Corporacion America Airports S.A. (NYSE:CAAP) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Corporacion America Airports S.A. (NYSE:CAAP) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $29.88.

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Corporacion America Airports in a research report on Monday, September 21st. Zacks Research lowered Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research note on Monday, September 21st. Wall Street Zen cut Corporacion America Airports from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Finally, JPMorgan Chase & Co. dropped their price objective on 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.

Institutional Investors Weigh In On Corporacion America Airports

A number of institutional investors and hedge funds have recently modified their holdings of the stock. LMG Wealth Partners LLC boosted its stake in shares of Corporacion America Airports by 0.4% during the 1st quarter. LMG Wealth Partners LLC now owns 103,239 shares of the company’s stock worth $2,611,000 after acquiring an additional 407 shares in the last quarter. State of Wyoming bought a new stake in Corporacion America Airports during the second quarter worth approximately $72,000. Polen Capital Management LLC boosted its position in Corporacion America Airports by 18.9% during the fourth quarter. Polen Capital Management LLC now owns 51,919 shares of the company’s stock worth $1,350,000 after purchasing an additional 8,268 shares during the period. Amundi acquired a new position in Corporacion America Airports during the second quarter valued at approximately $216,000. Finally, Invst LLC acquired a new position in Corporacion America Airports during the second quarter valued at approximately $255,000. 12.95% of the stock is owned by institutional investors and hedge funds.

Corporacion America Airports Stock Performance

Shares of CAAP stock opened at $24.30 on Wednesday. Corporacion America Airports has a 52 week low of $17.36 and a 52 week high of $30.50. 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 business has a 50 day moving average of $24.59 and a two-hundred day moving average of $25.20. The company has a market cap of $4.02 billion, a P/E ratio of 13.65, a PEG ratio of 0.72 and a beta of 0.69.

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

Corporacion America Airports Dividend Announcement

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

Corporacion America Airports Company Profile

Corporación América Airports SA (NYSE: CAAP) is an airport operator and infrastructure company that develops, manages and operates airport concessions. Its activities include passenger and aircraft handling, airport maintenance, security coordination and the management of commercial services such as retail, food and beverage, parking and other passenger-related facilities.

The company has historically operated airports across several regions, including Argentina, Brazil, Ecuador, Uruguay, Armenia and Italy.