Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Stock Has Consensus Target Price of $324.50

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) have received a consensus recommendation of “Hold” from the eight brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $324.50.

A number of equities analysts have issued reports on ASR shares. Weiss Ratings cut shares of Grupo Aeroportuario del Sureste from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. 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. HSBC upgraded shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price target on the stock in a research report on Thursday, July 30th. Finally, Zacks Research raised shares of Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC grew its holdings in Grupo Aeroportuario del Sureste by 42.1% during the 1st quarter. Parallel Advisors LLC now owns 422 shares of the transportation company’s stock valued at $142,000 after buying an additional 125 shares during the last quarter. Parvin Asset Management LLC purchased a new position in Grupo Aeroportuario del Sureste during the first quarter worth $220,000. Alamar Capital Management LLC purchased a new position in Grupo Aeroportuario del Sureste during the first quarter worth $235,000. PNC Financial Services Group Inc. raised its holdings in shares of Grupo Aeroportuario del Sureste by 5.1% in the first quarter. PNC Financial Services Group Inc. now owns 800 shares of the transportation company’s stock worth $269,000 after acquiring an additional 39 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings in shares of Grupo Aeroportuario del Sureste by 14.9% in the first quarter. QRG Capital Management Inc. now owns 1,008 shares of the transportation company’s stock worth $339,000 after acquiring an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Price Performance

Grupo Aeroportuario del Sureste stock opened at $239.25 on Friday. Grupo Aeroportuario del Sureste has a 52 week low of $226.19 and a 52 week high of $381.52. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.54. The firm’s 50-day simple moving average is $249.82 and its 200 day simple moving average is $284.43. The firm has a market capitalization of $7.18 billion, a PE ratio of 12.87, a P/E/G ratio of 1.64 and a beta of 0.52.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings data on Friday, July 24th. The transportation company reported $4.38 EPS for the quarter, missing analysts’ consensus estimates of $4.92 by ($0.54). Grupo Aeroportuario del Sureste had a net margin of 26.07% and a return on equity of 21.32%. The business had revenue of $547.46 million during the quarter, compared to analyst estimates of $517.35 million. On average, equities research analysts predict that Grupo Aeroportuario del Sureste will post 18.77 EPS for the current fiscal year.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR), commonly known as ASUR, is an airport infrastructure company that develops, operates and maintains airports under long-term government concessions. Its activities include passenger and aircraft operations, terminal services, commercial facilities, parking and other airport-related services.

ASUR operates nine airports in southeastern Mexico, including Cancún International Airport, one of the country’s major tourism gateways, as well as airports serving Mérida, Oaxaca, Veracruz, Villahermosa, Cozumel, Huatulco, Tapachula and Minatitlán.