Grupo Aeroportuario del Sureste (NYSE:ASR) Raised to “Hold” at Zacks Research

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

A number of other equities analysts have also recently commented on ASR. JPMorgan Chase & Co. cut Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a report on Wednesday, July 22nd. Weiss Ratings lowered Grupo Aeroportuario del Sureste from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. HSBC upgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 target price for the company in a research note on Thursday, July 30th. Finally, UBS Group raised Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Grupo Aeroportuario del Sureste currently has an average rating of “Hold” and an average target price of $324.50.

Grupo Aeroportuario del Sureste Stock Performance

Shares of ASR opened at $234.65 on Monday. The firm has a 50-day moving average of $252.28 and a 200-day moving average of $286.15. Grupo Aeroportuario del Sureste has a one year low of $226.19 and a one year high of $381.52. The company has a market cap of $7.04 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 1.57 and a beta of 0.52. 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 released its quarterly earnings data 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). The firm had revenue of $547.46 million for the quarter, compared to analyst estimates of $517.35 million. Grupo Aeroportuario del Sureste had a return on equity of 21.32% and a net margin of 26.07%. As a group, equities analysts forecast that Grupo Aeroportuario del Sureste will post 19.54 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ASR. Euro Pacific Asset Management LLC boosted its stake in Grupo Aeroportuario del Sureste by 19.3% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 3,586 shares of the transportation company’s stock valued at $919,000 after purchasing an additional 581 shares during the period. BayBridge Capital Group LLC bought a new position in Grupo Aeroportuario del Sureste during the 2nd quarter worth $315,000. Empowered Funds LLC bought a new position in Grupo Aeroportuario del Sureste during the 1st quarter worth $7,687,000. Bank of America Corp DE increased its position in Grupo Aeroportuario del Sureste by 112.1% during the 1st quarter. Bank of America Corp DE now owns 6,025 shares of the transportation company’s stock worth $2,025,000 after buying an additional 3,184 shares during the period. Finally, Parvin Asset Management LLC acquired a new stake in shares of Grupo Aeroportuario del Sureste during the first quarter worth $220,000. 10.57% of the stock is owned by institutional investors.

Grupo Aeroportuario del Sureste Company Profile

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 under long-term government concessions. Its activities include passenger and aircraft operations, terminal services, commercial facilities, parking and other airport-related services.

ASUR operates nine airports in southeastern Mexico, including Cancún International Airport, one of the country’s major tourism gateways, as well as airports serving Mérida, Oaxaca, Veracruz, Villahermosa, Cozumel, Huatulco, Tapachula and Minatitlán.