Corporación América Airports (NYSE:CAAP) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Corporación América Airports (NYSE:CAAP) in a research report released on Friday morning, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $22.50 price objective on the stock.

Corporación América Airports Price Performance

Corporación América Airports stock opened at $18.43 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.29 and a debt-to-equity ratio of 0.71. Corporación América Airports has a 52-week low of $13.97 and a 52-week high of $20.79. The firm has a market cap of $3.01 billion, a PE ratio of 8.53 and a beta of 1.97. The company’s 50 day moving average is $18.95 and its two-hundred day moving average is $18.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE boosted its stake in shares of Corporación América Airports by 6.6% in the 4th quarter. Bank of America Corp DE now owns 13,437 shares of the company’s stock valued at $251,000 after buying an additional 836 shares during the period. BNP Paribas Financial Markets lifted its stake in Corporación América Airports by 125.4% in the fourth quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company’s stock worth $58,000 after acquiring an additional 1,726 shares during the last quarter. Metis Global Partners LLC lifted its stake in Corporación América Airports by 14.8% in the fourth quarter. Metis Global Partners LLC now owns 16,024 shares of the company’s stock worth $299,000 after acquiring an additional 2,066 shares during the last quarter. Invst LLC grew its holdings in Corporación América Airports by 8.1% during the 4th quarter. Invst LLC now owns 46,618 shares of the company’s stock worth $870,000 after acquiring an additional 3,494 shares in the last quarter. Finally, Stokes Family Office LLC increased its position in shares of Corporación América Airports by 1.8% in the 4th quarter. Stokes Family Office LLC now owns 279,535 shares of the company’s stock valued at $5,216,000 after purchasing an additional 5,000 shares during the last quarter. 12.95% of the stock is owned by institutional investors and hedge funds.

About Corporación América 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.