Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Lowered to “Hold” at StockNews.com

StockNews.com lowered shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) from a buy rating to a hold rating in a research report released on Thursday.

A number of other brokerages also recently issued reports on ASR. The Goldman Sachs Group raised Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a sell rating to a buy rating and upped their target price for the company from $274.00 to $326.00 in a research report on Friday, January 26th. Barclays downgraded Grupo Aeroportuario del Sureste, S. A. B. de C. V. from an overweight rating to an equal weight rating in a research report on Wednesday, March 13th. Finally, Bank of America raised Grupo Aeroportuario del Sureste, S. A. B. de C. V. from an underperform rating to a buy rating in a research report on Thursday, December 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Hold and an average target price of $274.00.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Stock Performance

Shares of NYSE:ASR opened at $329.37 on Thursday. The company has a market capitalization of $9.88 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 3.10 and a beta of 1.18. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 52 week low of $165.00 and a 52 week high of $332.32. The company has a quick ratio of 2.97, a current ratio of 4.26 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $302.58 and a 200 day moving average of $266.72.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last issued its quarterly earnings results on Monday, February 26th. The transportation company reported $4.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.78 by ($0.79). The business had revenue of $392.31 million for the quarter. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a return on equity of 20.77% and a net margin of 39.55%. On average, sell-side analysts predict that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste, S. A. B. de C. V.

Several hedge funds have recently added to or reduced their stakes in ASR. PNC Financial Services Group Inc. boosted its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 62.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 840 shares of the transportation company’s stock worth $247,000 after acquiring an additional 322 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 42.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 40,382 shares of the transportation company’s stock worth $11,883,000 after acquiring an additional 12,132 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the 4th quarter worth about $345,000. FIL Ltd boosted its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 4.8% during the 4th quarter. FIL Ltd now owns 12,440 shares of the transportation company’s stock worth $3,661,000 after acquiring an additional 565 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 22.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 114,156 shares of the transportation company’s stock worth $33,593,000 after acquiring an additional 20,836 shares in the last quarter. 10.57% of the stock is owned by hedge funds and other institutional investors.

About Grupo Aeroportuario del Sureste, S. A. B. de C. V.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán.