Corporacion America Airports (NYSE:CAAP) Hits New 52-Week High – Still a Buy?

Corporacion America Airports S.A. (NYSE:CAAP)’s stock price hit a new 52-week high on Monday . The company traded as high as $27.09 and last traded at $27.1170, with a volume of 68494 shares changing hands. The stock had previously closed at $26.57.

Wall Street Analyst Weigh In

CAAP has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their target price on shares of Corporacion America Airports from $24.00 to $24.50 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Corporacion America Airports in a report on Monday, December 29th. Citigroup started coverage on Corporacion America Airports in a research note on Thursday, October 30th. They set a “buy” rating and a $28.00 price objective for the company. Wall Street Zen upgraded Corporacion America Airports from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Finally, Zacks Research lowered shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Corporacion America Airports has an average rating of “Moderate Buy” and an average target price of $24.40.

Corporacion America Airports Trading Up 2.9%

The firm has a 50-day moving average of $24.28 and a 200 day moving average of $21.31. The company has a current ratio of 1.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 0.71 and a beta of 0.77.

Corporacion America Airports (NYSE:CAAP) last released its quarterly earnings results on Monday, November 24th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.19). The business had revenue of $532.10 million during the quarter, compared to the consensus estimate of $492.00 million. Corporacion America Airports had a return on equity of 11.64% and a net margin of 9.39%.During the same period in the previous year, the company posted $0.09 EPS. As a group, equities analysts predict that Corporacion America Airports S.A. will post 0.95 EPS for the current fiscal year.

Institutional Trading of Corporacion America Airports

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Aquatic Capital Management LLC bought a new position in shares of Corporacion America Airports in the third quarter valued at approximately $88,000. Quarry LP acquired a new stake in Corporacion America Airports in the third quarter worth approximately $108,000. Rhumbline Advisers boosted its stake in Corporacion America Airports by 10.0% during the 3rd quarter. Rhumbline Advisers now owns 6,600 shares of the company’s stock valued at $120,000 after purchasing an additional 600 shares in the last quarter. Inceptionr LLC acquired a new position in shares of Corporacion America Airports during the 2nd quarter valued at $215,000. Finally, Centiva Capital LP acquired a new position in shares of Corporacion America Airports during the 3rd quarter valued at $214,000. 12.95% of the stock is currently owned by institutional investors.

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.