A number of research firms have changed their ratings and price targets for Corporacion America Airports (NYSE: CAAP):

  • 9/24/2018 – Corporacion America Airports was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Corporacion America Airports SA is a focused on acquiring, developing and operating airport concessions. The Company is a private sector airport operator. It operates primarily in Latin America, Europe and Eurasia. Corporacion America Airports SA is based in Luxembourg. “
  • 9/17/2018 – Corporacion America Airports was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Corporacion America Airports SA is a focused on acquiring, developing and operating airport concessions. The Company is a private sector airport operator. It operates primarily in Latin America, Europe and Eurasia. Corporacion America Airports SA is based in Luxembourg. “
  • 9/11/2018 – Corporacion America Airports was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Corporacion America Airports SA is a focused on acquiring, developing and operating airport concessions. The Company is a private sector airport operator. It operates primarily in Latin America, Europe and Eurasia. Corporacion America Airports SA is based in Luxembourg. “
  • 9/10/2018 – Corporacion America Airports had its price target lowered by analysts at Bank of America Corp from $23.00 to $14.00. They now have a “buy” rating on the stock.
  • 9/3/2018 – Corporacion America Airports was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Corporacion America Airports SA is a focused on acquiring, developing and operating airport concessions. The Company is a private sector airport operator. It operates primarily in Latin America, Europe and Eurasia. Corporacion America Airports SA is based in Luxembourg. “
  • 8/24/2018 – Corporacion America Airports was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Corporacion America Airports SA is a focused on acquiring, developing and operating airport concessions. The Company is a private sector airport operator. It operates primarily in Latin America, Europe and Eurasia. Corporacion America Airports SA is based in Luxembourg. “

Shares of CAAP stock traded down $0.16 during mid-day trading on Tuesday, reaching $9.03. 3,709 shares of the stock traded hands, compared to its average volume of 196,419. Corporacion America Airports SA has a 1-year low of $7.83 and a 1-year high of $17.99. The firm has a market capitalization of $1.54 billion and a price-to-earnings ratio of 19.21. The company has a current ratio of 1.31, a quick ratio of 1.28 and a debt-to-equity ratio of 1.32.

Corporacion America Airports (NYSE:CAAP) last announced its quarterly earnings results on Tuesday, August 21st. The company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.27). The firm had revenue of $397.10 million during the quarter, compared to analysts’ expectations of $373.10 million. sell-side analysts predict that Corporacion America Airports SA will post 0.31 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Engineers Gate Manager LP bought a new position in shares of Corporacion America Airports during the first quarter worth about $162,000. BlackRock Inc. bought a new position in shares of Corporacion America Airports during the first quarter worth about $14,948,000. Russell Investments Group Ltd. bought a new position in shares of Corporacion America Airports during the first quarter worth about $8,879,000. Citadel Advisors LLC bought a new position in shares of Corporacion America Airports during the first quarter worth about $3,036,000. Finally, River & Mercantile Asset Management LLP bought a new position in shares of Corporacion America Airports during the first quarter worth about $5,451,000. 13.31% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: Hedge Funds – Risk or Reward?

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