Corporacion America Airports SA (NYSE:CAAP) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 1-year consensus target price of $16.00 for the company and are forecasting that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Corporacion America Airports an industry rank of 210 out of 255 based on the ratings given to its competitors.

Several research firms have commented on CAAP. Zacks Investment Research downgraded shares of Corporacion America Airports from a “buy” rating to a “hold” rating in a report on Tuesday, May 29th. Bank of America dropped their price objective on shares of Corporacion America Airports from $23.00 to $14.00 and set a “buy” rating for the company in a report on Monday, September 10th.

Corporacion America Airports stock traded down $0.41 during mid-day trading on Wednesday, hitting $9.19. The stock had a trading volume of 504 shares, compared to its average volume of 196,419. The company has a market capitalization of $1.54 billion and a P/E ratio of 19.83. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.28 and a current ratio of 1.31. Corporacion America Airports has a one year low of $7.83 and a one year high of $17.99.

Corporacion America Airports (NYSE:CAAP) last issued its earnings results on Tuesday, August 21st. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.27). The company had revenue of $397.10 million for the quarter, compared to the consensus estimate of $373.10 million. analysts forecast that Corporacion America Airports will post 0.31 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CAAP. Engineers Gate Manager LP purchased a new stake in Corporacion America Airports in the 1st quarter worth about $162,000. GSA Capital Partners LLP purchased a new stake in Corporacion America Airports in the 2nd quarter worth about $190,000. Malaga Cove Capital LLC purchased a new stake in Corporacion America Airports in the 2nd quarter worth about $224,000. Standard Life Aberdeen plc purchased a new stake in Corporacion America Airports in the 2nd quarter worth about $481,000. Finally, FMR LLC raised its position in Corporacion America Airports by 218.4% in the 2nd quarter. FMR LLC now owns 62,080 shares of the company’s stock worth $524,000 after purchasing an additional 42,580 shares during the period. 13.31% of the stock is owned by institutional investors and hedge funds.

Corporacion America Airports Company Profile

Corporación América Airports SA acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly knwona as A.C.I. Airports International S.à r.l. The company was founded in 1998 and is based in Luxembourg City, Luxembourg. Corporación América Airports SA is a subsidiary of A.C.I.

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