Brokerages Set Corporacion America Airports S.A. (NYSE:CAAP) Price Target at $28.63

Corporacion America Airports S.A. (NYSE:CAAP) has been assigned an average rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $28.6250.

A number of brokerages have recently weighed in on CAAP. Wall Street Zen lowered Corporacion America Airports from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Corporacion America Airports in a research note on Friday, March 27th.

Hedge Funds Weigh In On Corporacion America Airports

A number of hedge funds have recently added to or reduced their stakes in CAAP. Qube Research & Technologies Ltd increased its stake in Corporacion America Airports by 328.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 65,051 shares of the company’s stock worth $1,318,000 after acquiring an additional 49,882 shares during the period. Canada Pension Plan Investment Board increased its stake in Corporacion America Airports by 49.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 63,613 shares of the company’s stock worth $1,289,000 after acquiring an additional 21,052 shares during the period. Raymond James Financial Inc. increased its stake in Corporacion America Airports by 2.9% during the 2nd quarter. Raymond James Financial Inc. now owns 68,680 shares of the company’s stock worth $1,391,000 after acquiring an additional 1,943 shares during the period. Jane Street Group LLC bought a new position in Corporacion America Airports during the 2nd quarter worth $295,000. Finally, PDT Partners LLC increased its stake in Corporacion America Airports by 63.8% during the 2nd quarter. PDT Partners LLC now owns 48,704 shares of the company’s stock worth $987,000 after acquiring an additional 18,972 shares during the period. Institutional investors own 12.95% of the company’s stock.

Corporacion America Airports Price Performance

Shares of NYSE CAAP opened at $26.00 on Thursday. The firm has a market cap of $4.29 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 0.67 and a beta of 0.68. The company has a current ratio of 1.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.50. Corporacion America Airports has a 1-year low of $17.36 and a 1-year high of $30.50. The business’s 50 day moving average is $25.50 and its 200-day moving average is $26.14.

Corporacion America Airports (NYSE:CAAP) last announced its earnings results on Wednesday, May 13th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.04). The firm had revenue of $537.62 million for the quarter, compared to the consensus estimate of $470.63 million. Corporacion America Airports had a return on equity of 17.40% and a net margin of 13.79%. Equities research analysts predict that Corporacion America Airports will post 2.41 earnings per share for the current year.

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.