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 received a consensus rating of “Hold” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, one has given a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $324.50.

Several equities analysts have recently commented on the company. Zacks Research downgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a research report on Monday, September 7th. UBS Group upgraded Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research 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 note on Friday, July 31st. HSBC raised Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price target on the stock in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. downgraded Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research note on Wednesday, July 22nd.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

Hedge funds have recently modified their holdings of the stock. BayBridge Capital Group LLC bought a new position in shares of Grupo Aeroportuario del Sureste during the second quarter worth $315,000. Empowered Funds LLC bought a new stake in Grupo Aeroportuario del Sureste in the 1st quarter valued at $7,687,000. Bank of America Corp DE increased its holdings in Grupo Aeroportuario del Sureste by 112.1% in the 1st quarter. Bank of America Corp DE now owns 6,025 shares of the transportation company’s stock valued at $2,025,000 after acquiring an additional 3,184 shares during the last quarter. Parvin Asset Management LLC purchased a new stake in Grupo Aeroportuario del Sureste in the 1st quarter worth $220,000. Finally, Quantinno Capital Management LP lifted its stake in Grupo Aeroportuario del Sureste by 111.2% in the 1st quarter. Quantinno Capital Management LP now owns 6,427 shares of the transportation company’s stock worth $2,161,000 after purchasing an additional 3,384 shares in the last quarter. Hedge funds and other institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Stock Up 0.2%

Shares of ASR stock opened at $243.60 on Wednesday. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 1.60 and a beta of 0.47. Grupo Aeroportuario del Sureste has a one year low of $235.79 and a one year high of $381.52. The company’s fifty day moving average price is $261.22 and its 200-day moving average price is $293.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.29 and a quick ratio of 3.29.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its earnings results 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). Grupo Aeroportuario del Sureste had a return on equity of 21.32% and a net margin of 26.07%.The firm had revenue of $547.46 million during the quarter, compared to the consensus estimate of $517.35 million. Sell-side analysts expect that Grupo Aeroportuario del Sureste will post 19.54 EPS for the current fiscal year.

About Grupo Aeroportuario del Sureste

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.