Corporacion America Airports (NYSE:CAAP) Price Target Raised to $24.00

Corporacion America Airports (NYSE:CAAP) had its price objective hoisted by JPMorgan Chase & Co. from $22.50 to $24.00 in a report published on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms have also recently weighed in on CAAP. Itau BBA Securities started coverage on shares of Corporacion America Airports in a report on Monday, April 28th. They set an “outperform” rating and a $20.40 price target on the stock. Bank of America started coverage on shares of Corporacion America Airports in a research note on Thursday, May 22nd. They issued a “buy” rating and a $24.70 target price on the stock.

Corporacion America Airports Stock Up 2.0%

Corporacion America Airports stock opened at $20.88 on Wednesday. Corporacion America Airports has a fifty-two week low of $13.97 and a fifty-two week high of $22.13. The stock has a market cap of $3.41 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 0.66 and a beta of 1.43. The firm’s 50-day simple moving average is $20.41 and its 200 day simple moving average is $19.25. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.37 and a current ratio of 1.39.

Corporacion America Airports (NYSE:CAAP) last released its quarterly earnings results on Thursday, May 22nd. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.26). Corporacion America Airports had a return on equity of 9.33% and a net margin of 7.84%. The firm had revenue of $446.20 million for the quarter, compared to analysts’ expectations of $418.00 million. Research analysts predict that Corporacion America Airports will post 0.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Metis Global Partners LLC lifted its stake in shares of Corporacion America Airports by 14.8% during the 4th quarter. Metis Global Partners LLC now owns 16,024 shares of the company’s stock valued at $299,000 after buying an additional 2,066 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Corporacion America Airports during the 4th quarter valued at approximately $1,189,000. Stokes Family Office LLC lifted its stake in shares of Corporacion America Airports by 1.8% during the 4th quarter. Stokes Family Office LLC now owns 279,535 shares of the company’s stock valued at $5,216,000 after buying an additional 5,000 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Corporacion America Airports by 25.6% during the 4th quarter. Wells Fargo & Company MN now owns 83,141 shares of the company’s stock valued at $1,551,000 after buying an additional 16,941 shares in the last quarter. Finally, Mariner LLC purchased a new stake in shares of Corporacion America Airports during the 4th quarter valued at approximately $255,000. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

Corporacion America Airports Company Profile

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.