ValuEngine Upgrades Corporacion America Airports (NYSE:CAAP) to Buy

Corporacion America Airports (NYSE:CAAP) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.

Separately, Zacks Investment Research cut Corporacion America Airports from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $11.50.

Shares of CAAP stock remained flat at $$7.46 during trading hours on Thursday. The stock had a trading volume of 46,783 shares, compared to its average volume of 58,384. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.14 and a quick ratio of 1.12. The company has a market cap of $1.22 billion, a P/E ratio of 186.50 and a beta of 1.58. The stock’s fifty day simple moving average is $7.99. Corporacion America Airports has a twelve month low of $5.70 and a twelve month high of $10.85.

Corporacion America Airports (NYSE:CAAP) last issued its quarterly earnings results on Tuesday, May 21st. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.58. Corporacion America Airports had a return on equity of 3.05% and a net margin of 2.22%. The firm had revenue of $360.55 million during the quarter, compared to analysts’ expectations of $345.00 million. On average, analysts anticipate that Corporacion America Airports will post -1.42 EPS for the current year.

A number of large investors have recently modified their holdings of the business. Legal & General Group Plc grew 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 purchasing an additional 15,564 shares during the period. FMR LLC grew 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 purchasing an additional 12,500 shares during the period. Bienville Capital Management LLC grew its holdings in shares of Corporacion America Airports by 48.9% during the 1st quarter. Bienville Capital Management LLC now owns 736,919 shares of the company’s stock worth $6,094,000 after purchasing an additional 242,019 shares during the period. Finally, Millennium Management LLC grew 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 purchasing an additional 16,244 shares during the period. Institutional investors own 12.27% of the company’s stock.

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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