JPMorgan Chase & Co. Lowers Corporacion America Airports (NYSE:CAAP) Price Target to $32.00

Corporacion America Airports (NYSE:CAAP) had its target price reduced by investment analysts at JPMorgan Chase & Co. from $33.00 to $32.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 35.02% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Zacks Research upgraded Corporacion America Airports from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Corporacion America Airports in a research note on Wednesday, June 24th. Finally, Wall Street Zen downgraded shares of Corporacion America Airports from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.88.

Corporacion America Airports Trading Down 0.9%

Shares of NYSE:CAAP traded down $0.22 during midday trading on Friday, reaching $23.70. The company’s stock had a trading volume of 41,274 shares, compared to its average volume of 236,921. Corporacion America Airports has a fifty-two week low of $17.36 and a fifty-two week high of $30.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.48 and a current ratio of 1.51. The firm has a 50 day moving average price of $24.68 and a two-hundred day moving average price of $25.31. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 0.64 and a beta of 0.69.

Corporacion America Airports (NYSE:CAAP) last released its earnings results on Tuesday, August 18th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.18). The business had revenue of $534.04 million for the quarter, compared to analyst estimates of $497.52 million. Corporacion America Airports had a return on equity of 16.69% and a net margin of 13.58%. As a group, analysts forecast that Corporacion America Airports will post 2.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Amundi acquired a new position in shares of Corporacion America Airports during the second quarter valued at about $216,000. Empowered Funds LLC bought a new stake in shares of Corporacion America Airports during the second quarter worth about $7,744,000. Pillsbury Lake Capital LLC acquired a new stake in shares of Corporacion America Airports in the 2nd quarter worth about $7,429,989. Bank of America Corp DE acquired a new stake in shares of Corporacion America Airports in the 2nd quarter worth about $769,000. Finally, Invst LLC acquired a new stake in shares of Corporacion America Airports in the 2nd quarter worth about $255,000. 12.95% of the stock is owned by institutional investors.

Corporacion America Airports Company Profile

Corporación América Airports SA (NYSE: CAAP) is a private airport operator that develops, manages and operates airport concessions and related aviation infrastructure. Its activities include passenger terminal operations, airfield and runway management, cargo services, retail and commercial concessions, parking, and other services connected with airport facilities.

The company operates a geographically diversified portfolio of airports through long-term concession agreements and other operating arrangements.