Corporacion America Airports SA (CAAP) Given $16.00 Average Target Price by Analysts

Shares of Corporacion America Airports SA (NYSE:CAAP) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Brokerages have set a 1-year consensus price target of $16.00 for the company and are anticipating that the company will post $0.14 EPS for the current quarter, according to Zacks. Zacks has also assigned Corporacion America Airports an industry rank of 240 out of 255 based on the ratings given to related companies.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Corporacion America Airports from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. Bank of America lowered their target price on shares of Corporacion America Airports from $23.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, September 10th.

Corporacion America Airports stock opened at $8.13 on Friday. The stock has a market cap of $1.37 billion and a price-to-earnings ratio of 17.30. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.28 and a current ratio of 1.31. Corporacion America Airports has a 52 week low of $7.83 and a 52 week high of $17.99.

Corporacion America Airports (NYSE:CAAP) last released its earnings results on Tuesday, August 21st. The company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.27). The business had revenue of $397.10 million for the quarter, compared to analysts’ expectations of $373.10 million. As a group, research analysts forecast that Corporacion America Airports will post 0.31 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Corporacion America Airports in the 1st quarter worth approximately $14,948,000. Russell Investments Group Ltd. acquired a new position in shares of Corporacion America Airports in the 1st quarter worth approximately $8,879,000. Millennium Management LLC acquired a new position in shares of Corporacion America Airports in the 1st quarter worth approximately $4,785,000. Newfoundland Capital Management acquired a new position in shares of Corporacion America Airports in the 1st quarter worth approximately $678,000. Finally, RWC Asset Management LLP grew its stake in shares of Corporacion America Airports by 20.1% in the 2nd quarter. RWC Asset Management LLP now owns 4,851,705 shares of the company’s stock worth $40,948,000 after purchasing an additional 811,475 shares during the last quarter. 13.31% of the stock is currently owned by hedge funds and other institutional investors.

About Corporacion America Airports

Corporación América Airports SA acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly knwona as A.C.I. Airports International S.à r.l. The company was founded in 1998 and is based in Luxembourg City, Luxembourg. Corporación América Airports SA is a subsidiary of A.C.I.

Further Reading: Earnings Per Share

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