Corporación América Airports S.A. (NYSE:CAAP - Get Free Report) shares were up 7.4% on Monday . The company traded as high as $19.53 and last traded at $19.74. Approximately 54,162 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 172,190 shares. The stock had previously closed at $18.38.
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. started coverage on shares of Corporación América Airports in a research report on Friday, March 14th. They issued an "overweight" rating and a $22.50 price target for the company.
Check Out Our Latest Research Report on CAAP
Corporación América Airports Trading Up 0.3 %
The company has a debt-to-equity ratio of 0.71, a current ratio of 1.29 and a quick ratio of 1.27. The stock's 50-day moving average is $18.88 and its two-hundred day moving average is $18.51. The stock has a market cap of $2.89 billion, a P/E ratio of 8.21 and a beta of 1.97.
Corporación América Airports (NYSE:CAAP - Get Free Report) last issued its earnings results on Wednesday, March 19th. The company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.12). Corporación América Airports had a return on equity of 28.13% and a net margin of 20.78%. The company had revenue of $461.10 million for the quarter, compared to the consensus estimate of $373.00 million. Equities research analysts anticipate that Corporación América Airports S.A. will post 0.95 EPS for the current year.
Hedge Funds Weigh In On Corporación América Airports
Hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Corporación América Airports by 111.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 851,325 shares of the company's stock valued at $15,886,000 after purchasing an additional 448,298 shares during the last quarter. Royal Bank of Canada lifted its position in Corporación América Airports by 48.3% during the fourth quarter. Royal Bank of Canada now owns 887,485 shares of the company's stock valued at $16,561,000 after purchasing an additional 288,948 shares during the last quarter. Millennium Management LLC lifted its position in Corporación América Airports by 899.4% during the fourth quarter. Millennium Management LLC now owns 220,076 shares of the company's stock valued at $4,107,000 after purchasing an additional 198,056 shares during the last quarter. Raymond James Financial Inc. bought a new position in Corporación América Airports during the fourth quarter valued at $1,189,000. Finally, Covalis Capital LLP bought a new position in Corporación América Airports during the fourth quarter valued at $682,000. Institutional investors own 12.95% of the company's stock.
About Corporación América Airports
(
Get Free Report)
Corporación América Airports SA, through its subsidiaries, acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly known as A.C.I. Airports International S.à r.l. and changed its name to Corporación América Airports SA in September 2017.
Recommended Stories
Before you consider Corporación América Airports, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Corporación América Airports wasn't on the list.
While Corporación América Airports currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
