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

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) has been given an average rating of “Hold” by the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $324.50.

A number of research firms recently weighed in on ASR. 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 report on Thursday, July 30th. Zacks Research downgraded shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a research note on Monday, September 7th. JPMorgan Chase & Co. lowered shares of Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a report on Wednesday, July 22nd. Weiss Ratings cut shares of Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Finally, UBS Group raised shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a report on Thursday, June 18th.

Institutional Trading of Grupo Aeroportuario del Sureste

Several institutional investors have recently added to or reduced their stakes in ASR. Hsbc Holdings PLC increased its holdings in shares of Grupo Aeroportuario del Sureste by 151.5% in the first quarter. Hsbc Holdings PLC now owns 63,506 shares of the transportation company’s stock worth $21,346,000 after buying an additional 38,255 shares during the period. BNP Paribas Financial Markets grew its position in Grupo Aeroportuario del Sureste by 15.9% during the 4th quarter. BNP Paribas Financial Markets now owns 45,733 shares of the transportation company’s stock worth $14,790,000 after acquiring an additional 6,258 shares during the last quarter. Bank of New York Mellon Corp grew its position in Grupo Aeroportuario del Sureste by 18.3% during the 1st quarter. Bank of New York Mellon Corp now owns 30,621 shares of the transportation company’s stock worth $10,292,000 after acquiring an additional 4,743 shares during the last quarter. Empirical Finance LLC bought a new position in Grupo Aeroportuario del Sureste during the 1st quarter worth approximately $7,687,000. Finally, Empowered Funds LLC purchased a new position in Grupo Aeroportuario del Sureste in the 1st quarter worth approximately $7,687,000. 10.57% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Sureste Trading Down 1.1%

NYSE ASR opened at $241.23 on Wednesday. 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 stock’s 50-day simple moving average is $259.93 and its two-hundred day simple moving average is $292.43. Grupo Aeroportuario del Sureste has a twelve month low of $235.79 and a twelve month high of $381.52. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 1.61 and a beta of 0.47.

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

Grupo Aeroportuario del Sureste Company Profile

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, primarily in Mexico. The company was established in 1998 as part of Mexico’s airport privatization program.

ASUR operates nine airports in southeastern Mexico, including Cancún, Mérida, Oaxaca, Veracruz, Villahermosa, Cozumel, Huatulco, Minatitlán and Tapachula. Its airport activities include passenger and aircraft handling, terminal operations, runway and airfield management, security coordination and other services supporting commercial aviation.

Through its international operations and partnerships, ASUR also has interests in airports outside Mexico.