Zacks: Corporacion America Airports SA (NYSE:CAAP) Given $11.00 Consensus Target Price by Analysts

Shares of Corporacion America Airports SA (NYSE:CAAP) have earned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. Corporacion America Airports’ rating score has declined by 100% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Brokers have set a 1-year consensus target price of $11.00 for the company and are expecting that the company will post $0.46 earnings per share for the current quarter, according to Zacks. Zacks has also given Corporacion America Airports an industry rank of 83 out of 255 based on the ratings given to its competitors.

CAAP has been the topic of several recent research reports. Oppenheimer lowered shares of Corporacion America Airports from an “outperform” rating to a “market perform” rating in a research note on Friday, November 22nd. Zacks Investment Research downgraded shares of Corporacion America Airports from a “hold” rating to a “sell” rating in a research report on Monday, November 18th.

Shares of NYSE CAAP traded down $0.23 during mid-day trading on Wednesday, hitting $4.10. The company’s stock had a trading volume of 215,583 shares, compared to its average volume of 186,113. The stock has a market cap of $692.90 million, a price-to-earnings ratio of 102.50, a price-to-earnings-growth ratio of 0.17 and a beta of 1.78. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.02 and a quick ratio of 1.00. Corporacion America Airports has a one year low of $3.73 and a one year high of $8.69. The company’s fifty day simple moving average is $4.14 and its 200-day simple moving average is $6.08.

Several large investors have recently made changes to their positions in the stock. Marathon Asset Management LP acquired a new stake in shares of Corporacion America Airports in the 3rd quarter valued at approximately $1,930,000. Barclays PLC raised its position in shares of Corporacion America Airports by 820.2% in the 3rd quarter. Barclays PLC now owns 25,765 shares of the company’s stock valued at $117,000 after acquiring an additional 22,965 shares during the period. State Street Corp raised its position in shares of Corporacion America Airports by 12.8% in the 3rd quarter. State Street Corp now owns 261,448 shares of the company’s stock valued at $1,184,000 after acquiring an additional 29,708 shares during the period. River & Mercantile Asset Management LLP raised its position in shares of Corporacion America Airports by 17.6% in the 3rd quarter. River & Mercantile Asset Management LLP now owns 1,160,461 shares of the company’s stock valued at $5,228,000 after acquiring an additional 173,466 shares during the period. Finally, Citadel Advisors LLC raised its holdings in Corporacion America Airports by 7.7% during the 2nd quarter. Citadel Advisors LLC now owns 42,355 shares of the company’s stock worth $342,000 after buying an additional 3,024 shares during the period. Institutional investors and hedge funds own 10.98% 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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