Weiss Ratings Reiterates “Buy (B)” Rating for Corporacion America Airports (NYSE:CAAP)

Corporacion America Airports (NYSE:CAAP)‘s stock had its “buy (b)” rating restated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other research analysts have also recently commented on CAAP. JPMorgan Chase & Co. boosted their target price on Corporacion America Airports from $24.00 to $24.50 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Wall Street Zen raised Corporacion America Airports from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $23.20.

Corporacion America Airports Trading Up 2.1%

Shares of NYSE CAAP opened at $18.00 on Wednesday. Corporacion America Airports has a twelve month low of $15.01 and a twelve month high of $22.85. The company has a current ratio of 1.49, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. The stock has a fifty day simple moving average of $19.87 and a 200-day simple moving average of $19.72. The stock has a market capitalization of $2.94 billion, a PE ratio of 21.18, a PEG ratio of 0.60 and a beta of 1.44.

Corporacion America Airports (NYSE:CAAP) last released its earnings results on Wednesday, August 20th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.17). Corporacion America Airports had a return on equity of 9.06% and a net margin of 7.53%.The company had revenue of $476.80 million for the quarter, compared to analyst estimates of $423.15 million. On average, equities analysts forecast that Corporacion America Airports will post 0.95 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CAAP. Helikon Investments Ltd boosted its position in shares of Corporacion America Airports by 92.3% during the 1st quarter. Helikon Investments Ltd now owns 13,622,399 shares of the company’s stock worth $249,290,000 after acquiring an additional 6,537,641 shares in the last quarter. Fourth Sail Capital LP boosted its position in shares of Corporacion America Airports by 9.0% during the 1st quarter. Fourth Sail Capital LP now owns 1,584,784 shares of the company’s stock worth $29,002,000 after acquiring an additional 130,702 shares in the last quarter. Empirical Finance LLC acquired a new position in shares of Corporacion America Airports during the 1st quarter worth about $1,631,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Corporacion America Airports by 9.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 933,660 shares of the company’s stock worth $17,086,000 after acquiring an additional 82,335 shares in the last quarter. Finally, Aberdeen Group plc boosted its position in shares of Corporacion America Airports by 14.7% during the 1st quarter. Aberdeen Group plc now owns 420,300 shares of the company’s stock worth $7,691,000 after acquiring an additional 53,938 shares in the last quarter. 12.95% of the stock is owned by institutional investors and hedge funds.

Corporacion America Airports Company Profile

Corporación América Airports SA, through its subsidiaries, acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly known as A.C.I. Airports International S.à r.l. and changed its name to Corporación América Airports SA in September 2017.