Corporacion America Airports (NYSE:CAAP) Sets New 12-Month High – Here’s Why

Corporacion America Airports S.A. (NYSE:CAAP)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $27.09 and last traded at $27.1170, with a volume of 68494 shares trading hands. The stock had previously closed at $26.57.

Wall Street Analysts Forecast Growth

CAAP has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on Corporacion America Airports from $24.00 to $24.50 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Zacks Research downgraded shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Corporacion America Airports from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Citigroup started coverage on Corporacion America Airports in a report on Thursday, October 30th. They issued a “buy” rating and a $28.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Corporacion America Airports currently has a consensus rating of “Moderate Buy” and an average target price of $24.40.

Corporacion America Airports Trading Up 2.9%

The company has a current ratio of 1.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68. The business’s 50-day simple moving average is $24.28 and its two-hundred day simple moving average is $21.31. The company has a market capitalization of $4.34 billion, a PE ratio of 24.93, a PEG ratio of 0.71 and a beta of 0.77.

Corporacion America Airports (NYSE:CAAP) last issued its quarterly earnings data on Monday, November 24th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.19). Corporacion America Airports had a net margin of 9.39% and a return on equity of 11.64%. The business had revenue of $532.10 million for the quarter, compared to analyst estimates of $492.00 million. During the same quarter last year, the business earned $0.09 EPS. On average, analysts predict that Corporacion America Airports S.A. will post 0.95 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its position in shares of Corporacion America Airports by 673.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 494,703 shares of the company’s stock valued at $8,964,000 after acquiring an additional 430,726 shares in the last quarter. Helikon Investments Ltd increased its stake in Corporacion America Airports by 0.7% during the third quarter. Helikon Investments Ltd now owns 13,430,445 shares of the company’s stock valued at $243,360,000 after purchasing an additional 87,893 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Corporacion America Airports by 9.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 933,660 shares of the company’s stock valued at $17,086,000 after purchasing an additional 82,335 shares during the last quarter. LRT Capital Management LLC raised its holdings in shares of Corporacion America Airports by 67.2% during the third quarter. LRT Capital Management LLC now owns 195,885 shares of the company’s stock worth $3,549,000 after purchasing an additional 78,699 shares during the period. Finally, Qube Research & Technologies Ltd lifted its position in shares of Corporacion America Airports by 110.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 136,973 shares of the company’s stock worth $2,482,000 after buying an additional 71,922 shares during the last quarter. Institutional investors and hedge funds own 12.95% of the company’s stock.

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.