Corporacion America Airports (NYSE:CAAP – Free Report) had its price objective cut by JPMorgan Chase & Co. from $33.00 to $32.00 in a report released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.
CAAP has been the subject of a number of other reports. Wall Street Zen cut shares of Corporacion America Airports from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Zacks Research raised Corporacion America Airports from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Corporacion America Airports in a research report on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Corporacion America Airports presently has a consensus rating of “Moderate Buy” and an average target price of $29.88.
View Our Latest Research Report on Corporacion America Airports
Corporacion America Airports Price Performance
Corporacion America Airports (NYSE:CAAP – Get Free Report) last released its quarterly earnings data on Tuesday, August 18th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.18). Corporacion America Airports had a net margin of 13.58% and a return on equity of 16.69%. The company had revenue of $534.04 million during the quarter, compared to analyst estimates of $497.52 million. As a group, sell-side analysts predict that Corporacion America Airports will post 2.2 earnings per share for the current fiscal year.
Corporacion America Airports Announces Dividend
The business also recently disclosed a dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 31st were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, August 31st. Corporacion America Airports’s payout ratio is currently 51.12%.
Institutional Trading of Corporacion America Airports
Large investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Corporacion America Airports in the second quarter valued at approximately $38,001,000. Royal Bank of Canada increased its stake in 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 purchasing an additional 243,092 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Corporacion America Airports by 52.1% during the 4th quarter. BNP Paribas Financial Markets now owns 752,402 shares of the company’s stock worth $19,562,000 after acquiring an additional 257,699 shares during the period. Empowered Funds LLC raised its stake in Corporacion America Airports by 74.4% during the first quarter. Empowered Funds LLC now owns 425,585 shares of the company’s stock worth $10,763,000 after purchasing an additional 181,598 shares during the period. Finally, Pillsbury Lake Capital LLC purchased a new position in shares of Corporacion America Airports in the 2nd quarter worth $7,429,989. Institutional investors and hedge funds own 12.95% of the company’s stock.
About Corporacion America Airports
Corporación América Airports SA (NYSE: CAAP) is a private airport operator that develops, manages and operates airport concessions and related aviation infrastructure. Its activities include passenger terminal operations, airfield and runway management, cargo services, retail and commercial concessions, parking, and other services connected with airport facilities.
The company operates a geographically diversified portfolio of airports through long-term concession agreements and other operating arrangements.
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