Corporacion America Airports S.A. (CAAP) – What Are Researchers Saying About This Stock?

Shares of Corporacion America Airports S.A. (NYSE:CAAP) have received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $29.88.

Several research firms recently commented on CAAP. Wall Street Zen lowered Corporacion America Airports from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Weiss Ratings restated a “buy (b)” rating on shares of Corporacion America Airports in a research report on Monday, September 21st. JPMorgan Chase & Co. decreased their price target on Corporacion America Airports from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, September 18th. Finally, Zacks Research downgraded Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research report on Monday, September 21st.

Hedge Funds Weigh In On Corporacion America Airports

A number of large investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Corporacion America Airports in the 2nd quarter worth about $38,001,000. Royal Bank of Canada boosted its position in shares of Corporacion America Airports by 30.4% during the first quarter. Royal Bank of Canada now owns 1,042,548 shares of the company’s stock valued at $26,366,000 after buying an additional 243,092 shares during the period. Empowered Funds LLC boosted its position in shares of Corporacion America Airports by 74.4% during the first quarter. Empowered Funds LLC now owns 425,585 shares of the company’s stock valued at $10,763,000 after buying an additional 181,598 shares during the period. Pillsbury Lake Capital LLC purchased a new position in shares of Corporacion America Airports during the second quarter valued at approximately $7,429,989. Finally, Militia Capital Management LLC purchased a new position in shares of Corporacion America Airports during the first quarter valued at approximately $4,072,000. 12.95% of the stock is owned by hedge funds and other institutional investors.

Corporacion America Airports Price Performance

CAAP stock opened at $24.12 on Friday. Corporacion America Airports has a 52 week low of $18.23 and a 52 week high of $30.50. The firm has a market capitalization of $3.98 billion, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 0.71 and a beta of 0.69. The company has a fifty day simple moving average of $24.35 and a two-hundred day simple moving average of $25.16. The company has a quick ratio of 1.48, a current ratio of 1.51 and a debt-to-equity ratio of 0.48.

Corporacion America Airports (NYSE:CAAP) last posted its earnings results on Tuesday, August 18th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.18). The business had revenue of $534.04 million during the quarter, compared to the consensus estimate of $497.52 million. Corporacion America Airports had a return on equity of 16.69% and a net margin of 13.58%. Analysts anticipate that Corporacion America Airports will post 2.04 earnings per share for the current fiscal year.

Corporacion America Airports Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 31st were given a dividend of $0.91 per share. The ex-dividend date was Monday, August 31st. Corporacion America Airports’s payout ratio is 51.12%.

About Corporacion America Airports

Corporación América Airports SA (NYSE: CAAP) is a private-sector airport operator that develops and manages airport concessions and related infrastructure. Its activities include airport operations, passenger and aircraft services, terminal management, parking, retail, advertising, and other commercial services connected with air travel.

The company serves international and domestic air transportation markets across Latin America and Europe. Its airport portfolio has included operations in Argentina, Armenia, Brazil, Ecuador, Italy, and Uruguay, with assets ranging from major international gateways to regional airports.