)” rating on shares of Corporacion America Airports in a report on Tuesday, December 2nd. Zacks Research downgraded shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Citigroup started coverage on Corporacion America Airports in a report on Thursday, October 30th. They set a “buy” rating and a $28.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on Corporacion America Airports from $24.00 to $24.50 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.40.

Corporacion America Airports Price Performance

Shares of CAAP stock opened at $25.61 on Friday. Corporacion America Airports has a twelve month low of $15.01 and a twelve month high of $26.97. The company has a current ratio of 1.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68. The stock has a fifty day simple moving average of $21.10 and a two-hundred day simple moving average of $20.54. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 23.28, a P/E/G ratio of 0.90 and a beta of 0.81.

Corporacion America Airports (NYSE:CAAP) last released its quarterly earnings data on Monday, November 24th. The company reported $0.34 earnings per share 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 during the quarter, compared to the consensus estimate of $492.00 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. On average, analysts predict that Corporacion America Airports will post 0.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Deutsche Bank AG raised its stake in Corporacion America Airports by 12.3% in the 1st quarter. Deutsche Bank AG now owns 46,476 shares of the company’s stock worth $851,000 after acquiring an additional 5,093 shares during the last quarter. Helikon Investments Ltd raised its stake in shares of Corporacion America Airports by 92.3% in the first quarter. Helikon Investments Ltd now owns 13,622,399 shares of the company’s stock worth $249,290,000 after purchasing an additional 6,537,641 shares during the last quarter. Aberdeen Group plc raised its stake in shares of Corporacion America Airports by 14.7% in the first quarter. Aberdeen Group plc now owns 420,300 shares of the company’s stock worth $7,691,000 after purchasing an additional 53,938 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Corporacion America Airports during the first quarter worth about $50,000. Finally, State of Wyoming boosted its position in Corporacion America Airports by 199.0% in the first quarter. State of Wyoming now owns 9,002 shares of the company’s stock valued at $165,000 after buying an additional 5,991 shares during the last quarter. 12.95% of the stock is currently owned by hedge funds and other 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.