Corporacion America Airports (NYSE:CAAP) Stock Rating Lowered by Zacks Research

Corporacion America Airports (NYSE:CAAP) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday, Zacks reports.

CAAP has been the subject of several other research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Corporacion America Airports in a report on Wednesday, June 24th. JPMorgan Chase & Co. cut their price objective on Corporacion America Airports from $33.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, September 18th. Finally, Wall Street Zen downgraded Corporacion America Airports from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.88.

Corporacion America Airports Trading Down 0.5%

NYSE CAAP opened at $24.06 on Monday. The company has a quick ratio of 1.48, a current ratio of 1.51 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average is $24.63 and its 200 day moving average is $25.24. The firm has a market capitalization of $3.98 billion, a PE ratio of 13.52, a P/E/G ratio of 0.71 and a beta of 0.69. Corporacion America Airports has a twelve month low of $17.36 and a twelve month high of $30.50.

Corporacion America Airports (NYSE:CAAP) last issued its earnings results on Tuesday, August 18th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.18). The firm had revenue of $534.04 million during the quarter, compared to analysts’ expectations of $497.52 million. Corporacion America Airports had a return on equity of 16.69% and a net margin of 13.58%. Research analysts forecast that Corporacion America Airports will post 2.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Corporacion America Airports

A number of large investors have recently bought and sold shares of CAAP. Leonteq Securities AG bought a new position in shares of Corporacion America Airports in the 4th quarter worth $65,000. State of Wyoming purchased a new stake in shares of Corporacion America Airports during the second quarter valued at about $72,000. Amundi purchased a new stake in shares of Corporacion America Airports during the second quarter valued at about $216,000. Invst LLC bought a new stake in shares of Corporacion America Airports in the 2nd quarter valued at about $255,000. Finally, Valeo Financial Advisors LLC purchased a new position in shares of Corporacion America Airports in the 2nd quarter worth approximately $282,000. Institutional investors own 12.95% of the company’s stock.

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.