Corporacion America Airports S.A. (NYSE:CAAP) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Corporacion America Airports S.A. (NYSE:CAAP) have been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $26.60.

A number of research analysts have recently weighed in on the company. Wall Street Zen raised Corporacion America Airports from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Citigroup assumed coverage on shares of Corporacion America Airports in a report on Thursday, October 30th. They set a “buy” rating and a $28.00 price target on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Corporacion America Airports in a research report on Monday, December 29th. The Goldman Sachs Group raised their price objective on shares of Corporacion America Airports from $25.10 to $28.50 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Finally, 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.

Corporacion America Airports Stock Performance

Shares of Corporacion America Airports stock opened at $27.88 on Tuesday. Corporacion America Airports has a 1-year low of $15.01 and a 1-year high of $30.50. The company’s fifty day simple moving average is $27.13 and its 200-day simple moving average is $23.03. The company has a current ratio of 1.53, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68.

Corporacion America Airports (NYSE:CAAP) last announced its earnings results on Monday, November 24th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $492.00 million. During the same period in the prior year, the business posted $0.09 earnings per share. On average, equities analysts anticipate that Corporacion America Airports will post 0.95 earnings per share for the current year.

Institutional Trading of Corporacion America Airports

Several institutional investors and hedge funds have recently added to or reduced their stakes in CAAP. LMG Wealth Partners LLC lifted its holdings in Corporacion America Airports by 3.0% in the 2nd quarter. LMG Wealth Partners LLC now owns 98,050 shares of the company’s stock worth $1,986,000 after purchasing an additional 2,866 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of Corporacion America Airports by 10.3% during 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 last quarter. Yorktown Management & Research Co Inc purchased a new position in shares of Corporacion America Airports in the second quarter worth $276,000. Meixler Investment Management Ltd. boosted its position in shares of Corporacion America Airports by 2.6% during the second quarter. Meixler Investment Management Ltd. now owns 54,362 shares of the company’s stock worth $1,101,000 after acquiring an additional 1,370 shares during the last quarter. Finally, Metis Global Partners LLC grew its stake in Corporacion America Airports by 26.9% during the second quarter. Metis Global Partners LLC now owns 21,829 shares of the company’s stock valued at $442,000 after acquiring an additional 4,634 shares in 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.