10 Worst Airport Stocks to Buy

4. Aena S.M.E., S.A. (OTC:ANNSF)

Number of Hedge Fund Holders: N/A

Average Analyst Price Target Upside: 3.63%

Aena S.M.E., S.A. (OTC:ANNSF) is one of the largest airport operators in the world. It manages a network of 46 airports and two heliports domestically and operates in 33 airports across five countries beyond Spain through its subsidiaries and affiliates.

The company recently updated its Strategic Plan for 2022-2026, according to which it expects over 300 million passengers by 2025, which was priorly projected for 2026. The company has also accelerated its target for achieving zero emissions, now aiming for 2030 instead of 2040, which shows its commitment to sustainability.

In 2023, its airports served 283 million passengers, exceeding pre-pandemic levels, and it projects about 294 million passengers for 2024, with expectations to reach approximately 310 million by the end of the plan period.

In terms of commercial revenue, Aena (OTC:ANNSF) anticipates growth of up to 48% by 2026 compared to 2019, with significant increases in revenue per passenger. Recent tenders for duty-free shops, food and beverage outlets, and retail spaces have led to a 20% increase in Minimum Annual Guaranteed rents in 2023, with expectations of a 46% rise by 2026. Real estate revenues have also surged by over 34% compared to 2019.

According to analyst price target upsides, Aena (OTC:ANNSF) takes the 4th spot on our list of worst airport stocks to buy. Based on coverage by 8 analysts, the company has an average price target of $228.11, which shows an upside of 3.63% on September 26.