Corporacion America Airports (NYSE:CAAP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Corporacion America Airports (NYSE:CAAP) from a buy rating to a strong-buy rating in a report released on Saturday.

Other analysts have also recently issued research reports about the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $31.00 price target on shares of Corporacion America Airports in a report on Wednesday, January 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Corporacion America Airports in a report on Monday, December 29th. The Goldman Sachs Group raised their target price on shares of Corporacion America Airports from $25.10 to $28.50 and gave the company a “neutral” rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. lifted their target price on shares of Corporacion America Airports from $24.50 to $27.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Finally, Zacks Research lowered shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.60.

Corporacion America Airports Stock Performance

NYSE CAAP opened at $25.03 on Friday. Corporacion America Airports has a 1 year low of $15.01 and a 1 year high of $30.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 1.33. The stock has a market capitalization of $4.08 billion, a PE ratio of 16.25, a P/E/G ratio of 0.60 and a beta of 0.77. The company’s 50 day simple moving average is $27.44 and its two-hundred day simple moving average is $24.03.

Corporacion America Airports (NYSE:CAAP) last released its quarterly earnings results on Friday, March 6th. The company reported $404.99 earnings per share for the quarter. The firm had revenue of ($36.63) million for the quarter. Corporacion America Airports had a net margin of 12.59% and a return on equity of 15.93%. Analysts predict that Corporacion America Airports will post 0.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Corporacion America Airports

Large investors have recently modified their holdings of the company. Mackenzie Financial Corp lifted its position in Corporacion America Airports by 13.3% in the 4th quarter. Mackenzie Financial Corp now owns 25,288 shares of the company’s stock worth $663,000 after buying an additional 2,972 shares during the last quarter. Boothbay Fund Management LLC bought a new position in Corporacion America Airports during the fourth quarter valued at approximately $239,000. Schonfeld Strategic Advisors LLC bought a new position in Corporacion America Airports during the fourth quarter valued at approximately $551,000. Lazard Asset Management LLC purchased a new position in shares of Corporacion America Airports during the fourth quarter worth approximately $1,845,000. Finally, State of Wisconsin Investment Board purchased a new position in shares of Corporacion America Airports during the fourth quarter worth approximately $426,000. 12.95% of the stock is owned by hedge funds and other institutional investors.

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.