Grupo Aeroportuario del Sureste (NYSE:ASR) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Grupo Aeroportuario del Sureste (NYSE:ASR) from a strong sell rating to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

ASR has been the topic of several other reports. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a research report on Friday, November 14th. Scotiabank upgraded Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, December 4th. Morgan Stanley lowered Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 target price on the stock. in a report on Monday, November 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $305.00.

Grupo Aeroportuario del Sureste Stock Performance

Shares of NYSE:ASR traded down $0.46 during trading hours on Tuesday, hitting $320.34. The stock had a trading volume of 1,093 shares, compared to its average volume of 26,988. The stock’s fifty day simple moving average is $312.72 and its 200 day simple moving average is $316.24. The firm has a market capitalization of $9.61 billion, a price-to-earnings ratio of 17.00 and a beta of 0.57. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.69 and a current ratio of 2.69. Grupo Aeroportuario del Sureste has a 1-year low of $249.21 and a 1-year high of $360.00.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $3.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.26 by ($1.42). Grupo Aeroportuario del Sureste had a return on equity of 20.67% and a net margin of 31.96%.The business had revenue of $478.54 million for the quarter, compared to analyst estimates of $502.91 million. Sell-side analysts anticipate that Grupo Aeroportuario del Sureste will post 23 earnings per share for the current fiscal year.

Grupo Aeroportuario del Sureste Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, December 8th. Investors of record on Wednesday, November 26th were issued a $8.1473 dividend. This represents a yield of 271.0%. The ex-dividend date was Wednesday, November 26th. Grupo Aeroportuario del Sureste’s dividend payout ratio is presently 200.53%.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC increased its stake in Grupo Aeroportuario del Sureste by 8.2% in the second quarter. Signaturefd LLC now owns 474 shares of the transportation company’s stock valued at $151,000 after purchasing an additional 36 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its stake in shares of Grupo Aeroportuario del Sureste by 3.0% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 1,328 shares of the transportation company’s stock worth $429,000 after acquiring an additional 39 shares in the last quarter. Renaissance Group LLC boosted its stake in shares of Grupo Aeroportuario del Sureste by 0.3% in the 2nd quarter. Renaissance Group LLC now owns 17,123 shares of the transportation company’s stock worth $5,460,000 after buying an additional 45 shares during the last quarter. Fortune Financial Advisors LLC raised its stake in Grupo Aeroportuario del Sureste by 1.0% in the 2nd quarter. Fortune Financial Advisors LLC now owns 4,961 shares of the transportation company’s stock valued at $1,582,000 after acquiring an additional 48 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in Grupo Aeroportuario del Sureste by 38.2% during the second quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 10.57% of the company’s stock.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR) is a leading airport operator in Mexico specializing in the development, operation and management of airports under long-term concession agreements. The company’s core business activities include the operation of passenger and cargo terminals, the administration of retail and service concessions, the provision of parking and ground-support services, and the implementation of security and maintenance programs.

ASR holds concession rights for nine airports across southeastern Mexico, including premier tourism hubs such as Cancún, Cozumel and Huatulco, as well as regional facilities in Mérida, Oaxaca, Veracruz and Minatitlán.