Corporacion America Airports S.A. (NYSE:CAAP) Stock Has Average Price Target of $29.88

Shares of Corporacion America Airports S.A. (NYSE:CAAP) have earned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $29.88.

Several research analysts have recently weighed in on the stock. Zacks Research downgraded shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research note on Monday, September 21st. Wall Street Zen downgraded shares of Corporacion America Airports from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. JPMorgan Chase & Co. cut their price objective on shares of Corporacion America Airports from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, September 18th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Corporacion America Airports in a research report on Monday, September 21st.

Corporacion America Airports Stock Performance

Shares of NYSE:CAAP opened at $25.25 on Wednesday. The business’s 50-day simple moving average is $24.55 and its 200 day simple moving average is $25.20. The company has a market cap of $4.17 billion, a P/E ratio of 14.18, a PEG ratio of 0.75 and a beta of 0.69. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.48 and a current ratio of 1.51. Corporacion America Airports has a one year low of $17.36 and a one year 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 analysts’ consensus estimates of $0.50 by ($0.18). The company had revenue of $534.04 million during the quarter, compared to analysts’ expectations of $497.52 million. Corporacion America Airports had a return on equity of 16.69% and a net margin of 13.58%. On average, sell-side analysts forecast that Corporacion America Airports will post 2.04 earnings per share for the current fiscal year.

Corporacion America Airports Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 31st were paid a $0.91 dividend. The ex-dividend date was Monday, August 31st. Corporacion America Airports’s payout ratio is 51.12%.

Institutional Investors Weigh In On Corporacion America Airports

A number of hedge funds have recently bought and sold shares of the business. State of Wyoming acquired a new position in shares of Corporacion America Airports in the 2nd quarter valued at approximately $72,000. Amundi acquired a new stake in shares of Corporacion America Airports during the second quarter worth approximately $216,000. Invst LLC acquired a new stake in shares of Corporacion America Airports during the second quarter worth approximately $255,000. Valeo Financial Advisors LLC bought a new stake in shares of Corporacion America Airports in the second quarter worth $282,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Corporacion America Airports in the second quarter worth $509,000. Institutional investors and hedge funds own 12.95% of the company’s stock.

About Corporacion America Airports

Corporación América Airports SA (NYSE: CAAP) is an airport operator and infrastructure company that develops, manages and operates airport concessions. Its activities include passenger and aircraft handling, airport maintenance, security coordination and the management of commercial services such as retail, food and beverage, parking and other passenger-related facilities.

The company has historically operated airports across several regions, including Argentina, Brazil, Ecuador, Uruguay, Armenia and Italy.