Corporacion America Airports (NYSE:CAAP) Shares Gap Down – Here’s What Happened

Corporacion America Airports S.A. (NYSE:CAAP)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $24.10, but opened at $23.33. Corporacion America Airports shares last traded at $23.2340, with a volume of 20,821 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CAAP. Weiss Ratings reiterated a “buy (b)” rating on shares of Corporacion America Airports in a research note on Wednesday, June 24th. JPMorgan Chase & Co. upped their target price on Corporacion America Airports from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, June 15th. Wall Street Zen downgraded Corporacion America Airports from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research upgraded Corporacion America Airports from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Corporacion America Airports has a consensus rating of “Moderate Buy” and an average price target of $30.12.

Corporacion America Airports Trading Down 3.0%

The firm’s 50-day simple moving average is $25.07 and its 200 day simple moving average is $25.76. The stock has a market cap of $3.86 billion, a P/E ratio of 13.13, a PEG ratio of 0.66 and a beta of 0.70. The company has a current ratio of 1.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.48.

Corporacion America Airports (NYSE:CAAP) last released its quarterly earnings results on Tuesday, August 18th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.18). The business had revenue of $534.04 million for the quarter, compared to the consensus estimate of $497.52 million. Corporacion America Airports had a net margin of 13.58% and a return on equity of 16.69%. As a group, equities research analysts anticipate that Corporacion America Airports S.A. will post 2.2 earnings per share for the current year.

Corporacion America Airports Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 31st will be paid a $0.91 dividend. The ex-dividend date of this dividend is Monday, August 31st.

Institutional Investors Weigh In On Corporacion America Airports

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Helikon Investments Ltd increased its stake in Corporacion America Airports by 1.0% during the 4th quarter. Helikon Investments Ltd now owns 13,565,960 shares of the company’s stock valued at $352,715,000 after buying an additional 135,515 shares during the period. BlackRock Inc. bought a new stake in shares of Corporacion America Airports in the 2nd quarter worth $38,001,000. Goldman Sachs Group Inc. lifted its holdings in shares of Corporacion America Airports by 2.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,271,822 shares of the company’s stock valued at $33,067,000 after buying an additional 29,590 shares during the period. Royal Bank of Canada boosted its stake in Corporacion America Airports by 30.4% during the first quarter. Royal Bank of Canada now owns 1,042,548 shares of the company’s stock valued at $26,366,000 after buying an additional 243,092 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Corporacion America Airports by 52.1% during the fourth quarter. BNP Paribas Financial Markets now owns 752,402 shares of the company’s stock worth $19,562,000 after acquiring an additional 257,699 shares during the period. 12.95% of the stock is currently owned by institutional investors.

Corporacion America Airports Company Profile

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.