Corporacion America Airports (NYSE:CAAP) Reaches New 1-Year High – Here’s What Happened

Shares of Corporacion America Airports S.A. (NYSE:CAAP) reached a new 52-week high on Tuesday . The stock traded as high as $29.09 and last traded at $28.3560, with a volume of 387698 shares changing hands. The stock had previously closed at $28.16.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $31.00 price target on shares of Corporacion America Airports in a research note on Wednesday, January 21st. Citigroup started coverage on shares of Corporacion America Airports in a research note on Thursday, October 30th. They issued a “buy” rating and a $28.00 target price on the stock. JPMorgan Chase & Co. upped their target price on shares of Corporacion America Airports from $24.50 to $27.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Wall Street Zen raised shares of Corporacion America Airports from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Zacks Research cut shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $26.22.

Corporacion America Airports Stock Performance

The stock’s 50 day simple moving average is $25.74 and its two-hundred day simple moving average is $22.06. The company has a market capitalization of $4.60 billion, a P/E ratio of 25.78, a P/E/G ratio of 0.76 and a beta of 0.77. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.53 and a quick ratio of 1.51.

Corporacion America Airports (NYSE:CAAP) last issued 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). Corporacion America Airports had a net margin of 9.39% and a return on equity of 11.64%. The company had revenue of $532.10 million during the quarter, compared to analyst estimates of $492.00 million. During the same period in the prior year, the business earned $0.09 EPS. As a group, research analysts expect that Corporacion America Airports S.A. will post 0.95 earnings per share for the current year.

Hedge Funds Weigh In On Corporacion America Airports

Hedge funds have recently added to or reduced their stakes in the company. Aberdeen Group plc raised its holdings in Corporacion America Airports by 0.3% during the 2nd quarter. Aberdeen Group plc now owns 421,700 shares of the company’s stock worth $8,544,000 after purchasing an additional 1,400 shares during the last quarter. LMG Wealth Partners LLC raised its stake in shares of Corporacion America Airports by 3.0% during the second quarter. LMG Wealth Partners LLC now owns 98,050 shares of the company’s stock worth $1,986,000 after buying an additional 2,866 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in Corporacion America Airports by 10.3% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 34,228 shares of the company’s stock valued at $693,000 after buying an additional 3,190 shares during the period. Yorktown Management & Research Co Inc acquired a new position in Corporacion America Airports in the second quarter valued at approximately $276,000. Finally, Meixler Investment Management Ltd. boosted its stake in Corporacion America Airports by 2.6% in the second quarter. Meixler Investment Management Ltd. now owns 54,362 shares of the company’s stock valued at $1,101,000 after acquiring an additional 1,370 shares during the last quarter. Institutional investors own 12.95% of the company’s stock.

Corporacion America Airports Company Profile

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.