Brokerages Set Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Price Target at $324.50

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) has received an average rating of “Hold” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $324.50.

A number of research analysts have issued reports on ASR shares. JPMorgan Chase & Co. lowered shares of Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research note on Wednesday, July 22nd. UBS Group raised shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a report on Thursday, June 18th. Weiss Ratings downgraded Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Finally, 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 note on Thursday, July 30th.

Grupo Aeroportuario del Sureste Price Performance

Shares of ASR stock opened at $276.22 on Tuesday. Grupo Aeroportuario del Sureste has a fifty-two week low of $259.01 and a fifty-two week high of $381.52. The firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.80 and a beta of 0.48. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.39 and a current ratio of 3.39. The stock’s 50-day simple moving average is $288.39 and its 200-day simple moving average is $318.57.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its quarterly earnings data on Friday, July 24th. The transportation company reported $4.38 EPS for the quarter, missing the consensus estimate of $4.92 by ($0.54). The company had revenue of $547.46 million during the quarter, compared to analysts’ expectations of $517.35 million. Grupo Aeroportuario del Sureste had a net margin of 26.07% and a return on equity of 21.85%. As a group, equities analysts forecast that Grupo Aeroportuario del Sureste will post 19.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Empowered Funds LLC purchased a new stake in Grupo Aeroportuario del Sureste in the first quarter valued at approximately $7,687,000. Bank of America Corp DE raised its position in Grupo Aeroportuario del Sureste by 112.1% during the 1st quarter. Bank of America Corp DE now owns 6,025 shares of the transportation company’s stock worth $2,025,000 after buying an additional 3,184 shares during the last quarter. Parvin Asset Management LLC acquired a new stake in Grupo Aeroportuario del Sureste during the 1st quarter valued at approximately $220,000. Quantinno Capital Management LP lifted its stake in Grupo Aeroportuario del Sureste by 111.2% during the 1st quarter. Quantinno Capital Management LP now owns 6,427 shares of the transportation company’s stock valued at $2,161,000 after acquiring an additional 3,384 shares during the period. Finally, ABS Direct Equity Fund LLC boosted its holdings in shares of Grupo Aeroportuario del Sureste by 1.9% in the 1st quarter. ABS Direct Equity Fund LLC now owns 6,900 shares of the transportation company’s stock valued at $2,319,000 after acquiring an additional 130 shares during the last quarter. 10.57% of the stock is currently owned by hedge funds and other institutional investors.

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.