Zacks: Corporacion America Airports SA (NYSE:CAAP) Given Average Rating of “Strong Buy” by Analysts

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

Analysts have set a 1 year consensus price target of $10.50 for the company and are predicting that the company will post ($0.43) earnings per share for the current quarter, according to Zacks. Zacks has also given Corporacion America Airports an industry rank of 49 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research cut shares of Corporacion America Airports from a “hold” rating to a “sell” rating in a research note on Wednesday, May 29th.

Shares of Corporacion America Airports stock traded down $0.16 during mid-day trading on Friday, hitting $8.16. 4,016 shares of the stock were exchanged, compared to its average volume of 126,443. Corporacion America Airports has a twelve month low of $5.70 and a twelve month high of $11.69. The company has a market cap of $1.33 billion, a PE ratio of 205.50 and a beta of 1.58. The stock has a 50-day moving average of $7.77. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.85.

Corporacion America Airports (NYSE:CAAP) last released its quarterly earnings results on Tuesday, May 21st. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.58. Corporacion America Airports had a net margin of 2.22% and a return on equity of 3.05%. The company had revenue of $360.55 million for the quarter, compared to analysts’ expectations of $345.00 million. As a group, equities research analysts expect that Corporacion America Airports will post -0.6 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Corporacion America Airports by 4.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 112,038 shares of the company’s stock worth $743,000 after acquiring an additional 4,698 shares during the period. BW Gestao de Investimentos Ltda. lifted its holdings in shares of Corporacion America Airports by 2.8% during the 4th quarter. BW Gestao de Investimentos Ltda. now owns 367,200 shares of the company’s stock worth $2,435,000 after acquiring an additional 10,000 shares during the period. FMR LLC lifted its holdings in shares of Corporacion America Airports by 13.9% during the 4th quarter. FMR LLC now owns 102,580 shares of the company’s stock worth $680,000 after acquiring an additional 12,500 shares during the period. Legal & General Group Plc lifted its holdings in shares of Corporacion America Airports by 206.2% during the 4th quarter. Legal & General Group Plc now owns 23,111 shares of the company’s stock worth $153,000 after acquiring an additional 15,564 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Corporacion America Airports by 19.1% during the 4th quarter. Millennium Management LLC now owns 101,212 shares of the company’s stock worth $671,000 after acquiring an additional 16,244 shares during the period. 12.27% of the stock is currently owned by 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.

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