Corporación América Airports (NYSE:CAAP) Stock Rating Upgraded by Zacks Investment Research
Corporación América Airports (NYSE:CAAP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, Zacks.com reports. The firm currently has a $5.50 price target on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 12.24% from the stock’s current price.
According to Zacks, “Corporacion America Airports SA is a focused on acquiring, developing and operating airport concessions. The Company is a private sector airport operator. It operates primarily in Latin America, Europe and Eurasia. Corporacion America Airports SA is based in Luxembourg. “
Corporación América Airports stock opened at $4.90 on Tuesday. The firm has a fifty day simple moving average of $4.68 and a two-hundred day simple moving average of $3.56. The company has a quick ratio of 0.62, a current ratio of 0.64 and a debt-to-equity ratio of 1.08. Corporación América Airports has a twelve month low of $1.72 and a twelve month high of $5.59. The company has a market capitalization of $784.10 million, a PE ratio of -3.12 and a beta of 3.19.
Several hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. purchased a new stake in shares of Corporación América Airports during the fourth quarter worth about $46,000. Squarepoint Ops LLC lifted its holdings in Corporación América Airports by 38.7% in the 4th quarter. Squarepoint Ops LLC now owns 43,564 shares of the company’s stock worth $174,000 after buying an additional 12,159 shares during the period. BBR Partners LLC bought a new stake in shares of Corporación América Airports in the 4th quarter worth approximately $40,000. Stokes Family Office LLC purchased a new position in shares of Corporación América Airports during the fourth quarter valued at approximately $98,000. Finally, HighPoint Advisor Group LLC bought a new position in shares of Corporación América Airports during the fourth quarter valued at approximately $207,000. Hedge funds and other institutional investors own 4.50% of the company’s stock.
Corporación América Airports Company Profile
CorporaciÃ³n AmÃ©rica Airports SA, through its subsidiaries, engages in the acquisition, development, and operation of airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly knwona as A.C.I. Airports International S.Ã r.l. The company was founded in 1998 and is based in Luxembourg City, Luxembourg.
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