Corporacion America Airports (NYSE:CAAP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Corporacion America Airports (NYSE:CAAP) from a hold rating to a buy rating in a research report report published on Saturday morning.

A number of other analysts also recently issued reports on the stock. Citigroup started coverage on shares of Corporacion America Airports in a report on Thursday, October 30th. They set a “buy” rating and a $28.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on shares of Corporacion America Airports from $24.00 to $24.50 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Zacks Research cut shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a research report on Tuesday, December 2nd. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $24.40.

Corporacion America Airports Stock Down 0.4%

CAAP stock opened at $25.58 on Friday. Corporacion America Airports has a 1-year low of $15.01 and a 1-year high of $26.97. The business has a fifty day moving average price of $21.24 and a 200-day moving average price of $20.56. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.53 and a quick ratio of 1.51. The stock has a market capitalization of $4.18 billion, a P/E ratio of 23.26, 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 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 business had revenue of $532.10 million for the quarter, compared to analysts’ expectations of $492.00 million. During the same period last year, the business earned $0.09 earnings per share. Equities analysts forecast that Corporacion America Airports will post 0.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Corporacion America Airports

A number of institutional investors have recently bought and sold shares of CAAP. Quantbot Technologies LP bought a new stake in Corporacion America Airports during the first quarter valued at about $50,000. Aquatic Capital Management LLC purchased a new position in shares of Corporacion America Airports during the 3rd quarter valued at about $88,000. Quarry LP bought a new position in shares of Corporacion America Airports during the 3rd quarter valued at approximately $108,000. Rhumbline Advisers grew its stake in shares of Corporacion America Airports by 10.0% during the 3rd quarter. Rhumbline Advisers now owns 6,600 shares of the company’s stock valued at $120,000 after acquiring an additional 600 shares during the period. Finally, State of Wyoming increased its holdings in Corporacion America Airports by 199.0% in the 1st quarter. State of Wyoming now owns 9,002 shares of the company’s stock worth $165,000 after acquiring an additional 5,991 shares in the last quarter. 12.95% of the stock is owned by institutional investors.

About Corporacion America Airports

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.