Corporacion America Airports SA (NYSE:CAAP) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus target price of $20.50 for the company and are anticipating that the company will post $0.14 EPS for the current quarter, according to Zacks. Zacks has also given Corporacion America Airports an industry rank of 234 out of 255 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised Corporacion America Airports from a “sell” rating to a “hold” rating in a research report on Monday.
CAAP remained flat at $$9.07 during midday trading on Tuesday. The company’s stock had a trading volume of 13,606 shares, compared to its average volume of 146,791. The company has a market cap of $1.40 billion and a price-to-earnings ratio of 19.30. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.31 and a quick ratio of 1.28. Corporacion America Airports has a fifty-two week low of $7.83 and a fifty-two week high of $17.99.
Corporacion America Airports (NYSE:CAAP) last released its quarterly earnings results on Tuesday, August 21st. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.27). The business had revenue of $397.10 million during the quarter, compared to analyst estimates of $373.10 million. analysts anticipate that Corporacion America Airports will post 0.31 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in CAAP. Engineers Gate Manager LP bought a new position in shares of Corporacion America Airports in the 1st quarter worth approximately $162,000. GSA Capital Partners LLP purchased a new position in shares of Corporacion America Airports during the 2nd quarter worth approximately $190,000. Malaga Cove Capital LLC purchased a new position in shares of Corporacion America Airports during the 2nd quarter worth approximately $224,000. Standard Life Aberdeen plc purchased a new position in shares of Corporacion America Airports during the 2nd quarter worth approximately $481,000. Finally, FMR LLC boosted its position in shares of Corporacion America Airports by 218.4% during the 2nd quarter. FMR LLC now owns 62,080 shares of the company’s stock worth $524,000 after purchasing an additional 42,580 shares during the period. 13.31% of the stock is 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.
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