Shares of Corporacion America Airports S.A. (NYSE:CAAP – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $28.6250.
Several research firms recently weighed in on CAAP. Wall Street Zen cut shares of Corporacion America Airports from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. The Goldman Sachs Group increased their target price on shares of Corporacion America Airports from $25.10 to $28.50 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Corporacion America Airports in a research note on Friday, March 27th.
View Our Latest Stock Analysis on CAAP
Corporacion America Airports Stock Up 3.3%
Corporacion America Airports (NYSE:CAAP – Get Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.04). Corporacion America Airports had a net margin of 13.79% and a return on equity of 17.40%. The company had revenue of $537.62 million for the quarter, compared to analyst estimates of $470.63 million. As a group, equities research analysts anticipate that Corporacion America Airports will post 2.41 EPS for the current year.
Institutional Investors Weigh In On Corporacion America Airports
Several hedge funds have recently made changes to their positions in the stock. Helikon Investments Ltd lifted its stake in shares of Corporacion America Airports by 1.0% in the fourth quarter. Helikon Investments Ltd now owns 13,565,960 shares of the company’s stock valued at $352,715,000 after buying an additional 135,515 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Corporacion America Airports by 2.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,271,822 shares of the company’s stock valued at $33,067,000 after buying an additional 29,590 shares during the period. Royal Bank of Canada lifted its stake in shares of Corporacion America Airports by 30.4% in the first quarter. Royal Bank of Canada now owns 1,042,548 shares of the company’s stock valued at $26,366,000 after buying an additional 243,092 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Corporacion America Airports by 52.1% in the fourth quarter. BNP Paribas Financial Markets now owns 752,402 shares of the company’s stock valued at $19,562,000 after buying an additional 257,699 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Corporacion America Airports by 5.3% in the fourth quarter. JPMorgan Chase & Co. now owns 650,757 shares of the company’s stock valued at $16,920,000 after buying an additional 32,652 shares during the period. Institutional investors own 12.95% of the company’s stock.
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.
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