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

Shares of Corporacion America Airports S.A. (NYSE:CAAP) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $30.1250.

A number of equities analysts have issued reports on CAAP shares. Weiss Ratings restated a “buy (b)” rating on shares of Corporacion America Airports in a research report on Wednesday, June 24th. JPMorgan Chase & Co. increased their price objective on Corporacion America Airports from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, June 15th. Zacks Research upgraded shares of Corporacion America Airports from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Finally, Wall Street Zen lowered Corporacion America Airports from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th.

Corporacion America Airports Price Performance

Shares of Corporacion America Airports stock opened at $24.97 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.40 and a quick ratio of 1.38. Corporacion America Airports has a one year low of $17.36 and a one year high of $30.50. The business’s 50 day simple moving average is $25.73 and its two-hundred day simple moving average is $26.23. The stock has a market capitalization of $4.13 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 0.68 and a beta of 0.70.

Corporacion America Airports (NYSE:CAAP) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.04). Corporacion America Airports had a net margin of 13.79% and a return on equity of 17.40%. The company had revenue of $537.62 million for the quarter, compared to analysts’ expectations of $470.63 million. Analysts forecast that Corporacion America Airports will post 2.2 EPS for the current year.

Institutional Investors Weigh In On Corporacion America Airports

Institutional investors have recently modified their holdings of the stock. Helikon Investments Ltd increased its holdings in shares of Corporacion America Airports by 1.0% during the fourth quarter. Helikon Investments Ltd now owns 13,565,960 shares of the company’s stock valued at $352,715,000 after acquiring an additional 135,515 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Corporacion America Airports during the second quarter valued at approximately $38,001,000. Goldman Sachs Group Inc. grew its position in Corporacion America Airports by 2.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,271,822 shares of the company’s stock worth $33,067,000 after purchasing an additional 29,590 shares during the period. Royal Bank of Canada grew its position in Corporacion America Airports by 30.4% in the 1st quarter. Royal Bank of Canada now owns 1,042,548 shares of the company’s stock worth $26,366,000 after purchasing an additional 243,092 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in Corporacion America Airports by 52.1% during the 4th quarter. BNP Paribas Financial Markets now owns 752,402 shares of the company’s stock valued at $19,562,000 after buying an additional 257,699 shares during the last quarter. 12.95% of the stock is owned by hedge funds and other 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.