Corporacion America Airports (NYSE:CAAP) Upgraded by Zacks Research to Hold Rating

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

A number of other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Corporacion America Airports from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, June 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Corporacion America Airports in a report on Wednesday, June 24th. Finally, Wall Street Zen downgraded Corporacion America Airports from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.12.

Corporacion America Airports Stock Down 2.1%

Shares of Corporacion America Airports stock opened at $25.13 on Monday. The company has a market cap of $4.15 billion, a P/E ratio of 14.28, a PEG ratio of 0.70 and a beta of 0.69. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.38 and a current ratio of 1.40. Corporacion America Airports has a one year low of $17.36 and a one year high of $30.50. The firm has a fifty day moving average of $25.66 and a two-hundred day moving average of $26.39.

Corporacion America Airports (NYSE:CAAP) last released its earnings results on Thursday, May 14th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.04). The firm had revenue of $537.62 million during the quarter, compared to analyst estimates of $470.63 million. Corporacion America Airports had a return on equity of 17.40% and a net margin of 13.79%. On average, analysts forecast that Corporacion America Airports will post 2.2 earnings per share for the current year.

Hedge Funds Weigh In On Corporacion America Airports

Several hedge funds have recently bought and sold shares of CAAP. LMG Wealth Partners LLC raised its holdings in Corporacion America Airports by 0.4% during the first quarter. LMG Wealth Partners LLC now owns 103,239 shares of the company’s stock worth $2,611,000 after purchasing an additional 407 shares during the last quarter. Thoroughbred Financial Services LLC grew its holdings in Corporacion America Airports by 1.0% in the fourth quarter. Thoroughbred Financial Services LLC now owns 46,964 shares of the company’s stock valued at $1,221,000 after purchasing an additional 455 shares during the last quarter. Rhumbline Advisers increased its position in shares of Corporacion America Airports by 10.0% in the third quarter. Rhumbline Advisers now owns 6,600 shares of the company’s stock valued at $120,000 after buying an additional 600 shares in the last quarter. Mariner LLC raised its stake in shares of Corporacion America Airports by 5.7% during the 4th quarter. Mariner LLC now owns 13,873 shares of the company’s stock worth $361,000 after buying an additional 746 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec raised its stake in shares of Corporacion America Airports by 15.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 5,980 shares of the company’s stock worth $155,000 after buying an additional 782 shares during the last quarter. 12.95% of the stock is owned by hedge funds and other institutional investors.

About Corporacion America Airports

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.