Grupo Aeroportuario del Sureste (NYSE:ASR) Downgraded by Zacks Research to Strong Sell

Zacks Research cut shares of Grupo Aeroportuario del Sureste (NYSE:ASR) from a hold rating to a strong sell rating in a research note published on Tuesday,Zacks reports.

Several other research firms have also weighed in on ASR. HSBC raised shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price objective for the company in a report on Thursday, July 30th. JPMorgan Chase & Co. downgraded Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded Grupo Aeroportuario del Sureste from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $349.00.

Grupo Aeroportuario del Sureste Price Performance

Shares of NYSE:ASR opened at $272.07 on Tuesday. Grupo Aeroportuario del Sureste has a fifty-two week low of $226.19 and a fifty-two week high of $381.52. The business has a 50-day moving average of $247.45 and a two-hundred day moving average of $295.49. The stock has a market capitalization of $8.16 billion, a P/E ratio of 14.53, a P/E/G ratio of 2.18 and a beta of 0.49. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.29 and a quick ratio of 3.29.

Grupo Aeroportuario del Sureste (NYSE:ASR) last posted its quarterly earnings data on Thursday, October 22nd. The transportation company reported $3.98 EPS for the quarter, missing analysts’ consensus estimates of $4.38 by ($0.40). Grupo Aeroportuario del Sureste had a return on equity of 20.94% and a net margin of 25.10%. The business had revenue of $576.34 million during the quarter, compared to the consensus estimate of $527.02 million. On average, equities research analysts predict that Grupo Aeroportuario del Sureste will post 18.32 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Announces Dividend

The firm also recently declared a special dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 27th will be given a dividend of $5.3688 per share. The ex-dividend date of this dividend is Friday, November 27th. Grupo Aeroportuario del Sureste’s payout ratio is 66.79%.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASR. Advisors Asset Management Inc. acquired a new position in shares of Grupo Aeroportuario del Sureste in the third quarter worth $35,719,000. Robeco Institutional Asset Management B.V. increased its holdings in Grupo Aeroportuario del Sureste by 16.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 99,975 shares of the transportation company’s stock valued at $23,513,000 after purchasing an additional 13,867 shares in the last quarter. Hsbc Holdings PLC raised its position in Grupo Aeroportuario del Sureste by 151.5% in the 1st quarter. Hsbc Holdings PLC now owns 63,506 shares of the transportation company’s stock valued at $21,346,000 after purchasing an additional 38,255 shares during the last quarter. Bank of New York Mellon Corp raised its position in Grupo Aeroportuario del Sureste by 18.3% in the 1st quarter. Bank of New York Mellon Corp now owns 30,621 shares of the transportation company’s stock valued at $10,292,000 after buying an additional 4,743 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in Grupo Aeroportuario del Sureste during the 1st quarter worth approximately $7,687,000. Institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Company Profile

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a Mexican airport operator that develops, operates and maintains airports under long-term concessions. Its activities include passenger and aircraft services, airport infrastructure and commercial offerings such as retail, food and beverage, parking and other passenger services. ASUR operates nine airports in southeastern Mexico, including Cancún, Mérida, Oaxaca, Veracruz and Cozumel. Its portfolio also extends beyond Mexico through interests in airport operations in Puerto Rico and Colombia.