Corporacion America Airports (NYSE:CAAP) Lowered to “Strong Sell” Rating by Zacks Research

Corporacion America Airports (NYSE:CAAP) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on CAAP. Weiss Ratings reissued a “buy (b)” rating on shares of Corporacion America Airports in a research report on Friday, March 27th. Wall Street Zen cut shares of Corporacion America Airports from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.63.

Corporacion America Airports Trading Down 2.5%

CAAP stock opened at $25.31 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.40 and a quick ratio of 1.38. The company has a fifty day moving average price of $25.50 and a two-hundred day moving average price of $26.15. Corporacion America Airports has a one year low of $17.36 and a one year high of $30.50. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 0.69 and a beta of 0.68.

Corporacion America Airports (NYSE:CAAP) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.04). Corporacion America Airports had a return on equity of 17.40% and a net margin of 13.79%.The company had revenue of $537.62 million for the quarter, compared to the consensus estimate of $470.63 million. Equities analysts anticipate that Corporacion America Airports will post 2.27 EPS for the current year.

Institutional Investors Weigh In On Corporacion America Airports

Institutional investors and hedge funds have recently bought and sold shares of the company. Aberdeen Group plc lifted its position in Corporacion America Airports by 5.2% during the third quarter. Aberdeen Group plc now owns 443,608 shares of the company’s stock worth $8,167,000 after purchasing an additional 21,908 shares during the period. GSA Capital Partners LLP lifted its position in Corporacion America Airports by 160.5% during the third quarter. GSA Capital Partners LLP now owns 55,417 shares of the company’s stock worth $1,004,000 after purchasing an additional 34,143 shares during the period. Altrinsic Global Advisors LLC bought a new stake in Corporacion America Airports during the third quarter worth about $649,000. Dynamic Technology Lab Private Ltd bought a new stake in Corporacion America Airports during the third quarter worth about $625,000. Finally, Apis Capital Advisors LLC bought a new stake in Corporacion America Airports during the third quarter worth about $725,000. Institutional investors own 12.95% of the company’s stock.

About Corporacion America Airports

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.