Corporacion America Airports (NYSE:CAAP) Downgraded by Wall Street Zen to Buy

by · The Cerbat Gem

Wall Street Zen downgraded shares of Corporacion America Airports (NYSE:CAAP – Free Report) from a strong-buy rating to a buy rating in a research note published on Saturday.

A number of other research analysts have also recently issued reports on CAAP. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a research note on Friday, March 27th. The Goldman Sachs Group raised their target price on Corporacion America Airports from $25.10 to $28.50 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. raised their target price on Corporacion America Airports from $24.50 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Zacks Research cut Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $31.00 price objective on shares of Corporacion America Airports in a report on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.84.

Check Out Our Latest Analysis on CAAP

Corporacion America Airports Stock Down 3.5%

CAAP opened at $23.82 on Friday. The stock has a market cap of $3.94 billion, a PE ratio of 13.53, a P/E/G ratio of 0.59 and a beta of 0.68. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.58. Corporacion America Airports has a 52 week low of $17.36 and a 52 week high of $30.50. The business’s fifty day simple moving average is $25.38 and its 200 day simple moving average is $25.80.

Corporacion America Airports (NYSE:CAAP – Get Free Report) last released its earnings results on Wednesday, May 13th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.04). The firm had revenue of $537.62 million during the quarter, compared to the consensus estimate of $470.63 million. Corporacion America Airports had a net margin of 13.79% and a return on equity of 18.23%. As a group, research analysts expect that Corporacion America Airports will post 2.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Corporacion America Airports

Several institutional investors and hedge funds have recently made changes to their positions in CAAP. Leonteq Securities AG bought a new stake in shares of Corporacion America Airports during the fourth quarter valued at approximately $65,000. Van ECK Associates Corp grew its position in Corporacion America Airports by 119.4% in the 4th quarter. Van ECK Associates Corp now owns 2,808 shares of the company’s stock worth $73,000 after purchasing an additional 1,528 shares during the period. Aquatic Capital Management LLC bought a new stake in Corporacion America Airports in the 3rd quarter worth approximately $88,000. Quarry LP bought a new stake in shares of Corporacion America Airports during the 3rd quarter valued at $108,000. Finally, Rhumbline Advisers grew its position in shares of Corporacion America Airports by 10.0% during the 3rd quarter. Rhumbline Advisers now owns 6,600 shares of the company’s stock valued at $120,000 after acquiring an additional 600 shares during the period. Institutional investors own 12.95% of the company’s stock.

Corporacion America Airports Company Profile

(Get Free Report)

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.

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