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 during mid-day trading 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 Analysts Forecast Growth

Several research firms have weighed in on CAAP. Citigroup assumed coverage on Corporacion America Airports in a report on Thursday, October 30th. They set a “buy” rating and a $28.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on Corporacion America Airports from $24.50 to $27.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Wall Street Zen raised Corporacion America Airports from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Corporacion America Airports in a research report on Monday, December 29th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $31.00 price objective on shares of Corporacion America Airports in a research note on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Corporacion America Airports presently has an average rating of “Moderate Buy” and an average price target of $26.22.

Corporacion America Airports Trading Up 0.7%

The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.51 and a current ratio of 1.53. The company’s 50 day moving average is $25.74 and its 200 day moving average is $22.06. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 0.76 and a beta of 0.77.

Corporacion America Airports (NYSE:CAAP) last posted its quarterly earnings data on Monday, November 24th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.19). Corporacion America Airports had a return on equity of 11.64% and a net margin of 9.39%.The company had revenue of $532.10 million for the quarter, compared to the consensus estimate of $492.00 million. During the same quarter in the previous year, the firm posted $0.09 EPS. On average, research analysts forecast that Corporacion America Airports S.A. will post 0.95 EPS for the current fiscal year.

Institutional Trading of Corporacion America Airports

A number of institutional investors and hedge funds have recently modified their holdings of CAAP. Kestra Private Wealth Services LLC bought a new position in Corporacion America Airports in the third quarter worth $223,000. PharVision Advisers LLC acquired a new stake in shares of Corporacion America Airports during the 3rd quarter valued at about $656,000. Verition Fund Management LLC increased its stake in Corporacion America Airports by 151.6% in the third quarter. Verition Fund Management LLC now owns 26,670 shares of the company’s stock valued at $483,000 after acquiring an additional 16,070 shares during the period. Quarry LP bought a new stake in Corporacion America Airports in the third quarter valued at about $108,000. Finally, Qube Research & Technologies Ltd raised its position in Corporacion America Airports by 110.6% in the third quarter. Qube Research & Technologies Ltd now owns 136,973 shares of the company’s stock worth $2,482,000 after purchasing an additional 71,922 shares in the last quarter. 12.95% of the stock is currently owned by institutional investors.

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.