Corporacion America Airports (NYSE:CAAP) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Corporacion America Airports (NYSE:CAAP) from a hold rating to a buy rating in a report released on Saturday.

Several other equities research analysts also recently weighed in on the stock. Zacks Research downgraded shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Citigroup started coverage on Corporacion America Airports in a research report on Thursday, October 30th. They issued a “buy” rating and a $28.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on Corporacion America Airports from $24.00 to $24.50 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $24.40.

Corporacion America Airports Stock Performance

Shares of Corporacion America Airports stock opened at $25.61 on Friday. The company has a market capitalization of $4.18 billion, a PE ratio of 23.28, a P/E/G ratio of 0.90 and a beta of 0.81. The company has a 50-day simple moving average of $21.10 and a two-hundred day simple moving average of $20.54. Corporacion America Airports has a one year low of $15.01 and a one year high of $26.97. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.51 and a current ratio of 1.53.

Corporacion America Airports (NYSE:CAAP) last released its quarterly earnings results 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). The firm had revenue of $532.10 million during the quarter, compared to the consensus estimate of $492.00 million. Corporacion America Airports had a net margin of 9.39% and a return on equity of 11.64%. During the same quarter in the prior year, the business posted $0.09 earnings per share. Research analysts expect that Corporacion America Airports will post 0.95 EPS for the current fiscal year.

Hedge Funds Weigh In On Corporacion America Airports

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CAAP. Helikon Investments Ltd grew its stake in Corporacion America Airports by 92.3% during the 1st quarter. Helikon Investments Ltd now owns 13,622,399 shares of the company’s stock valued at $249,290,000 after purchasing an additional 6,537,641 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 worth $17,086,000 after purchasing an additional 82,335 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Corporacion America Airports by 673.3% during the third quarter. BNP Paribas Financial Markets now owns 494,703 shares of the company’s stock worth $8,964,000 after purchasing an additional 430,726 shares during the period. Aberdeen Group plc boosted its position in Corporacion America Airports by 5.2% in the third quarter. Aberdeen Group plc now owns 443,608 shares of the company’s stock valued at $8,167,000 after buying an additional 21,908 shares during the last quarter. Finally, Stokes Family Office LLC increased its holdings in Corporacion America Airports by 0.7% in the 2nd quarter. Stokes Family Office LLC now owns 224,050 shares of the company’s stock worth $4,539,000 after buying an additional 1,500 shares during the period. Hedge funds and other institutional investors own 12.95% of the company’s stock.

About Corporacion America Airports

Corporación América Airports SA, through its subsidiaries, acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly known as A.C.I. Airports International S.à r.l. and changed its name to Corporación América Airports SA in September 2017.