Corporacion America Airports (NYSE:CAAP) Rating Lowered to “Strong Sell” at Zacks Research

Corporacion America Airports (NYSE:CAAP) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Corporacion America Airports from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Corporacion America Airports in a research note on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Corporacion America Airports has a consensus rating of “Moderate Buy” and a consensus target price of $28.63.

Corporacion America Airports Stock Performance

NYSE CAAP opened at $25.31 on Thursday. The firm has a 50-day moving average of $25.50 and a 200-day moving average of $26.15. 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 stock has a market cap of $4.18 billion, a PE ratio of 14.38, a P/E/G ratio of 0.69 and a beta of 0.68. 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 posted its 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 for the quarter, compared to analyst estimates of $470.63 million. Corporacion America Airports had a return on equity of 17.40% and a net margin of 13.79%. On average, sell-side analysts anticipate that Corporacion America Airports will post 2.27 EPS for the current year.

Institutional Trading of Corporacion America Airports

Hedge funds and other institutional investors have recently bought and sold shares of the business. Aberdeen Group plc raised its stake in Corporacion America Airports by 5.2% in the 3rd 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. GSA Capital Partners LLP raised its stake in Corporacion America Airports by 160.5% in the 3rd quarter. GSA Capital Partners LLP now owns 55,417 shares of the company’s stock worth $1,004,000 after purchasing an additional 34,143 shares in the last quarter. Altrinsic Global Advisors LLC acquired a new position in shares of Corporacion America Airports in the 3rd quarter valued at approximately $649,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Corporacion America Airports in the 3rd quarter valued at approximately $625,000. Finally, Apis Capital Advisors LLC acquired a new position in shares of Corporacion America Airports in the 3rd quarter valued at approximately $725,000. Institutional investors and hedge funds own 12.95% of the company’s stock.

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.