Corporacion America Airports (NYSE:CAAP) Shares Gap Down – Should You Sell?

Shares of Corporacion America Airports S.A. (NYSE:CAAP) gapped down prior to trading on Friday. The stock had previously closed at $25.44, but opened at $24.30. Corporacion America Airports shares last traded at $24.5320, with a volume of 18,207 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CAAP. JPMorgan Chase & Co. dropped their price target on Corporacion America Airports from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, September 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a report on Monday, September 21st. Wall Street Zen cut shares of Corporacion America Airports from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, Zacks Research cut Corporacion America Airports from a “hold” rating to a “strong sell” rating in a report on Monday, September 21st. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $29.88.

Corporacion America Airports Trading Up 0.4%

The stock’s 50 day moving average is $24.60 and its 200-day moving average is $25.20. The company has a current ratio of 1.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.48. The company has a market cap of $4.03 billion, a P/E ratio of 13.69, a PEG ratio of 0.75 and a beta of 0.69.

Corporacion America Airports (NYSE:CAAP) last released its quarterly earnings data on Tuesday, August 18th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.18). The business had revenue of $534.04 million for the quarter, compared to analysts’ expectations of $497.52 million. Corporacion America Airports had a net margin of 13.58% and a return on equity of 16.69%. Research analysts anticipate that Corporacion America Airports S.A. will post 2.04 earnings per share for the current fiscal year.

Corporacion America Airports Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 31st were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, August 31st. Corporacion America Airports’s payout ratio is presently 51.12%.

Hedge Funds Weigh In On Corporacion America Airports

Several large investors have recently made changes to their positions in CAAP. BlackRock Inc. purchased a new stake in Corporacion America Airports during the second quarter valued at $38,001,000. Empowered Funds LLC purchased a new position in Corporacion America Airports during the 2nd quarter valued at $7,744,000. Pillsbury Lake Capital LLC purchased a new position in Corporacion America Airports in the 2nd quarter worth about $7,429,989. BNP Paribas Financial Markets raised its stake 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. Finally, Royal Bank of Canada lifted its holdings in shares of Corporacion America Airports by 30.4% in the 1st quarter. Royal Bank of Canada now owns 1,042,548 shares of the company’s stock worth $26,366,000 after buying an additional 243,092 shares during the period. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

Corporacion America Airports Company Profile

Corporación América Airports SA (NYSE: CAAP) is an airport operator and infrastructure company that develops, manages and operates airport concessions. Its activities include passenger and aircraft handling, airport maintenance, security coordination and the management of commercial services such as retail, food and beverage, parking and other passenger-related facilities.

The company has historically operated airports across several regions, including Argentina, Brazil, Ecuador, Uruguay, Armenia and Italy.