Grupo Aeroportuario del Sureste (NYSE:ASR) Raised to “Buy” at Wall Street Zen

Grupo Aeroportuario del Sureste (NYSE:ASR) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other brokerages also recently issued reports 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. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a research note on Friday, November 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, January 21st. Finally, Scotiabank upgraded shares of Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, December 4th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Grupo Aeroportuario del Sureste has a consensus rating of “Hold” and an average target price of $300.00.

Grupo Aeroportuario del Sureste Price Performance

Shares of NYSE ASR opened at $316.80 on Friday. 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 $381.52. The stock has a market cap of $9.50 billion, a PE ratio of 17.21 and a beta of 0.53. The stock has a fifty day moving average of $346.83 and a 200-day moving average of $327.27.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings data on Tuesday, February 24th. The transportation company reported $5.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.04 by ($0.01). Grupo Aeroportuario del Sureste had a return on equity of 21.10% and a net margin of 27.93%.The company had revenue of $636.39 million for the quarter, compared to analysts’ expectations of $500.58 million. Equities research analysts anticipate that Grupo Aeroportuario del Sureste will post 23 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Grupo Aeroportuario del Sureste during the fourth quarter valued at about $35,000. State of Wyoming purchased a new position in shares of Grupo Aeroportuario del Sureste in the 3rd quarter worth about $46,000. Atlas Capital Advisors Inc. purchased a new position in shares of Grupo Aeroportuario del Sureste in the 4th quarter worth about $49,000. 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. Finally, Osaic Holdings Inc. increased its position in shares of Grupo Aeroportuario del Sureste by 38.2% during the 2nd quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 50 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.