Consumers always need to travel, and this company is a great way to play a very limited subsector. Corporacion America Airports S.A. (NYSE: CAAP) is a global airport concessions operator, managing 52 airports across seven different countries in Latin America, Europe and Eurasia. The company is ranked number one in number of airports and number nine in terms of traffic. Out of the current 52 airports, 34 belong to AA2000 concession, which represents 62% of total airports in Argentina.
The company posted solid results this past week, with EBITDA of $136.5 million, which was up 8.8% year over year and was 4.8% better than expected, for a margin of 40.8%, compared with 36% last year.
The stunning $23 Goldman Sachs price target towers over the $17.17 consensus target. The shares ended the week at $7.98.
Successful Trading is the art of minimizing long term risk and maximizing capital allocation.
Recent CAAP News
- Corporación América Airports S.A. Reports March 2024 Passenger Traffic • Business Wire • 04/17/2024 08:31:00 PM
- Corporación América Airports Announces the Filing of its Annual Report on Form 20-F for Fiscal Year 2023 • Business Wire • 04/03/2024 04:29:00 PM
- Corporacion America Airports Reports Fourth Quarter and Full Year 2023 Results • Business Wire • 03/20/2024 08:31:00 PM
- Corporación América Airports S.A. Reports February 2024 Passenger Traffic • Business Wire • 03/19/2024 08:31:00 PM
- Corporación América Airports Announces Fourth Quarter 2023 Financial Results Call and Webcast • Business Wire • 03/14/2024 06:28:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/16/2024 09:41:44 PM
- Corporación América Airports S.A. Reports January 2024 Passenger Traffic • Business Wire • 02/16/2024 09:31:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/08/2024 10:03:02 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/17/2024 09:33:08 PM
- Corporación América Airports S.A. Reports December 2023 Passenger Traffic • Business Wire • 01/17/2024 09:31:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/08/2024 09:31:29 PM
- CAAP Announces Its Subsidiary ICASGA in Natal, Brazil, Receives Indemnification Payment Related to the Friendly Termination of Its Concession Agreement • Business Wire • 01/08/2024 09:31:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/19/2023 01:31:27 PM
- Corporación América Airports S.A. Reports November 2023 Passenger Traffic • Business Wire • 12/19/2023 01:31:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/21/2023 09:33:39 PM
- Corporación América Airports S.A. Reports October 2023 Passenger Traffic • Business Wire • 11/21/2023 09:31:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/15/2023 10:01:51 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/15/2023 10:01:28 PM
- Corporacion America Airports Reports Third Quarter 2023 Results • Business Wire • 11/15/2023 09:31:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/14/2023 04:45:19 PM
- Corporación América Airports Announces Third Quarter 2023 Financial Results Call and Webcast • Business Wire • 11/08/2023 04:35:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/18/2023 08:31:50 PM
- Corporación América Airports S.A. Reports September 2023 Passenger Traffic • Business Wire • 10/18/2023 08:31:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/15/2023 12:31:29 PM
- Corporación América Airports S.A. Reports August 2023 Passenger Traffic • Business Wire • 09/15/2023 12:31:00 PM
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