Corporacion America Airports (NYSE:CAAP) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Corporacion America Airports (NYSE:CAAP) had its target price raised by investment analysts at The Goldman Sachs Group from $25.10 to $28.50 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential downside of 3.68% from the stock’s previous close.

Several other equities research analysts have also weighed in on the company. Citigroup assumed coverage on Corporacion America Airports in a research note on Thursday, October 30th. They issued a “buy” rating and a $28.00 price objective on the stock. Wall Street Zen raised shares of Corporacion America Airports from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Corporacion America Airports in a research note on Monday, December 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $31.00 target price on shares of Corporacion America Airports in a research note on Wednesday, January 21st. Finally, Zacks Research downgraded Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research note on Monday. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Corporacion America Airports presently has a consensus rating of “Moderate Buy” and an average price target of $26.60.

Corporacion America Airports Stock Up 1.6%

CAAP stock traded up $0.47 during mid-day trading on Thursday, hitting $29.59. The stock had a trading volume of 158,514 shares, compared to its average volume of 192,222. 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 market capitalization of $4.74 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 0.78 and a beta of 0.77. Corporacion America Airports has a 1-year low of $15.01 and a 1-year high of $29.99. The company has a fifty day moving average of $26.01 and a 200 day moving average of $22.18.

Corporacion America Airports (NYSE:CAAP) last issued its quarterly earnings data on Monday, November 24th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $532.10 million for the quarter, compared to analyst estimates of $492.00 million. During the same period in the prior year, the company posted $0.09 EPS. On average, equities analysts expect that Corporacion America Airports will post 0.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Helikon Investments Ltd increased its holdings in Corporacion America Airports by 0.7% during the 3rd quarter. Helikon Investments Ltd now owns 13,430,445 shares of the company’s stock worth $243,360,000 after purchasing an additional 87,893 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Corporacion America Airports by 673.3% during the third quarter. BNP Paribas Financial Markets now owns 494,703 shares of the company’s stock valued at $8,964,000 after purchasing an additional 430,726 shares during the last quarter. Aberdeen Group plc increased its stake in shares of Corporacion America Airports by 5.2% in the third quarter. Aberdeen Group plc now owns 443,608 shares of the company’s stock worth $8,167,000 after purchasing an additional 21,908 shares in the last quarter. Stokes Family Office LLC lifted its position in shares of Corporacion America Airports by 0.7% during the second quarter. Stokes Family Office LLC now owns 224,050 shares of the company’s stock worth $4,539,000 after acquiring an additional 1,500 shares in the last quarter. Finally, LRT Capital Management LLC boosted its stake in Corporacion America Airports by 67.2% in the 3rd quarter. LRT Capital Management LLC now owns 195,885 shares of the company’s stock worth $3,549,000 after purchasing an additional 78,699 shares during the period. 12.95% of the stock is currently owned by institutional investors and hedge funds.

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.