Corporacion America Airports (NYSE:CAAP) Reaches New 1-Year High – Should You Buy?

Corporacion America Airports S.A. (NYSE:CAAP)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $28.03 and last traded at $27.6320, with a volume of 112317 shares. The stock had previously closed at $26.31.

Wall Street Analysts Forecast Growth

CAAP has been the subject of several research analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a $31.00 target price on shares of Corporacion America Airports in a research note on Wednesday. Wall Street Zen upgraded shares of Corporacion America Airports from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. JPMorgan Chase & Co. boosted their price target on Corporacion America Airports from $24.50 to $27.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Zacks Research downgraded Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Corporacion America Airports in a research note on Monday, December 29th. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.22.

Corporacion America Airports Price Performance

The company has a 50-day moving average of $25.34 and a 200 day moving average of $21.84. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.51 and a current ratio of 1.53. The firm has a market cap of $4.49 billion, a P/E ratio of 25.00, a P/E/G ratio of 0.70 and a beta of 0.77.

Corporacion America Airports (NYSE:CAAP) last released its quarterly earnings data on Monday, November 24th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.19). The company had revenue of $532.10 million for the quarter, compared to analyst estimates of $492.00 million. Corporacion America Airports had a return on equity of 11.64% and a net margin of 9.39%.During the same quarter in the prior year, the company earned $0.09 earnings per share. On average, sell-side analysts anticipate that Corporacion America Airports S.A. will post 0.95 EPS for the current year.

Institutional Trading of Corporacion America Airports

Several hedge funds have recently modified their holdings of CAAP. Allianz SE bought a new position in shares of Corporacion America Airports in the second quarter valued at about $738,000. Empirical Finance LLC increased its position in Corporacion America Airports by 56.4% in the 2nd quarter. Empirical Finance LLC now owns 139,327 shares of the company’s stock valued at $2,823,000 after acquiring an additional 50,215 shares in the last quarter. Inceptionr LLC acquired a new stake in Corporacion America Airports in the 2nd quarter valued at about $215,000. Yorktown Management & Research Co Inc bought a new position in shares of Corporacion America Airports in the second quarter worth about $276,000. Finally, Aberdeen Group plc lifted its position in shares of Corporacion America Airports by 0.3% during the second quarter. Aberdeen Group plc now owns 421,700 shares of the company’s stock worth $8,544,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors and hedge funds 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.