Brokerages Set Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) PT at $300.00

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $300.00.

ASR has been the subject of several recent analyst reports. Wall Street Zen cut Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Monday, April 20th. UBS Group upgraded Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research report on Thursday, June 18th. Finally, Barclays raised Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th.

Grupo Aeroportuario del Sureste Trading Down 0.9%

Grupo Aeroportuario del Sureste stock opened at $276.19 on Friday. The company has a 50 day moving average price of $299.20 and a 200 day moving average price of $324.78. Grupo Aeroportuario del Sureste has a 52 week low of $275.00 and a 52 week high of $381.52. 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 firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of 15.34, a P/E/G ratio of 1.97 and a beta of 0.46.

Grupo Aeroportuario del Sureste (NYSE:ASR) last posted its quarterly earnings data on Tuesday, March 31st. The transportation company reported $5.24 earnings per share for the quarter. Grupo Aeroportuario del Sureste had a net margin of 26.32% and a return on equity of 21.77%. The firm had revenue of $495.15 million for the quarter. Research analysts forecast that Grupo Aeroportuario del Sureste will post 20.84 EPS for the current year.

Grupo Aeroportuario del Sureste Announces Dividend

The business also recently declared a special dividend, which was paid on Monday, June 8th. Investors of record on Wednesday, May 27th were issued a dividend of $5.7572 per share. The ex-dividend date was Wednesday, May 27th. Grupo Aeroportuario del Sureste’s dividend payout ratio (DPR) is currently 110.22%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Schroder Investment Management Group purchased a new stake in shares of Grupo Aeroportuario del Sureste during the 3rd quarter worth about $33,173,000. Deutsche Bank AG grew its stake in shares of Grupo Aeroportuario del Sureste by 90.6% in the 4th quarter. Deutsche Bank AG now owns 187,759 shares of the transportation company’s stock valued at $60,721,000 after buying an additional 89,239 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Grupo Aeroportuario del Sureste by 151.5% in the 1st quarter. Hsbc Holdings PLC now owns 63,506 shares of the transportation company’s stock valued at $21,346,000 after buying an additional 38,255 shares in the last quarter. Morgan Stanley increased its holdings in Grupo Aeroportuario del Sureste by 20.4% in the fourth quarter. Morgan Stanley now owns 184,883 shares of the transportation company’s stock worth $59,792,000 after buying an additional 31,298 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Grupo Aeroportuario del Sureste in the second quarter worth approximately $7,310,000. Institutional investors and hedge funds 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.