Corporacion America Airports (NYSE:CAAP) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research lowered shares of Corporacion America Airports (NYSE:CAAP) from a hold rating to a strong sell rating in a report published on Thursday,Zacks.com reports.

CAAP has been the topic of a number of other reports. Wall Street Zen downgraded shares of Corporacion America Airports from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Corporacion America Airports in a report on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.63.

Corporacion America Airports Stock Performance

Shares of NYSE CAAP opened at $25.31 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.38 and a current ratio of 1.40. The company has a market cap of $4.18 billion, a P/E ratio of 14.38, a P/E/G ratio of 0.69 and a beta of 0.68. The firm’s fifty day moving average is $25.50 and its two-hundred day moving average is $26.15. Corporacion America Airports has a 52-week low of $17.36 and a 52-week high of $30.50.

Corporacion America Airports (NYSE:CAAP) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.04). The company had revenue of $537.62 million during the quarter, compared to the consensus estimate of $470.63 million. Corporacion America Airports had a net margin of 13.79% and a return on equity of 17.40%. As a group, analysts anticipate that Corporacion America Airports will post 2.27 EPS for the current fiscal year.

Institutional Trading of Corporacion America Airports

Large investors have recently made changes to their positions in the business. Leonteq Securities AG bought a new stake in shares of Corporacion America Airports in the 4th quarter worth about $65,000. Van ECK Associates Corp increased its holdings in shares of Corporacion America Airports by 119.4% in the 4th quarter. Van ECK Associates Corp now owns 2,808 shares of the company’s stock worth $73,000 after buying an additional 1,528 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Corporacion America Airports in the 3rd quarter worth about $88,000. Quarry LP bought a new stake in shares of Corporacion America Airports in the 3rd quarter worth about $108,000. Finally, Federation des caisses Desjardins du Quebec increased its holdings in shares of Corporacion America Airports by 15.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 5,980 shares of the company’s stock worth $155,000 after buying an additional 782 shares during the last quarter. 12.95% of the stock is currently owned by 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.