Corporacion America Airports (NYSE:CAAP) Rating Lowered to “Hold” at Wall Street Zen

Corporacion America Airports (NYSE:CAAP) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

CAAP has been the topic of several other reports. JPMorgan Chase & Co. upped their target price on Corporacion America Airports from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, June 15th. Weiss Ratings restated a “buy (b)” rating on shares of Corporacion America Airports in a report on Wednesday, June 24th. Finally, Zacks Research upgraded shares of Corporacion America Airports from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.12.

Corporacion America Airports Stock Performance

NYSE CAAP opened at $24.16 on Friday. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 0.66 and a beta of 0.70. The company has a quick ratio of 1.48, a current ratio of 1.51 and a debt-to-equity ratio of 0.48. Corporacion America Airports has a twelve month low of $17.36 and a twelve month high of $30.50. The stock has a fifty day simple moving average of $25.07 and a 200 day simple moving average of $25.76.

Corporacion America Airports (NYSE:CAAP) last announced its earnings results on Tuesday, August 18th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.18). Corporacion America Airports had a return on equity of 16.69% and a net margin of 13.58%.The company had revenue of $534.04 million for the quarter, compared to analyst estimates of $497.52 million. Sell-side analysts expect that Corporacion America Airports will post 2.2 EPS for the current year.

Institutional Trading of Corporacion America Airports

Hedge funds have recently modified their holdings of the stock. Helikon Investments Ltd increased its position in Corporacion America Airports by 1.0% in the 4th quarter. Helikon Investments Ltd now owns 13,565,960 shares of the company’s stock valued at $352,715,000 after buying an additional 135,515 shares in the last quarter. BlackRock Inc. acquired a new stake in Corporacion America Airports in the second quarter valued at approximately $38,001,000. Goldman Sachs Group Inc. grew its stake in Corporacion America Airports by 2.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,271,822 shares of the company’s stock valued at $33,067,000 after acquiring an additional 29,590 shares during the period. Royal Bank of Canada increased its holdings in shares of Corporacion America Airports by 30.4% during the first quarter. Royal Bank of Canada now owns 1,042,548 shares of the company’s stock valued at $26,366,000 after acquiring an additional 243,092 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Corporacion America Airports by 52.1% during the fourth quarter. BNP Paribas Financial Markets now owns 752,402 shares of the company’s stock valued at $19,562,000 after acquiring an additional 257,699 shares in the last quarter. Institutional investors 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.