Corporacion America Airports (NYSE:CAAP) Stock Rating Upgraded by Zacks Research

Corporacion America Airports (NYSE:CAAP) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on the stock. Wall Street Zen cut shares of Corporacion America Airports from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. raised their price target on Corporacion America Airports from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, June 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a research report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Corporacion America Airports has an average rating of “Moderate Buy” and a consensus target price of $30.12.

Corporacion America Airports Stock Performance

Shares of Corporacion America Airports stock opened at $25.13 on Monday. The business has a 50-day simple moving average of $25.66 and a 200-day simple moving average of $26.39. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.38 and a current ratio of 1.40. Corporacion America Airports has a one year low of $17.36 and a one year high of $30.50. The company has a market cap of $4.15 billion, a PE ratio of 14.28, a P/E/G ratio of 0.70 and a beta of 0.69.

Corporacion America Airports (NYSE:CAAP) last issued its earnings results on Thursday, May 14th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.04). Corporacion America Airports had a net margin of 13.79% and a return on equity of 17.40%. The firm had revenue of $537.62 million during the quarter, compared to analyst estimates of $470.63 million. On average, equities research analysts forecast that Corporacion America Airports will post 2.2 EPS for the current fiscal year.

Institutional Trading of Corporacion America Airports

Several institutional investors and hedge funds have recently made changes to their positions in CAAP. BNP Paribas Financial Markets boosted its stake in shares of Corporacion America Airports by 673.3% during the third quarter. BNP Paribas Financial Markets now owns 494,703 shares of the company’s stock worth $8,964,000 after buying an additional 430,726 shares during the period. Royal Bank of Canada increased its position in 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 acquiring an additional 243,092 shares during the period. Empowered Funds LLC increased its position in Corporacion America Airports by 74.4% in the 1st quarter. Empowered Funds LLC now owns 425,585 shares of the company’s stock valued at $10,763,000 after acquiring an additional 181,598 shares during the period. Militia Capital Management LLC purchased a new stake in Corporacion America Airports during the 1st quarter valued at approximately $4,072,000. Finally, Helikon Investments Ltd lifted its position in Corporacion America Airports by 1.0% during the 4th quarter. Helikon Investments Ltd now owns 13,565,960 shares of the company’s stock worth $352,715,000 after acquiring an additional 135,515 shares during the period. 12.95% of the stock is owned by hedge funds and other institutional investors.

Corporacion America Airports Company Profile

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.