Corporacion America Airports (NYSE:CAAP) Price Target Raised to $27.00 at JPMorgan Chase & Co.

Corporacion America Airports (NYSE:CAAP) had its price target raised by equities researchers at JPMorgan Chase & Co. from $24.50 to $27.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 2.18% from the stock’s current price.

Several other research firms have also weighed in on CAAP. Wall Street Zen raised Corporacion America Airports from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Zacks Research downgraded shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Corporacion America Airports in a research note on Monday, December 29th. Finally, Citigroup started coverage on shares of Corporacion America Airports in a research note on Thursday, October 30th. They issued a “buy” rating and a $28.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Corporacion America Airports currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.03.

Corporacion America Airports Trading Up 3.3%

CAAP stock traded up $0.85 during midday trading on Friday, reaching $26.43. The company’s stock had a trading volume of 37,881 shares, compared to its average volume of 115,345. The business’s 50-day simple moving average is $25.11 and its 200-day simple moving average is $21.71. The company has a quick ratio of 1.51, a current ratio of 1.53 and a debt-to-equity ratio of 0.68. Corporacion America Airports has a 52 week low of $15.01 and a 52 week high of $27.76. The stock has a market cap of $4.22 billion, a PE ratio of 24.03, a price-to-earnings-growth ratio of 0.69 and a beta of 0.77.

Corporacion America Airports (NYSE:CAAP) last posted its quarterly earnings results on Monday, November 24th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.19). Corporacion America Airports had a net margin of 9.39% and a return on equity of 11.64%. The company had revenue of $532.10 million during the quarter, compared to analyst estimates of $492.00 million. During the same period last year, the company earned $0.09 EPS. As a group, sell-side analysts expect that Corporacion America Airports will post 0.95 EPS for the current year.

Institutional Trading of Corporacion America Airports

A number of large investors have recently bought and sold shares of the business. Kestra Private Wealth Services LLC acquired a new stake in Corporacion America Airports during the 3rd quarter worth approximately $223,000. PharVision Advisers LLC bought a new stake in shares of Corporacion America Airports during the third quarter worth $656,000. Verition Fund Management LLC increased its position in shares of Corporacion America Airports by 151.6% during the third quarter. Verition Fund Management LLC now owns 26,670 shares of the company’s stock worth $483,000 after acquiring an additional 16,070 shares in the last quarter. Quarry LP acquired a new stake in shares of Corporacion America Airports during the third quarter worth $108,000. Finally, Qube Research & Technologies Ltd lifted its position in Corporacion America Airports by 110.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 136,973 shares of the company’s stock valued at $2,482,000 after acquiring an additional 71,922 shares in the last quarter. 12.95% of the stock is 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.