Grupo Aeroportuario del Sureste (NYSE:ASR – Get Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday, Zacks reports.
Other analysts have also issued reports about the company. UBS Group raised Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a report on Thursday, June 18th. JPMorgan Chase & Co. downgraded Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research note on Wednesday, July 22nd. HSBC raised shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price objective for the company in a research report on Thursday, July 30th. Finally, Weiss Ratings downgraded shares of Grupo Aeroportuario del Sureste from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $324.50.
Get Our Latest Research Report on Grupo Aeroportuario del Sureste
Grupo Aeroportuario del Sureste Price Performance
Grupo Aeroportuario del Sureste (NYSE:ASR – Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The transportation company reported $4.38 earnings per share for the quarter, missing the consensus estimate of $4.92 by ($0.54). The company had revenue of $547.46 million during the quarter, compared to analyst estimates of $517.35 million. Grupo Aeroportuario del Sureste had a net margin of 26.07% and a return on equity of 21.32%. As a group, research analysts expect that Grupo Aeroportuario del Sureste will post 19.54 EPS for the current fiscal year.
Hedge Funds Weigh In On Grupo Aeroportuario del Sureste
Several large investors have recently modified their holdings of ASR. Bank of New York Mellon Corp increased its stake 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 purchasing an additional 4,743 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Grupo Aeroportuario del Sureste by 151.5% during the first quarter. Hsbc Holdings PLC now owns 63,506 shares of the transportation company’s stock worth $21,346,000 after acquiring an additional 38,255 shares in the last quarter. Empirical Finance LLC purchased a new stake in shares of Grupo Aeroportuario del Sureste in the first quarter worth approximately $7,687,000. Empowered Funds LLC bought a new position in Grupo Aeroportuario del Sureste during the 1st quarter valued at $7,687,000. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of Grupo Aeroportuario del Sureste by 757.6% in the 1st 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 in the last quarter. Institutional investors own 10.57% of the company’s stock.
About Grupo Aeroportuario del Sureste
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 under long-term government concessions. Its activities include passenger and aircraft operations, terminal services, commercial facilities, parking and other airport-related services.
ASUR operates nine airports in southeastern Mexico, including Cancún International Airport, one of the country’s major tourism gateways, as well as airports serving Mérida, Oaxaca, Veracruz, Villahermosa, Cozumel, Huatulco, Tapachula and Minatitlán.
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