Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Stock Has Average Target Price of $324.50 According to Analysts

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) has been given a consensus recommendation of “Hold” by the eight brokerages that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $324.50.

Several equities research analysts recently issued reports on ASR shares. JPMorgan Chase & Co. downgraded Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research note on Wednesday, July 22nd. Zacks Research downgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a report on Monday, September 7th. HSBC raised shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price target for the company in a research report on Thursday, July 30th. UBS Group upgraded shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a report on Thursday, June 18th. Finally, Weiss Ratings downgraded shares of Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st.

Grupo Aeroportuario del Sureste Trading Up 2.2%

NYSE ASR opened at $243.60 on Wednesday. Grupo Aeroportuario del Sureste has a twelve month low of $235.79 and a twelve month high of $381.52. 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 stock has a market cap of $7.31 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 1.57 and a beta of 0.47. The firm’s 50 day moving average price is $261.22 and its two-hundred day moving average price is $294.01.

Grupo Aeroportuario del Sureste (NYSE:ASR) last released its earnings results on Friday, July 24th. The transportation company reported $4.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.92 by ($0.54). The business had revenue of $547.46 million during the quarter, compared to analysts’ expectations of $517.35 million. Grupo Aeroportuario del Sureste had a net margin of 26.07% and a return on equity of 21.32%. Equities analysts anticipate that Grupo Aeroportuario del Sureste will post 19.54 EPS for the current year.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASR. BayBridge Capital Group LLC bought a new stake in Grupo Aeroportuario del Sureste in the second quarter worth approximately $315,000. Empowered Funds LLC bought a new position in shares of Grupo Aeroportuario del Sureste during the 1st quarter valued at $7,687,000. Bank of America Corp DE raised its holdings in shares of 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 valued at $2,025,000 after purchasing an additional 3,184 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in shares of Grupo Aeroportuario del Sureste in the 1st quarter valued at $220,000. Finally, Quantinno Capital Management LP lifted its stake in shares of Grupo Aeroportuario del Sureste by 111.2% in the 1st quarter. Quantinno Capital Management LP now owns 6,427 shares of the transportation company’s stock valued at $2,161,000 after purchasing an additional 3,384 shares during the last quarter. Institutional investors own 10.57% of the company’s stock.

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, primarily in Mexico. The company was established in 1998 as part of Mexico’s airport privatization program.

ASUR operates nine airports in southeastern Mexico, including Cancún, Mérida, Oaxaca, Veracruz, Villahermosa, Cozumel, Huatulco, Minatitlán and Tapachula. Its airport activities include passenger and aircraft handling, terminal operations, runway and airfield management, security coordination and other services supporting commercial aviation.

Through its international operations and partnerships, ASUR also has interests in airports outside Mexico.