Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Receives $324.50 Consensus PT from Analysts

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) have earned an average recommendation of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $324.50.

ASR has been the subject of several research analyst reports. HSBC upgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 target price for the company in a research note on Thursday, July 30th. UBS Group raised shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research report on Thursday, June 18th. Weiss Ratings downgraded shares of Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. lowered shares of Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research report on Wednesday, July 22nd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ASR. Deutsche Bank AG boosted its holdings in shares of Grupo Aeroportuario del Sureste by 90.6% during the fourth quarter. Deutsche Bank AG now owns 187,759 shares of the transportation company’s stock worth $60,721,000 after acquiring an additional 89,239 shares during the period. Morgan Stanley increased its stake in shares of Grupo Aeroportuario del Sureste by 20.4% during the fourth quarter. Morgan Stanley now owns 184,883 shares of the transportation company’s stock worth $59,792,000 after purchasing an additional 31,298 shares during the period. State Street Corp lifted its holdings in Grupo Aeroportuario del Sureste by 3.2% during the 4th quarter. State Street Corp now owns 171,848 shares of the transportation company’s stock worth $55,576,000 after purchasing an additional 5,338 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Grupo Aeroportuario del Sureste by 2.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 103,379 shares of the transportation company’s stock valued at $33,433,000 after purchasing an additional 2,134 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Grupo Aeroportuario del Sureste by 7.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 64,853 shares of the transportation company’s stock valued at $20,974,000 after purchasing an additional 4,490 shares during the period. 10.57% of the stock is owned by institutional investors.

Grupo Aeroportuario del Sureste Trading Up 2.3%

Shares of NYSE:ASR opened at $255.85 on Friday. Grupo Aeroportuario del Sureste has a 52-week low of $249.58 and a 52-week high of $381.52. The company has a market capitalization of $7.68 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 1.65 and a beta of 0.47. The company has a 50-day simple moving average of $276.88 and a 200 day simple moving average of $306.98. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.29 and a current ratio of 3.29.

Grupo Aeroportuario del Sureste (NYSE:ASR) last posted its quarterly earnings results on Friday, July 24th. The transportation company reported $4.38 EPS for the quarter, missing analysts’ consensus estimates of $4.92 by ($0.54). The business had revenue of $547.46 million for the quarter, compared to the consensus estimate of $517.35 million. Grupo Aeroportuario del Sureste had a return on equity of 21.32% and a net margin of 26.07%. Sell-side analysts forecast that Grupo Aeroportuario del Sureste will post 19.54 earnings per share for the current year.

Grupo Aeroportuario del Sureste Company Profile

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.