Corporacion America Airports (NYSE:CAAP) Sets New 52-Week High – Still a Buy?

Corporacion America Airports S.A. (NYSE:CAAP) shares reached a new 52-week high on Wednesday . The company traded as high as $28.03 and last traded at $27.6320, with a volume of 112317 shares. The stock had previously closed at $26.31.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Corporacion America Airports in a research report on Monday, December 29th. Zacks Research lowered Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Wall Street Zen raised Corporacion America Airports from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. JPMorgan Chase & Co. lifted their price target on Corporacion America Airports from $24.50 to $27.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $31.00 price objective on shares of Corporacion America Airports in a report on Wednesday. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.22.

Corporacion America Airports Price Performance

The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 0.74 and a beta of 0.77. 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 company’s fifty day moving average is $25.53 and its two-hundred day moving average is $21.92.

Corporacion America Airports (NYSE:CAAP) last released its quarterly earnings results on Monday, November 24th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.19). The firm had revenue of $532.10 million for the quarter, compared to analysts’ expectations of $492.00 million. Corporacion America Airports had a return on equity of 11.64% and a net margin of 9.39%.During the same quarter in the prior year, the business earned $0.09 earnings per share. As a group, research analysts predict that Corporacion America Airports S.A. will post 0.95 earnings per share for the current year.

Institutional Trading of Corporacion America Airports

Institutional investors and hedge funds have recently bought and sold shares of the business. Allianz SE acquired a new position in shares of Corporacion America Airports in the second quarter valued at approximately $738,000. Empirical Finance LLC lifted its holdings in Corporacion America Airports by 56.4% during the 2nd quarter. Empirical Finance LLC now owns 139,327 shares of the company’s stock worth $2,823,000 after buying an additional 50,215 shares in the last quarter. Inceptionr LLC purchased a new position in Corporacion America Airports in the 2nd quarter valued at approximately $215,000. Yorktown Management & Research Co Inc purchased a new position in Corporacion America Airports in the 2nd quarter valued at approximately $276,000. Finally, Aberdeen Group plc grew its stake in shares of Corporacion America Airports by 0.3% in the second quarter. Aberdeen Group plc now owns 421,700 shares of the company’s stock worth $8,544,000 after acquiring an additional 1,400 shares in the last quarter. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

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.