Corporacion America Airports (NYSE:CAAP) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Corporacion America Airports (NYSE:CAAP) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

A number of other brokerages also recently issued reports on CAAP. JPMorgan Chase & Co. increased their price objective on shares of Corporacion America Airports from $24.00 to $24.50 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a report on Wednesday, October 8th. 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. Finally, Citigroup initiated coverage on shares of Corporacion America Airports in a research report on Thursday, October 30th. They set a “buy” rating and a $28.00 price objective for the company. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Corporacion America Airports currently has an average rating of “Moderate Buy” and an average price target of $24.40.

Corporacion America Airports Trading Up 0.0%

Shares of NYSE:CAAP opened at $21.92 on Friday. The business’s 50 day simple moving average is $19.38 and its 200 day simple moving average is $20.05. Corporacion America Airports has a 1 year low of $15.01 and a 1 year high of $22.85. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.47. The company has a market capitalization of $3.58 billion, a P/E ratio of 25.78, a P/E/G ratio of 0.76 and a beta of 1.38.

Corporacion America Airports (NYSE:CAAP) last announced 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 company had revenue of $476.80 million during the quarter, compared to analyst estimates of $423.15 million. Corporacion America Airports had a net margin of 7.53% and a return on equity of 9.06%. On average, research analysts anticipate that Corporacion America Airports will post 0.95 EPS for the current fiscal year.

Hedge Funds Weigh In On Corporacion America Airports

Large investors have recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of Corporacion America Airports during the first quarter valued at about $50,000. Rhumbline Advisers increased its stake 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 during the period. State of Wyoming raised its holdings in Corporacion America Airports by 199.0% in the 1st quarter. State of Wyoming now owns 9,002 shares of the company’s stock valued at $165,000 after buying an additional 5,991 shares during the last quarter. Inceptionr LLC acquired a new stake in Corporacion America Airports during the 2nd quarter worth approximately $215,000. Finally, Sage Investment Counsel LLC grew its holdings in Corporacion America Airports by 21.6% during the 3rd quarter. Sage Investment Counsel LLC now owns 12,400 shares of the company’s stock worth $225,000 after acquiring an additional 2,200 shares during 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.