Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASRGet Rating) from a hold rating to a buy rating in a research note released on Friday.

A number of other brokerages have also recently weighed in on ASR. Bradesco Corretora cut shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. to a hold rating and set a $230.00 price objective on the stock. in a report on Tuesday, February 8th. Zacks Investment Research upgraded shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a hold rating to a strong-buy rating and set a $214.00 price target on the stock in a report on Tuesday, March 8th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $218.20.

Shares of ASR opened at $218.22 on Friday. The stock has a market cap of $6.42 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 4.10 and a beta of 1.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.06 and a current ratio of 3.32. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a fifty-two week low of $165.48 and a fifty-two week high of $230.80. The firm’s 50-day simple moving average is $208.12 and its two-hundred day simple moving average is $204.05.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASRGet Rating) last announced its quarterly earnings data on Thursday, February 24th. The transportation company reported $3.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.76 by $0.52. The business had revenue of $327.37 million for the quarter, compared to analysts’ expectations of $353.02 million. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a net margin of 33.99% and a return on equity of 16.19%. Equities research analysts predict that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 11.86 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASR. Bellevue Group AG bought a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the fourth quarter worth approximately $28,000. Addison Advisors LLC bought a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the first quarter worth approximately $39,000. Wells Fargo & Company MN raised its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 38.2% during the 4th quarter. Wells Fargo & Company MN now owns 286 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 79 shares during the period. Barclays PLC bought a new stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the 3rd quarter valued at $103,000. Finally, Salem Investment Counselors Inc. bought a new stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the 4th quarter valued at $108,000. Institutional investors and hedge funds own 18.22% of the company’s stock.

About Grupo Aeroportuario del Sureste, S. A. B. de C. V. (Get Rating)

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates nine airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlan.

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