Corporacion America Airports (NYSE:CAAP) Hits New 52-Week High – Here’s Why

Corporacion America Airports S.A. (NYSE:CAAP)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $29.09 and last traded at $28.3560, with a volume of 387698 shares changing hands. The stock had previously closed at $28.16.

Analysts Set New Price Targets

CAAP has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Corporacion America Airports from $24.50 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Zacks Research cut shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a report on Monday. Wall Street Zen upgraded shares of Corporacion America Airports from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Citigroup started coverage on shares of Corporacion America Airports in a research report on Thursday, October 30th. They issued a “buy” rating and a $28.00 price target for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Corporacion America Airports in a research note on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.22.

Corporacion America Airports Trading Down 0.0%

The stock has a market cap of $4.74 billion, a price-to-earnings ratio of 26.42, a P/E/G ratio of 0.78 and a beta of 0.77. The business’s 50 day moving average is $26.01 and its 200 day moving average is $22.18. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.53 and a quick ratio of 1.51.

Corporacion America Airports (NYSE:CAAP) last posted its quarterly earnings results on Monday, November 24th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.19). The business had revenue of $532.10 million during the quarter, compared to analyst estimates of $492.00 million. Corporacion America Airports had a net margin of 9.39% and a return on equity of 11.64%. During the same quarter in the prior year, the business earned $0.09 earnings per share. As a group, equities analysts expect that Corporacion America Airports S.A. will post 0.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Corporacion America Airports

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. NBC Securities Inc. increased its stake in Corporacion America Airports by 19.4% in the fourth quarter. NBC Securities Inc. now owns 11,123 shares of the company’s stock valued at $289,000 after purchasing an additional 1,808 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new position in shares of Corporacion America Airports in the 3rd quarter valued at $223,000. PharVision Advisers LLC purchased a new position in shares of Corporacion America Airports in the 3rd quarter valued at $656,000. Verition Fund Management LLC grew its position in shares of Corporacion America Airports by 151.6% in the 3rd quarter. Verition Fund Management LLC now owns 26,670 shares of the company’s stock valued at $483,000 after buying an additional 16,070 shares during the last quarter. Finally, Quarry LP acquired a new stake in Corporacion America Airports during the 3rd quarter worth $108,000. 12.95% of the stock is owned by institutional investors and hedge funds.

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.