Grupo Aeroportuario del Sureste (NYSE:ASR) Lowered to “Strong Sell” Rating by Zacks Research

Grupo Aeroportuario del Sureste (NYSE:ASR) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday, Zacks reports.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. lowered Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research note on Wednesday, July 22nd. UBS Group raised Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research note on Thursday, June 18th. Weiss Ratings lowered Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Finally, HSBC raised shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price target on the stock in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $324.50.

Grupo Aeroportuario del Sureste Trading Down 0.6%

Shares of Grupo Aeroportuario del Sureste stock opened at $255.77 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.29 and a quick ratio of 3.29. The stock’s 50 day simple moving average is $272.77 and its 200-day simple moving average is $303.66. The stock has a market cap of $7.67 billion, a P/E ratio of 13.76, a P/E/G ratio of 1.70 and a beta of 0.47. Grupo Aeroportuario del Sureste has a 1-year low of $249.58 and a 1-year high of $381.52.

Grupo Aeroportuario del Sureste (NYSE:ASR) last posted its quarterly earnings results on Friday, July 24th. The transportation company reported $4.38 EPS for the quarter, missing the consensus estimate of $4.92 by ($0.54). Grupo Aeroportuario del Sureste had a net margin of 26.07% and a return on equity of 21.32%. The company had revenue of $547.46 million during the quarter, compared to analyst estimates of $517.35 million. Analysts predict that Grupo Aeroportuario del Sureste will post 19.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ASR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Grupo Aeroportuario del Sureste in the fourth quarter worth approximately $35,000. Atlas Capital Advisors Inc. purchased a new stake in Grupo Aeroportuario del Sureste in the fourth quarter valued at $49,000. EverSource Wealth Advisors LLC raised its position in Grupo Aeroportuario del Sureste by 766.7% in the second 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 period. Osaic Holdings Inc. lifted its stake in shares of Grupo Aeroportuario del Sureste by 38.2% in 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. Finally, State of Wyoming lifted its stake in shares of Grupo Aeroportuario del Sureste by 195.1% in the 4th quarter. State of Wyoming now owns 419 shares of the transportation company’s stock valued at $136,000 after purchasing an additional 277 shares during the last quarter. 10.57% of the stock is currently owned by institutional investors and hedge funds.

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.