Grupo Aeroportuario del Sureste (NYSE:ASR) Upgraded to Buy at UBS Group

Grupo Aeroportuario del Sureste (NYSE:ASR) was upgraded by research analysts at UBS Group from a “neutral” rating to a “buy” rating in a report released on Thursday, MarketBeat Ratings reports.

Several other equities analysts have also recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Monday, April 20th. Barclays raised shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Finally, Wall Street Zen lowered shares of Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Grupo Aeroportuario del Sureste currently has an average rating of “Moderate Buy” and an average price target of $300.00.

Grupo Aeroportuario del Sureste Stock Down 1.2%

Shares of ASR stock opened at $301.57 on Thursday. The stock has a 50 day moving average of $310.21 and a 200 day moving average of $326.54. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.54. The stock has a market cap of $9.05 billion, a P/E ratio of 16.74, a P/E/G ratio of 2.50 and a beta of 0.47. Grupo Aeroportuario del Sureste has a twelve month low of $275.00 and a twelve month high of $381.52.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its quarterly earnings results on Tuesday, March 31st. The transportation company reported $5.24 earnings per share (EPS) for the quarter. The company had revenue of $495.15 million during the quarter. Grupo Aeroportuario del Sureste had a return on equity of 21.77% and a net margin of 26.32%. As a group, sell-side analysts expect that Grupo Aeroportuario del Sureste will post 21 EPS for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Institutional investors and hedge funds 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 shares of Grupo Aeroportuario del Sureste during the fourth quarter worth approximately $35,000. Atlas Capital Advisors Inc. acquired a new stake in Grupo Aeroportuario del Sureste during the 4th quarter worth $49,000. EverSource Wealth Advisors LLC grew its holdings in shares of Grupo Aeroportuario del Sureste by 766.7% during the second quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock worth $50,000 after buying an additional 138 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Grupo Aeroportuario del Sureste by 38.2% during the second quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock worth $58,000 after buying an additional 50 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Grupo Aeroportuario del Sureste by 63.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 324 shares of the transportation company’s stock valued at $105,000 after buying an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 10.57% of the company’s stock.

About Grupo Aeroportuario del Sureste

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.