Corporacion America Airports S.A. (NYSE:CAAP) Stock Has Average Price Target of $29.88 According to Brokerages

Shares of Corporacion America Airports S.A. (NYSE:CAAP) have received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $29.88.

A number of research firms have issued reports on CAAP. Wall Street Zen downgraded shares of Corporacion America Airports from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Corporacion America Airports in a research report on Monday, September 21st. JPMorgan Chase & Co. dropped their price target on shares of Corporacion America Airports from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, September 18th. Finally, Zacks Research downgraded shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research note on Monday, September 21st.

Corporacion America Airports Trading Up 0.1%

CAAP stock opened at $24.30 on Wednesday. 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 company has a market cap of $4.01 billion, a P/E ratio of 13.65, a PEG ratio of 0.72 and a beta of 0.69. The business has a fifty day moving average of $24.59 and a 200-day moving average of $25.20.

Corporacion America Airports (NYSE:CAAP) last posted its quarterly earnings results on Tuesday, August 18th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.18). The firm had revenue of $534.04 million during the quarter, compared to the consensus estimate of $497.52 million. Corporacion America Airports had a net margin of 13.58% and a return on equity of 16.69%. As a group, equities research analysts expect that Corporacion America Airports will post 2.04 EPS for the current year.

Corporacion America Airports Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 31st were given a dividend of $0.91 per share. The ex-dividend date was Monday, August 31st. Corporacion America Airports’s payout ratio is presently 50.56%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CAAP. Empowered Funds LLC acquired a new position in Corporacion America Airports in the second quarter valued at about $7,744,000. Pillsbury Lake Capital LLC bought a new position in Corporacion America Airports during the second quarter worth about $7,429,989. BlackRock Inc. bought a new position in Corporacion America Airports during the second quarter worth about $38,001,000. Royal Bank of Canada grew its position in shares of Corporacion America Airports by 30.4% during 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. Finally, Vise Technologies Inc. acquired a new position in shares of Corporacion America Airports during the 2nd quarter worth about $2,007,000. Institutional investors and hedge funds own 12.95% of the company’s stock.

About Corporacion America Airports

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.