Corporacion America Airports S.A. (NYSE:CAAP – Get Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $24.10, but opened at $23.33. Corporacion America Airports shares last traded at $23.2340, with a volume of 20,821 shares changing hands.
Analyst Ratings Changes
Several research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Corporacion America Airports from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, June 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Corporacion America Airports in a research report on Wednesday, June 24th. Zacks Research raised Corporacion America Airports from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Finally, Wall Street Zen cut Corporacion America Airports from a “buy” rating to a “hold” rating in a research report on Saturday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.12.
View Our Latest Stock Report on Corporacion America Airports
Corporacion America Airports Stock Down 1.5%
Corporacion America Airports (NYSE:CAAP – Get Free Report) last released its earnings results on Tuesday, August 18th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.18). The company had revenue of $534.04 million for the quarter, compared to analyst estimates of $497.52 million. Corporacion America Airports had a net margin of 13.58% and a return on equity of 16.69%. On average, sell-side analysts expect that Corporacion America Airports S.A. will post 2.2 EPS for the current fiscal year.
Corporacion America Airports Dividend Announcement
The company also recently announced a dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be given a $0.91 dividend. The ex-dividend date is Monday, August 31st. Corporacion America Airports’s dividend payout ratio is 50.56%.
Hedge Funds Weigh In On Corporacion America Airports
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LMG Wealth Partners LLC raised its stake in shares of Corporacion America Airports by 0.4% in the 1st quarter. LMG Wealth Partners LLC now owns 103,239 shares of the company’s stock worth $2,611,000 after buying an additional 407 shares in the last quarter. Thoroughbred Financial Services LLC boosted its stake in Corporacion America Airports by 1.0% during the fourth quarter. Thoroughbred Financial Services LLC now owns 46,964 shares of the company’s stock valued at $1,221,000 after buying an additional 455 shares in the last quarter. Rhumbline Advisers boosted its stake in Corporacion America Airports by 10.0% during 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 boosted its stake in Corporacion America Airports by 5.7% during the fourth quarter. Mariner LLC now owns 13,873 shares of the company’s stock valued at $361,000 after buying an additional 746 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec grew its holdings in Corporacion America Airports by 15.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 5,980 shares of the company’s stock worth $155,000 after acquiring an additional 782 shares during the period. 12.95% of the stock is owned by 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.
Featured Articles
- Five stocks we like better than Corporacion America Airports
- Dutch Bros Sell-Off Creates a Growth Opportunity
- NVIDIA’s MediaTek Bet Shows How It Plans to Defend Its AI Moat
- Is Abercrombie & Fitch’s Hot Streak Just Getting Started?
- Medtronic’s Stars Are Aligning for a Price Recovery
Receive News & Ratings for Corporacion America Airports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corporacion America Airports and related companies with MarketBeat.com's FREE daily email newsletter.
