Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) Downgraded by Zacks Investment Research to Hold

Posted by James Conley on Dec 2nd, 2019

Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, Zacks.com reports.

According to Zacks, “Grupo Aeroportuario del Sureste is a Mexican airport operator with concessions to operate, maintain and develop the airports of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico. “

Other analysts have also issued research reports about the company. ValuEngine lowered Grupo Aeroportuario dl Srst SAB CV from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. downgraded Grupo Aeroportuario dl Srst SAB CV from an “overweight” rating to a “neutral” rating in a research report on Tuesday, October 29th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $185.50.

Shares of ASR stock traded down $4.39 on Monday, hitting $167.07. 53,414 shares of the stock were exchanged, compared to its average volume of 65,160. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $5.14 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 4.07 and a beta of 0.60. The business has a 50-day moving average of $166.27 and a 200 day moving average of $158.73. Grupo Aeroportuario dl Srst SAB CV has a fifty-two week low of $132.42 and a fifty-two week high of $184.85.

Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.19. The company had revenue of $211.37 million during the quarter, compared to analysts’ expectations of $213.01 million. Grupo Aeroportuario dl Srst SAB CV had a return on equity of 15.28% and a net margin of 35.88%. As a group, research analysts forecast that Grupo Aeroportuario dl Srst SAB CV will post 9.57 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of ASR. Schroder Investment Management Group bought a new position in Grupo Aeroportuario dl Srst SAB CV during the 2nd quarter worth $81,000. Tower Research Capital LLC TRC raised its position in Grupo Aeroportuario dl Srst SAB CV by 218.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 551 shares of the transportation company’s stock worth $84,000 after purchasing an additional 378 shares during the last quarter. Quantamental Technologies LLC raised its position in Grupo Aeroportuario dl Srst SAB CV by 250.0% during the 2nd quarter. Quantamental Technologies LLC now owns 700 shares of the transportation company’s stock worth $113,000 after purchasing an additional 500 shares during the last quarter. Voloridge Investment Management LLC bought a new position in Grupo Aeroportuario dl Srst SAB CV during the 2nd quarter worth $348,000. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in Grupo Aeroportuario dl Srst SAB CV during the 3rd quarter worth $368,000. 18.25% of the stock is currently owned by hedge funds and other institutional investors.

About Grupo Aeroportuario dl Srst SAB CV

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. It operates nine airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlan. The company provides aeronautical services, which include passenger, aircraft landing and parking, passenger walkway, and airport security services.