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.
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Recent CAAP News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/17/2024 08:33:48 PM
- Corporación América Airports S.A. Reports May 2024 Passenger Traffic • Business Wire • 06/17/2024 08:31:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/23/2024 01:42:28 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/22/2024 08:31:49 PM
- Corporación América Airports Reports First Quarter 2024 Results • Business Wire • 05/22/2024 08:31:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/22/2024 04:13:12 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/20/2024 08:31:54 PM
- Corporación América Airports S.A. Reports April 2024 Passenger Traffic • Business Wire • 05/20/2024 08:31:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/16/2024 12:32:15 PM
- Corporación América Airports Announces Recent Developments in Uruguay • Business Wire • 05/16/2024 12:31:00 PM
- Corporación América Airports Announces First Quarter 2024 Financial Results Call and Webcast • Business Wire • 05/15/2024 07:46:00 PM
- Corporación América Airports Announces Recent Development • Business Wire • 05/13/2024 12:31:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/13/2024 10:04:27 AM
- 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
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM