Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR – Get Free Report) reached a new 52-week low on Monday . The company traded as low as $241.27 and last traded at $240.2270, with a volume of 6432 shares. The stock had previously closed at $243.32.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research note on Wednesday, July 22nd. UBS Group raised shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a report on Thursday, June 18th. Zacks Research downgraded shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a research note on Monday, September 7th. HSBC upgraded shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price objective on the stock in a report on Thursday, July 30th. Finally, Weiss Ratings downgraded Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $324.50.
Check Out Our Latest Report on ASR
Grupo Aeroportuario del Sureste Stock Performance
Grupo Aeroportuario del Sureste (NYSE:ASR – Get Free Report) last issued its quarterly 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 company had revenue of $547.46 million during the quarter, compared to the consensus estimate of $517.35 million. Grupo Aeroportuario del Sureste had a return on equity of 21.32% and a net margin of 26.07%. Equities analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 19.54 EPS for the current year.
Hedge Funds Weigh In On Grupo Aeroportuario del Sureste
Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its stake in Grupo Aeroportuario del Sureste by 18.3% during the 1st quarter. Bank of New York Mellon Corp now owns 30,621 shares of the transportation company’s stock worth $10,292,000 after buying an additional 4,743 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Grupo Aeroportuario del Sureste by 151.5% in the first quarter. Hsbc Holdings PLC now owns 63,506 shares of the transportation company’s stock valued at $21,346,000 after buying an additional 38,255 shares during the last quarter. Empirical Finance LLC acquired a new position in shares of Grupo Aeroportuario del Sureste during the first quarter valued at $7,687,000. Empowered Funds LLC acquired a new position in shares of Grupo Aeroportuario del Sureste during the first quarter valued at $7,687,000. Finally, Y Intercept Hong Kong Ltd grew its position in shares of Grupo Aeroportuario del Sureste by 757.6% during the first quarter. Y Intercept Hong Kong Ltd now owns 10,986 shares of the transportation company’s stock worth $3,693,000 after acquiring an additional 9,705 shares during the last quarter. 10.57% of the stock is owned by institutional investors.
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.
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