Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Given Average Rating of “Hold” by Analysts

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) has earned an average rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $324.50.

Several research firms have weighed in on ASR. UBS Group upgraded shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research report on Thursday, June 18th. JPMorgan Chase & Co. cut shares of Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research note on Wednesday, July 22nd. Weiss Ratings lowered shares of Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Finally, HSBC upgraded shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price objective for the company in a research report on Thursday, July 30th.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

Large investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Grupo Aeroportuario del Sureste in the fourth quarter worth about $35,000. Atlas Capital Advisors Inc. acquired a new position in Grupo Aeroportuario del Sureste during the 4th quarter valued at about $49,000. EverSource Wealth Advisors LLC boosted its stake in shares of Grupo Aeroportuario del Sureste by 766.7% in the 2nd 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 last quarter. Osaic Holdings Inc. grew its position in shares of Grupo Aeroportuario del Sureste by 38.2% during the 2nd quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock worth $58,000 after buying an additional 50 shares during the period. Finally, State of Wyoming grew its position in shares of Grupo Aeroportuario del Sureste by 195.1% during the 4th quarter. State of Wyoming now owns 419 shares of the transportation company’s stock worth $136,000 after buying an additional 277 shares during the period. Institutional investors and hedge funds own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Trading Down 1.0%

Shares of ASR opened at $257.56 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.29 and a current ratio of 3.29. The company has a market cap of $7.73 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 1.71 and a beta of 0.48. The stock has a fifty day moving average price of $279.59 and a two-hundred day moving average price of $309.92. Grupo Aeroportuario del Sureste has a 52-week low of $255.93 and a 52-week high of $381.52.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its 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 return on equity of 21.32% and a net margin of 26.07%.The business had revenue of $547.46 million for the quarter, compared to the consensus estimate of $517.35 million. Analysts predict that Grupo Aeroportuario del Sureste will post 19.54 EPS for the current fiscal year.

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.