Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Receives $305.00 Average Target Price from Brokerages

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) has earned a consensus rating of “Hold” from the six research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $300.00.

A number of research firms recently weighed in on ASR. Zacks Research raised shares of Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, January 21st. Scotiabank raised Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, December 4th. Morgan Stanley cut Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 target price for the company. in a research report on Monday, November 10th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a report on Friday, November 14th.

Grupo Aeroportuario del Sureste Price Performance

Shares of NYSE ASR opened at $372.58 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.69 and a current ratio of 2.69. Grupo Aeroportuario del Sureste has a fifty-two week low of $249.21 and a fifty-two week high of $379.07. The stock has a market cap of $11.18 billion, a PE ratio of 19.76 and a beta of 0.56. The stock has a fifty day moving average of $333.92 and a 200-day moving average of $322.38.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

A number of institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Grupo Aeroportuario del Sureste during the 4th quarter worth $35,000. Assetmark Inc. lifted its stake in Grupo Aeroportuario del Sureste by 494.7% during the second quarter. Assetmark Inc. now owns 113 shares of the transportation company’s stock worth $36,000 after purchasing an additional 94 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Grupo Aeroportuario del Sureste by 13,800.0% during the second quarter. Hantz Financial Services Inc. now owns 139 shares of the transportation company’s stock worth $44,000 after purchasing an additional 138 shares during the last quarter. State of Wyoming purchased a new position in shares of Grupo Aeroportuario del Sureste in the 3rd quarter worth about $46,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Grupo Aeroportuario del Sureste by 766.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 138 shares during the last quarter. 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.