Zacks: Analysts Set $10.50 Price Target for Corporacion America Airports SA (NYSE:CAAP)

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

Brokerages have set a 1-year consensus price objective of $10.50 for the company and are forecasting 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 31 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th.

Shares of CAAP stock traded up $0.01 during trading hours on Monday, hitting $8.07. 39,153 shares of the company were exchanged, compared to its average volume of 84,730. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 201.75 and a beta of 1.58. Corporacion America Airports has a 1 year low of $5.70 and a 1 year high of $11.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.12 and a current ratio of 1.14. The business’s fifty day moving average price is $7.90.

Corporacion America Airports (NYSE:CAAP) last posted its quarterly earnings results on Tuesday, May 21st. The company reported $0.19 EPS for the quarter, beating 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 firm had revenue of $360.55 million for the quarter, compared to analyst estimates of $345.00 million. As a group, equities research analysts predict that Corporacion America Airports will post -0.6 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in CAAP. Legal & General Group Plc lifted its stake in Corporacion America Airports by 206.2% in the fourth quarter. Legal & General Group Plc now owns 23,111 shares of the company’s stock valued at $153,000 after buying an additional 15,564 shares during the last quarter. Millennium Management LLC lifted 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 buying an additional 16,244 shares during the last quarter. FMR LLC lifted its stake in Corporacion America Airports by 13.9% in the fourth quarter. FMR LLC now owns 102,580 shares of the company’s stock valued at $680,000 after buying an additional 12,500 shares during the last quarter. BW Gestao de Investimentos Ltda. lifted its stake in Corporacion America Airports by 2.8% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 367,200 shares of the company’s stock valued at $2,435,000 after buying an additional 10,000 shares during the last quarter. Finally, Bienville Capital Management LLC lifted 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 buying an additional 242,019 shares during the last quarter. 12.27% of the stock is owned by hedge funds and other institutional investors.

Corporacion America Airports Company Profile

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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