Grupo Aeroportuario del Sureste (NYSE:ASR) Stock Rating Raised to “Hold” at Zacks Research

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

Several other analysts also recently commented on the stock. JPMorgan Chase & Co. downgraded shares of Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research report on Wednesday, July 22nd. UBS Group raised shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research report on Thursday, June 18th. Weiss Ratings downgraded shares of Grupo Aeroportuario del Sureste from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Finally, 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 research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $324.50.

Grupo Aeroportuario del Sureste Price Performance

Shares of NYSE ASR opened at $234.65 on Monday. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.54. Grupo Aeroportuario del Sureste has a twelve month low of $226.19 and a twelve month high of $381.52. The stock has a 50 day moving average of $252.28 and a two-hundred day moving average of $286.15. The stock has a market cap of $7.04 billion, a P/E ratio of 12.62, a P/E/G ratio of 1.57 and a beta of 0.52.

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 for the quarter, missing the consensus estimate of $4.92 by ($0.54). The firm had revenue of $547.46 million during the quarter, compared to analyst estimates of $517.35 million. Grupo Aeroportuario del Sureste had a net margin of 26.07% and a return on equity of 21.32%. On average, research analysts forecast that Grupo Aeroportuario del Sureste will post 19.54 earnings per share for the current year.

Institutional Trading of Grupo Aeroportuario del Sureste

Hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its position in Grupo Aeroportuario del Sureste by 42.1% in 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 1st quarter worth $220,000. Alamar Capital Management LLC purchased a new position in Grupo Aeroportuario del Sureste during the 1st quarter worth $235,000. PNC Financial Services Group Inc. raised its position in Grupo Aeroportuario del Sureste by 5.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 800 shares of the transportation company’s stock worth $269,000 after buying an additional 39 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in shares of Grupo Aeroportuario del Sureste by 14.9% in the 1st 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 period. 10.57% of the stock is owned by institutional investors and hedge funds.

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 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.