Corporacion America Airports (NYSE:CAAP) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Corporacion America Airports (NYSE:CAAP) had its price objective upped by equities research analysts at The Goldman Sachs Group from $25.10 to $28.50 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target suggests a potential downside of 4.14% from the company’s current price.

CAAP has been the topic of several other research reports. Zacks Research cut shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Jefferies Financial Group reissued a “buy” rating and issued a $31.00 target price on shares of Corporacion America Airports in a research note on Wednesday, January 21st. Wall Street Zen upgraded Corporacion America Airports from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Citigroup began coverage on Corporacion America Airports in a report on Thursday, October 30th. They issued a “buy” rating and a $28.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their price objective on Corporacion America Airports from $24.50 to $27.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Corporacion America Airports has an average rating of “Moderate Buy” and an average target price of $26.60.

Corporacion America Airports Price Performance

Shares of NYSE CAAP opened at $29.73 on Thursday. The stock’s 50-day simple moving average is $26.31 and its two-hundred day simple moving average is $22.30. Corporacion America Airports has a twelve month low of $15.01 and a twelve month high of $30.50. The firm has a market capitalization of $4.95 billion, a P/E ratio of 27.03, a P/E/G ratio of 0.81 and a beta of 0.77. 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 (NYSE:CAAP) last issued its quarterly earnings data on Monday, November 24th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.19). The business had revenue of $532.10 million for the quarter, compared to analysts’ expectations 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 firm posted $0.09 EPS. As a group, equities analysts anticipate that Corporacion America Airports will post 0.95 EPS for the current fiscal year.

Hedge Funds Weigh In On Corporacion America Airports

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers lifted its position in Corporacion America Airports by 10.0% in the third quarter. Rhumbline Advisers now owns 6,600 shares of the company’s stock valued at $120,000 after purchasing an additional 600 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of Corporacion America Airports by 9.3% in the fourth quarter. Kestra Private Wealth Services LLC now owns 13,423 shares of the company’s stock worth $349,000 after buying an additional 1,138 shares during the period. Meixler Investment Management Ltd. raised its holdings in Corporacion America Airports by 2.6% during the 2nd quarter. Meixler Investment Management Ltd. now owns 54,362 shares of the company’s stock valued at $1,101,000 after buying an additional 1,370 shares during the last quarter. Aberdeen Group plc raised its holdings in Corporacion America Airports by 0.3% during the 2nd quarter. Aberdeen Group plc now owns 421,700 shares of the company’s stock valued at $8,544,000 after buying an additional 1,400 shares during the last quarter. Finally, Stokes Family Office LLC boosted its position in Corporacion America Airports by 0.7% during the 2nd quarter. Stokes Family Office LLC now owns 224,050 shares of the company’s stock valued at $4,539,000 after buying an additional 1,500 shares during the period. 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.