Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Receives Average Recommendation of “Hold” from Brokerages

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

Several research analysts have recently weighed in on ASR shares. JPMorgan Chase & Co. downgraded shares of Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research note 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 objective on the stock in a report on Thursday, July 30th. Weiss Ratings downgraded Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday. Finally, UBS Group raised Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research report on Thursday, June 18th.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

A number of hedge funds have recently bought and sold shares of ASR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Grupo Aeroportuario del Sureste in the 4th quarter valued at approximately $35,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Grupo Aeroportuario del Sureste during the fourth quarter worth approximately $49,000. EverSource Wealth Advisors LLC increased its stake in shares of Grupo Aeroportuario del Sureste by 766.7% in the second quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock worth $50,000 after buying an additional 138 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Grupo Aeroportuario del Sureste by 38.2% in the second quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock worth $58,000 after buying an additional 50 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Grupo Aeroportuario del Sureste by 63.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 324 shares of the transportation company’s stock worth $105,000 after buying an additional 126 shares during the last quarter. Institutional investors and hedge funds own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Trading Up 0.6%

NYSE:ASR opened at $277.32 on Tuesday. The business’s 50-day moving average is $290.56 and its two-hundred day moving average is $319.80. The firm has a market capitalization of $8.32 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 1.74 and a beta of 0.48. Grupo Aeroportuario del Sureste has a 12 month low of $259.01 and a 12 month high of $381.52. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.39 and a quick ratio of 3.39.

Grupo Aeroportuario del Sureste (NYSE:ASR) last released its quarterly earnings results on Thursday, July 23rd. The transportation company reported $4.38 EPS for the quarter, missing the consensus estimate of $4.92 by ($0.54). Grupo Aeroportuario del Sureste had a return on equity of 21.85% and a net margin of 26.07%.The company had revenue of $547.46 million for the quarter, compared to analyst estimates of $517.35 million. Research analysts predict that Grupo Aeroportuario del Sureste will post 20.43 earnings per share for the current fiscal year.

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.