Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR – Get Free Report) has been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $324.50.
ASR has been the subject of several recent research reports. JPMorgan Chase & Co. lowered Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a report on Wednesday, July 22nd. Weiss Ratings downgraded Grupo Aeroportuario del Sureste from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. HSBC upgraded 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, Zacks Research raised Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th.
Check Out Our Latest Report on Grupo Aeroportuario del Sureste
Grupo Aeroportuario del Sureste Stock Performance
Shares of ASR opened at $248.47 on Friday. The company’s 50 day simple moving average is $247.59 and its 200 day simple moving average is $281.22. Grupo Aeroportuario del Sureste has a 1 year low of $226.19 and a 1 year high of $381.52. The company has a market capitalization of $7.45 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 2.01 and a beta of 0.52. 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 (NYSE:ASR – Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The transportation company reported $3.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.38 by ($0.40). Grupo Aeroportuario del Sureste had a return on equity of 20.94% and a net margin of 25.10%. The business had revenue of $576.34 million for the quarter, compared to analysts’ expectations of $527.02 million. On average, sell-side analysts predict that Grupo Aeroportuario del Sureste will post 18.32 EPS for the current year.
Hedge Funds Weigh In On Grupo Aeroportuario del Sureste
A number of large investors have recently made changes to their positions in ASR. Robeco Institutional Asset Management B.V. increased its position in Grupo Aeroportuario del Sureste by 16.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 99,975 shares of the transportation company’s stock worth $23,513,000 after purchasing an additional 13,867 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Grupo Aeroportuario del Sureste by 151.5% in the 1st 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. Bank of New York Mellon Corp grew its stake in shares of Grupo Aeroportuario del Sureste by 18.3% in the 1st 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 in the last quarter. Empowered Funds LLC acquired a new position in Grupo Aeroportuario del Sureste in the first quarter worth approximately $7,687,000. Finally, Empirical Finance LLC acquired a new position in Grupo Aeroportuario del Sureste in the first quarter worth approximately $7,687,000. Institutional investors and hedge funds own 10.57% of the company’s stock.
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. Its activities include passenger and aircraft services, terminal operations, commercial facilities, parking, and other services related to airport transportation.
ASUR operates a portfolio of airports in southeastern Mexico, including Cancún International Airport, one of the country’s major tourism gateways, as well as airports serving Mérida, Cozumel, Oaxaca, Huatulco, Veracruz, Villahermosa, Tapachula and Minatitlán.
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