Grupo Aeroportuario del Sureste (NYSE:ASR) Stock Gets Downgrade from Zacks Research

Grupo Aeroportuario del Sureste (NYSE:ASR – Get Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday, Zacks reports.

Several other equities analysts have also recently commented on the stock. 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. JPMorgan Chase & Co. cut Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings upgraded Grupo Aeroportuario del Sureste from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $349.00.

Get Our Latest Stock Report on Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste Trading Up 1.4%

NYSE ASR opened at $272.07 on Tuesday. The firm has a 50 day simple moving average of $247.45 and a 200-day simple moving average of $295.49. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.29 and a current ratio of 3.29. Grupo Aeroportuario del Sureste has a one year low of $226.19 and a one year high of $381.52. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 2.18 and a beta of 0.49.

Grupo Aeroportuario del Sureste (NYSE:ASR – Get Free Report) last announced its earnings results on Thursday, October 22nd. The transportation company reported $3.98 earnings per share for the quarter, missing the consensus estimate of $4.38 by ($0.40). The business had revenue of $576.34 million for the quarter, compared to analysts’ expectations of $527.02 million. Grupo Aeroportuario del Sureste had a return on equity of 20.94% and a net margin of 25.10%. Equities research analysts anticipate that Grupo Aeroportuario del Sureste will post 18.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

A number of hedge funds and other institutional investors have recently modified their holdings of ASR. U S Global Investors Inc. acquired a new position in shares of Grupo Aeroportuario del Sureste during the third quarter worth $3,792,000. Bank of New York Mellon Corp increased its holdings in Grupo Aeroportuario del Sureste by 18.3% in the first quarter. Bank of New York Mellon Corp now owns 30,621 shares of the transportation company’s stock valued at $10,292,000 after buying an additional 4,743 shares during the last quarter. Hsbc Holdings PLC raised 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 in the last quarter. Empirical Finance LLC acquired a new stake in Grupo Aeroportuario del Sureste in the first quarter valued at $7,687,000. Finally, Empowered Funds LLC acquired a new stake in Grupo Aeroportuario del Sureste in the first quarter valued at $7,687,000. 10.57% of the stock is currently owned by institutional investors and hedge funds.

About Grupo Aeroportuario del Sureste

(Get Free Report)

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a Mexican airport operator that develops, operates and maintains airports under long-term concessions. Its activities include passenger and aircraft services, airport infrastructure and commercial offerings such as retail, food and beverage, parking and other passenger services. ASUR operates nine airports in southeastern Mexico, including Cancún, Mérida, Oaxaca, Veracruz and Cozumel. Its portfolio also extends beyond Mexico through interests in airport operations in Puerto Rico and Colombia.

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

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