Corporación América Airports (NYSE:CAAP) Now Covered by Analysts at JPMorgan Chase & Co.

Equities research analysts at JPMorgan Chase & Co. started coverage on shares of Corporación América Airports (NYSE:CAAP) in a research report issued to clients and investors on Friday, MarketBeat reports. The firm set an “overweight” rating and a $22.50 price target on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 22.09% from the company’s current price.

Corporación América Airports Stock Up 2.8 %

CAAP opened at $18.43 on Friday. Corporación América Airports has a 12 month low of $13.97 and a 12 month high of $20.79. The company has a market cap of $3.01 billion, a PE ratio of 8.53 and a beta of 1.97. The company has a current ratio of 1.29, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. The company has a 50 day moving average of $18.95 and a 200 day moving average of $18.44.

Institutional Trading of Corporación América Airports

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its position in shares of Corporación América Airports by 6.6% during the fourth quarter. Bank of America Corp DE now owns 13,437 shares of the company’s stock valued at $251,000 after buying an additional 836 shares during the period. BNP Paribas Financial Markets grew its position in shares of Corporación América Airports by 125.4% during the 4th quarter. BNP Paribas Financial Markets now owns 3,102 shares of the company’s stock valued at $58,000 after purchasing an additional 1,726 shares in the last quarter. Metis Global Partners LLC increased its holdings in shares of Corporación América Airports by 14.8% in the fourth quarter. Metis Global Partners LLC now owns 16,024 shares of the company’s stock worth $299,000 after purchasing an additional 2,066 shares during the period. Invst LLC raised its position in shares of Corporación América Airports by 8.1% in the fourth quarter. Invst LLC now owns 46,618 shares of the company’s stock worth $870,000 after buying an additional 3,494 shares in the last quarter. Finally, Stokes Family Office LLC grew its position in Corporación América Airports by 1.8% during the fourth quarter. Stokes Family Office LLC now owns 279,535 shares of the company’s stock worth $5,216,000 after buying an additional 5,000 shares in the last quarter. 12.95% of the stock is currently owned by institutional investors.

Corporación América Airports Company Profile

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.