Zacks: Corporacion America Airports SA (NYSE:CAAP) Receives Consensus Recommendation of “Strong Buy” from Brokerages

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

Analysts have set a 12 month consensus price objective of $10.00 for the company and are expecting that the company will post ($0.43) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Corporacion America Airports an industry rank of 30 out of 256 based on the ratings given to its competitors.

A number of equities analysts have recently commented on the stock. ValuEngine upgraded shares of Corporacion America Airports from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Zacks Investment Research lowered shares of Corporacion America Airports from a “buy” rating to a “hold” rating in a report on Monday, July 29th.

A number of hedge funds and other institutional investors have recently made changes to their positions in CAAP. BlackRock Inc. increased its stake in Corporacion America Airports by 28.4% in the second quarter. BlackRock Inc. now owns 822,592 shares of the company’s stock valued at $6,638,000 after purchasing an additional 182,140 shares in the last quarter. Bienville Capital Management LLC increased its stake in Corporacion America Airports by 48.9% in the first quarter. Bienville Capital Management LLC now owns 736,919 shares of the company’s stock valued at $6,094,000 after purchasing an additional 242,019 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Corporacion America Airports in the second quarter valued at $1,677,000. FMR LLC increased its stake in Corporacion America Airports by 22.7% in the first quarter. FMR LLC now owns 125,824 shares of the company’s stock valued at $1,041,000 after purchasing an additional 23,244 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Corporacion America Airports by 19.1% in the fourth quarter. Millennium Management LLC now owns 101,212 shares of the company’s stock valued at $671,000 after purchasing an additional 16,244 shares in the last quarter. 12.15% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:CAAP traded up $0.02 during mid-day trading on Wednesday, reaching $5.54. 132,600 shares of the company’s stock were exchanged, compared to its average volume of 148,217. The firm has a market capitalization of $878.52 million, a price-to-earnings ratio of 138.50 and a beta of 1.58. The business’s fifty day moving average price is $7.31 and its 200-day moving average price is $7.74. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.12 and a current ratio of 1.14. Corporacion America Airports has a twelve month low of $4.83 and a twelve month high of $9.84.

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 analysts’ consensus estimates of ($0.39) by $0.58. The company had revenue of $360.55 million for the quarter, compared to analyst estimates of $345.00 million. Corporacion America Airports had a net margin of 2.22% and a return on equity of 3.05%. Analysts predict that Corporacion America Airports will post -1.42 EPS for the current fiscal year.

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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