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

Zacks Research lowered shares of Corporacion America Airports (NYSE:CAAP) from a hold rating to a strong sell rating in a report released on Monday,Zacks reports.

A number of other brokerages have also issued reports on CAAP. JPMorgan Chase & Co. dropped their price target on shares of Corporacion America Airports from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, September 18th. Wall Street Zen cut Corporacion America Airports from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Corporacion America Airports in a research report on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.88.

Corporacion America Airports Stock Performance

Shares of Corporacion America Airports stock opened at $24.06 on Monday. Corporacion America Airports has a 12 month low of $17.36 and a 12 month high of $30.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.51 and a quick ratio of 1.48. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 0.71 and a beta of 0.69. The firm’s fifty day simple moving average is $24.63 and its 200-day simple moving average is $25.24.

Corporacion America Airports (NYSE:CAAP) last announced its earnings results on Tuesday, August 18th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.18). The business had revenue of $534.04 million during the quarter, compared to analysts’ expectations 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 analysts forecast that Corporacion America Airports will post 2.04 earnings per share for the current year.

Corporacion America Airports Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 31st were paid a dividend of $0.91 per share. The ex-dividend date was Monday, August 31st. Corporacion America Airports’s payout ratio is currently 51.12%.

Hedge Funds Weigh In On Corporacion America Airports

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Leonteq Securities AG acquired a new stake in Corporacion America Airports in the fourth quarter valued at $65,000. State of Wyoming acquired a new position in Corporacion America Airports during the 2nd quarter worth $72,000. Amundi bought a new stake in shares of Corporacion America Airports in the 2nd quarter worth about $216,000. Invst LLC bought a new stake in shares of Corporacion America Airports in the 2nd quarter worth about $255,000. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Corporacion America Airports in the 2nd quarter valued at about $282,000. 12.95% of the stock is owned by institutional investors and hedge funds.

About Corporacion America Airports

Corporación América Airports SA (NYSE: CAAP) is a private airport operator that develops, manages and operates airport concessions and related aviation infrastructure. Its activities include passenger terminal operations, airfield and runway management, cargo services, retail and commercial concessions, parking, and other services connected with airport facilities.

The company operates a geographically diversified portfolio of airports through long-term concession agreements and other operating arrangements.