Corporacion America Airports (NYSE:CAAP) Sets New 12-Month High – Here’s What Happened

Shares of Corporacion America Airports S.A. (NYSE:CAAP) reached a new 52-week high on Tuesday . The company traded as high as $23.02 and last traded at $23.0150, with a volume of 179426 shares. The stock had previously closed at $22.00.

Analyst Upgrades and Downgrades

CAAP has been the topic of a number of research analyst reports. Citigroup initiated coverage on Corporacion America Airports in a research note on Thursday, October 30th. They issued a “buy” rating and a $28.00 price target on the stock. Zacks Research lowered shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Wall Street Zen cut shares of Corporacion America Airports from a “buy” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. upped their price target on shares of Corporacion America Airports from $24.00 to $24.50 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Corporacion America Airports in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.40.

Corporacion America Airports Price Performance

The company has a quick ratio of 1.47, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The company’s 50 day moving average is $19.39 and its 200 day moving average is $20.08. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 0.76 and a beta of 1.37.

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

Institutional Investors Weigh In On Corporacion America Airports

Several institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers increased its stake in Corporacion America Airports by 10.0% during the 3rd quarter. Rhumbline Advisers now owns 6,600 shares of the company’s stock worth $120,000 after acquiring an additional 600 shares during the period. Meixler Investment Management Ltd. increased its position in shares of Corporacion America Airports by 2.6% in the second quarter. Meixler Investment Management Ltd. now owns 54,362 shares of the company’s stock worth $1,101,000 after purchasing an additional 1,370 shares during the period. Aberdeen Group plc raised its stake in Corporacion America Airports by 0.3% in the second quarter. Aberdeen Group plc now owns 421,700 shares of the company’s stock valued at $8,544,000 after purchasing an additional 1,400 shares in the last quarter. Stokes Family Office LLC raised its stake in Corporacion America Airports by 0.7% in the second quarter. Stokes Family Office LLC now owns 224,050 shares of the company’s stock valued at $4,539,000 after purchasing an additional 1,500 shares in the last quarter. Finally, HighVista Strategies LLC grew its stake in Corporacion America Airports by 3.0% during the second quarter. HighVista Strategies LLC now owns 62,000 shares of the company’s stock worth $1,256,000 after buying an additional 1,800 shares in the last quarter. 12.95% of the stock is currently owned by institutional investors.

About Corporacion America Airports

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.