Corporacion America Airports SA (CAAP) Given Consensus Rating of “Strong Buy” by Brokerages

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

Brokers have set a 12 month consensus target price of $10.50 for the company and are predicting that the company will post ($0.39) EPS for the current quarter, according to Zacks. Zacks has also assigned Corporacion America Airports an industry rank of 185 out of 255 based on the ratings given to its competitors.

A number of brokerages have recently commented on CAAP. Zacks Investment Research lowered shares of Corporacion America Airports from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Goldman Sachs Group reissued a “buy” rating on shares of Corporacion America Airports in a report on Thursday, January 24th.

Several large investors have recently modified their holdings of CAAP. RWC Asset Advisors US LLC bought a new position in shares of Corporacion America Airports during the 4th quarter valued at $22,034,000. Key Square Capital Management LLC grew its holdings in shares of Corporacion America Airports by 14.6% during the 3rd quarter. Key Square Capital Management LLC now owns 1,757,656 shares of the company’s stock valued at $15,010,000 after purchasing an additional 223,435 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Corporacion America Airports by 4.3% during the 3rd quarter. BlackRock Inc. now owns 1,602,924 shares of the company’s stock valued at $13,688,000 after purchasing an additional 66,641 shares during the last quarter. Makaira Partners LLC grew its holdings in shares of Corporacion America Airports by 10.6% during the 4th quarter. Makaira Partners LLC now owns 1,466,379 shares of the company’s stock valued at $9,722,000 after purchasing an additional 140,000 shares during the last quarter. Finally, River & Mercantile Asset Management LLP grew its holdings in shares of Corporacion America Airports by 26.4% during the 4th quarter. River & Mercantile Asset Management LLP now owns 1,028,695 shares of the company’s stock valued at $6,831,000 after purchasing an additional 214,649 shares during the last quarter. 11.65% of the stock is currently owned by hedge funds and other institutional investors.

NYSE CAAP traded down $0.09 on Tuesday, hitting $7.95. The stock had a trading volume of 272,595 shares, compared to its average volume of 161,981. Corporacion America Airports has a 52-week low of $5.70 and a 52-week high of $13.24. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.18 and a quick ratio of 1.16. The stock has a market capitalization of $1.27 billion, a PE ratio of 198.75 and a beta of 2.02.

Corporacion America Airports (NYSE:CAAP) last posted its earnings results on Thursday, April 11th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.07. Corporacion America Airports had a net margin of 1.91% and a return on equity of 2.38%. The business had revenue of $371.00 million for the quarter. On average, research analysts anticipate that Corporacion America Airports will post -0.65 EPS for the current year.

Corporacion America Airports Company Profile

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.

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