Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) Lowered to “Strong Sell” at ValuEngine

ValuEngine downgraded shares of Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) from a sell rating to a strong sell rating in a research report sent to investors on Thursday morning, ValuEngine reports.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. lowered shares of Grupo Aeroportuario dl Srst SAB CV from an overweight rating to a neutral rating in a research note on Tuesday, October 29th. Raymond James reiterated an outperform rating on shares of Grupo Aeroportuario dl Srst SAB CV in a research note on Wednesday, October 30th. Finally, Zacks Investment Research upgraded shares of Grupo Aeroportuario dl Srst SAB CV from a hold rating to a buy rating and set a $184.00 target price for the company in a research note on Monday, November 4th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $185.50.

Shares of NYSE ASR traded up $1.65 during trading on Thursday, hitting $171.85. The stock had a trading volume of 21,089 shares, compared to its average volume of 63,200. Grupo Aeroportuario dl Srst SAB CV has a 12 month low of $127.95 and a 12 month high of $184.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.51 and a quick ratio of 3.51. The company has a market capitalization of $5.13 billion, a PE ratio of 20.68, a PEG ratio of 4.07 and a beta of 0.59. The firm has a fifty day moving average of $160.48 and a two-hundred day moving average of $157.99.

Several large investors have recently modified their holdings of ASR. SPX Equities Gestao de Recursos Ltda boosted its holdings in shares of Grupo Aeroportuario dl Srst SAB CV by 37.0% in the 2nd quarter. SPX Equities Gestao de Recursos Ltda now owns 10,000 shares of the transportation company’s stock worth $1,621,000 after buying an additional 2,700 shares during the last quarter. Hexavest Inc. boosted its holdings in shares of Grupo Aeroportuario dl Srst SAB CV by 49.6% in the 2nd quarter. Hexavest Inc. now owns 851 shares of the transportation company’s stock worth $138,000 after buying an additional 282 shares during the last quarter. Naples Global Advisors LLC boosted its holdings in shares of Grupo Aeroportuario dl Srst SAB CV by 7.1% in the 2nd quarter. Naples Global Advisors LLC now owns 2,270 shares of the transportation company’s stock worth $368,000 after buying an additional 150 shares during the last quarter. Bessemer Group Inc. purchased a new position in shares of Grupo Aeroportuario dl Srst SAB CV in the 2nd quarter worth about $12,309,000. Finally, Legato Capital Management LLC boosted its holdings in shares of Grupo Aeroportuario dl Srst SAB CV by 20.6% in the 2nd quarter. Legato Capital Management LLC now owns 8,200 shares of the transportation company’s stock worth $1,329,000 after buying an additional 1,400 shares during the last quarter. 18.40% of the stock is currently owned by institutional investors.

About Grupo Aeroportuario dl Srst SAB CV

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. It operates nine airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlan. The company provides aeronautical services, which include passenger, aircraft landing and parking, passenger walkway, and airport security services.

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