Corporacion America Airports (NYSE:CAAP) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Corporacion America Airports (NYSE:CAAP) from a buy rating to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.

CAAP has been the topic of several other reports. Zacks Research upgraded shares of Corporacion America Airports from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of Corporacion America Airports from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, June 15th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Corporacion America Airports currently has an average rating of “Moderate Buy” and an average price target of $30.12.

Corporacion America Airports Stock Performance

Shares of CAAP stock opened at $23.56 on Friday. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 0.66 and a beta of 0.70. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.48 and a current ratio of 1.51. The company has a 50-day simple moving average of $25.00 and a 200 day simple moving average of $25.72. 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 released its quarterly earnings results on Tuesday, August 18th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.18). Corporacion America Airports had a net margin of 13.58% and a return on equity of 16.69%. The company had revenue of $534.04 million during the quarter, compared to the consensus estimate of $497.52 million. On average, sell-side analysts predict that Corporacion America Airports will post 2.2 earnings per share for the current year.

Corporacion America Airports Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CAAP. Leonteq Securities AG bought a new stake in Corporacion America Airports during the 4th quarter worth approximately $65,000. State of Wyoming bought a new position in shares of Corporacion America Airports during the second quarter valued at $72,000. Van ECK Associates Corp lifted its holdings in shares of Corporacion America Airports by 119.4% during the fourth quarter. Van ECK Associates Corp now owns 2,808 shares of the company’s stock worth $73,000 after purchasing an additional 1,528 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of Corporacion America Airports during the third quarter worth $88,000. Finally, Quarry LP acquired a new position in shares of Corporacion America Airports during the third quarter worth $108,000. Institutional investors own 12.95% of the company’s stock.

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.