Grupo Aeroportuario del Sureste (NYSE:ASR) Downgraded to Underweight Rating by JPMorgan Chase & Co.

Grupo Aeroportuario del Sureste (NYSE:ASRGet Free Report) was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued on Wednesday, Marketbeat Ratings reports.

Other equities research analysts also recently issued research reports about the stock. UBS Group raised shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research report on Thursday, June 18th. Barclays raised Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Grupo Aeroportuario del Sureste currently has an average rating of “Hold” and an average target price of $300.00.

Read Our Latest Stock Report on ASR

Grupo Aeroportuario del Sureste Stock Performance

Shares of ASR stock opened at $274.94 on Wednesday. Grupo Aeroportuario del Sureste has a one year low of $270.78 and a one year high of $381.52. The company’s 50-day moving average is $295.98 and its 200 day moving average is $323.09. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.39 and a current ratio of 3.39.

Grupo Aeroportuario del Sureste (NYSE:ASRGet Free Report) last issued its earnings results on Tuesday, March 31st. The transportation company reported $5.24 earnings per share (EPS) for the quarter. The business had revenue of $495.15 million during the quarter. Grupo Aeroportuario del Sureste had a net margin of 26.32% and a return on equity of 21.77%. Sell-side analysts expect that Grupo Aeroportuario del Sureste will post 20.84 EPS for the current fiscal year.

Institutional Trading of Grupo Aeroportuario del Sureste

Several large investors have recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in Grupo Aeroportuario del Sureste by 6.3% in the first quarter. Royal Bank of Canada now owns 3,952 shares of the transportation company’s stock valued at $1,083,000 after acquiring an additional 235 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Grupo Aeroportuario del Sureste by 766.7% during 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. Marshall Wace LLP lifted its stake in shares of Grupo Aeroportuario del Sureste by 119.2% in the 2nd quarter. Marshall Wace LLP now owns 14,608 shares of the transportation company’s stock worth $4,658,000 after purchasing an additional 7,945 shares during the period. Jump Financial LLC purchased a new position in shares of Grupo Aeroportuario del Sureste in the second quarter worth approximately $1,432,000. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Grupo Aeroportuario del Sureste by 1.2% in the second quarter. Qube Research & Technologies Ltd now owns 50,441 shares of the transportation company’s stock worth $16,084,000 after buying an additional 584 shares during the last quarter. Institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Grupo Aeroportuario del Sureste (NYSE:ASR)

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