Grupo Aeroportuario del Sureste (NYSE:ASR) Stock Rating Upgraded by UBS Group

Grupo Aeroportuario del Sureste (NYSE:ASR) was upgraded by research analysts at UBS Group from a “neutral” rating to a “buy” rating in a research note issued on Thursday, Marketbeat Ratings reports.

ASR has been the topic of several other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Monday, April 20th. Wall Street Zen cut Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Finally, Barclays raised Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $300.00.

Grupo Aeroportuario del Sureste Stock Performance

Shares of Grupo Aeroportuario del Sureste stock opened at $301.57 on Thursday. The company has a market capitalization of $9.05 billion, a PE ratio of 16.74, a P/E/G ratio of 2.50 and a beta of 0.47. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.39 and a current ratio of 3.39. The company has a 50-day simple moving average of $310.21 and a two-hundred day simple moving average of $326.54. Grupo Aeroportuario del Sureste has a one year low of $275.00 and a one year high of $381.52.

Grupo Aeroportuario del Sureste (NYSE:ASR) last released its quarterly earnings results on Tuesday, March 31st. The transportation company reported $5.24 earnings per share for the quarter. The business had revenue of $495.15 million for the quarter. Grupo Aeroportuario del Sureste had a net margin of 26.32% and a return on equity of 21.77%. Research analysts expect that Grupo Aeroportuario del Sureste will post 21 EPS for the current fiscal year.

Institutional Trading of Grupo Aeroportuario del Sureste

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in Grupo Aeroportuario del Sureste by 6.3% in the first quarter. Royal Bank of Canada now owns 3,952 shares of the transportation company’s stock valued at $1,083,000 after buying an additional 235 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Grupo Aeroportuario del Sureste by 766.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 138 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Grupo Aeroportuario del Sureste by 119.2% in the second quarter. Marshall Wace LLP now owns 14,608 shares of the transportation company’s stock worth $4,658,000 after acquiring an additional 7,945 shares during the period. Jump Financial LLC acquired a new stake in shares of Grupo Aeroportuario del Sureste in the second quarter worth $1,432,000. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Grupo Aeroportuario del Sureste by 1.2% during the second quarter. Qube Research & Technologies Ltd now owns 50,441 shares of the transportation company’s stock worth $16,084,000 after purchasing an additional 584 shares during the last quarter. Hedge funds and other institutional investors own 10.57% of the company’s stock.

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.