Corporacion America Airports S.A. (NYSE:CAAP) Stock Has Consensus Target Price of $29.88 According to Brokerages

Corporacion America Airports S.A. (NYSE:CAAP) has received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $29.88.

A number of brokerages have recently commented on CAAP. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a research report on Monday, September 21st. JPMorgan Chase & Co. lowered their target price on Corporacion America Airports from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, September 18th. Wall Street Zen downgraded Corporacion America Airports from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Finally, Zacks Research lowered Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research note on Monday, September 21st.

Corporacion America Airports Trading Down 1.3%

Shares of CAAP opened at $24.12 on Friday. Corporacion America Airports has a 1-year low of $18.23 and a 1-year high of $30.50. The company has a 50-day moving average of $24.35 and a 200 day moving average of $25.16. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 0.71 and a beta of 0.69. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.51 and a quick ratio of 1.48.

Corporacion America Airports (NYSE:CAAP) last released its quarterly earnings data on Tuesday, August 18th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 13.58% and a return on equity of 16.69%. On average, research analysts expect that Corporacion America Airports will post 2.04 EPS for the current year.

Corporacion America Airports Announces Dividend

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

Hedge Funds Weigh In On Corporacion America Airports

Several institutional investors have recently bought and sold shares of CAAP. Empowered Funds LLC purchased a new stake in shares of Corporacion America Airports during the second quarter valued at about $7,744,000. Pillsbury Lake Capital LLC bought a new stake in shares of Corporacion America Airports in the 2nd quarter valued at about $7,429,989. BlackRock Inc. bought a new stake in shares of Corporacion America Airports in the 2nd quarter valued at about $38,001,000. Vise Technologies Inc. purchased a new position in shares of Corporacion America Airports in the 2nd quarter worth approximately $2,007,000. Finally, Royal Bank of Canada grew its position in shares of Corporacion America Airports by 30.4% in the 1st quarter. Royal Bank of Canada now owns 1,042,548 shares of the company’s stock worth $26,366,000 after buying an additional 243,092 shares during the last quarter. 12.95% of the stock is owned by hedge funds and other institutional investors.

Corporacion America Airports Company Profile

Corporación América Airports SA (NYSE: CAAP) is a private-sector airport operator that develops and manages airport concessions and related infrastructure. Its activities include airport operations, passenger and aircraft services, terminal management, parking, retail, advertising, and other commercial services connected with air travel.

The company serves international and domestic air transportation markets across Latin America and Europe. Its airport portfolio has included operations in Argentina, Armenia, Brazil, Ecuador, Italy, and Uruguay, with assets ranging from major international gateways to regional airports.