Corporacion America Airports S.A. (NYSE:CAAP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Corporacion America Airports S.A. (NYSE:CAAP) have received an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $26.60.

Several equities research analysts recently weighed in on CAAP shares. JPMorgan Chase & Co. boosted their target price on Corporacion America Airports from $24.50 to $27.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. The Goldman Sachs Group boosted their target price on Corporacion America Airports from $25.10 to $28.50 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Weiss Ratings restated a “buy (b)” rating on shares of Corporacion America Airports in a report on Friday, March 27th. Jefferies Financial Group restated a “buy” rating and issued a $31.00 target price on shares of Corporacion America Airports in a report on Wednesday, January 21st. Finally, Wall Street Zen upgraded Corporacion America Airports from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st.

Corporacion America Airports Stock Up 0.1%

Shares of Corporacion America Airports stock opened at $25.59 on Wednesday. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 0.64 and a beta of 0.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 1.33. Corporacion America Airports has a 52-week low of $15.01 and a 52-week high of $30.50. The stock has a 50-day simple moving average of $27.07 and a 200-day simple moving average of $24.50.

Corporacion America Airports (NYSE:CAAP) last posted its earnings results on Friday, March 6th. The company reported $404.99 earnings per share for the quarter. Corporacion America Airports had a return on equity of 15.93% and a net margin of 12.59%.The firm had revenue of $562.61 million during the quarter. On average, equities research analysts expect that Corporacion America Airports will post 0.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Corporacion America Airports

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thoroughbred Financial Services LLC lifted its holdings in Corporacion America Airports by 1.0% in the 4th quarter. Thoroughbred Financial Services LLC now owns 46,964 shares of the company’s stock worth $1,221,000 after purchasing an additional 455 shares during the last quarter. Rhumbline Advisers increased its position in Corporacion America Airports by 10.0% in the 3rd quarter. Rhumbline Advisers now owns 6,600 shares of the company’s stock worth $120,000 after buying an additional 600 shares during the period. Mariner LLC increased its position in Corporacion America Airports by 5.7% in the 4th quarter. Mariner LLC now owns 13,873 shares of the company’s stock worth $361,000 after buying an additional 746 shares during the period. Federation des caisses Desjardins du Quebec increased its position in Corporacion America Airports by 15.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 5,980 shares of the company’s stock worth $155,000 after buying an additional 782 shares during the period. Finally, LMG Wealth Partners LLC increased its position in Corporacion America Airports by 1.1% in the 4th quarter. LMG Wealth Partners LLC now owns 102,832 shares of the company’s stock worth $2,674,000 after buying an additional 1,083 shares during the period. 12.95% of the stock is currently owned by institutional investors and hedge funds.

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.