Zacks Research Upgrades Corporacion America Airports (NYSE:CAAP) to Hold

Corporacion America Airports (NYSE:CAAP) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other research firms have also recently weighed in on CAAP. Weiss Ratings reissued a “buy (b)” rating on shares of Corporacion America Airports in a 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 research report on Monday, June 15th. Finally, Wall Street Zen cut shares of Corporacion America Airports from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.12.

Corporacion America Airports Stock Down 2.1%

Corporacion America Airports stock opened at $25.13 on Monday. The stock has a market cap of $4.15 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.70 and a beta of 0.69. The company has a quick ratio of 1.38, a current ratio of 1.40 and a debt-to-equity ratio of 0.50. Corporacion America Airports has a twelve month low of $17.36 and a twelve month high of $30.50. The company’s 50-day moving average price is $25.66 and its two-hundred day moving average price is $26.39.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Qube Research & Technologies Ltd lifted its position in Corporacion America Airports by 328.8% during the second quarter. Qube Research & Technologies Ltd now owns 65,051 shares of the company’s stock worth $1,318,000 after purchasing an additional 49,882 shares during the period. Canada Pension Plan Investment Board increased its holdings in Corporacion America Airports by 49.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 63,613 shares of the company’s stock valued at $1,289,000 after buying an additional 21,052 shares during the period. Raymond James Financial Inc. raised its position in shares of Corporacion America Airports by 2.9% in the 2nd quarter. Raymond James Financial Inc. now owns 68,680 shares of the company’s stock valued at $1,391,000 after buying an additional 1,943 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Corporacion America Airports in the 2nd quarter valued at approximately $295,000. Finally, PDT Partners LLC lifted its holdings in shares of Corporacion America Airports by 63.8% during the 2nd quarter. PDT Partners LLC now owns 48,704 shares of the company’s stock worth $987,000 after acquiring an additional 18,972 shares during the period. Institutional investors and hedge funds own 12.95% of the company’s stock.

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.