Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) have been given an average rating of “Reduce” by the seven analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $305.00.

Several brokerages have weighed in on ASR. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a research note on Friday, November 14th. Citigroup reiterated a “buy” rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, September 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, October 8th. Morgan Stanley downgraded Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 price target for the company. in a research report on Monday, November 10th. Finally, Zacks Research lowered shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th.

Institutional Trading of Grupo Aeroportuario del Sureste

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASR. AQR Capital Management LLC boosted its position in shares of Grupo Aeroportuario del Sureste by 126.2% during the first quarter. AQR Capital Management LLC now owns 309,500 shares of the transportation company’s stock valued at $84,339,000 after buying an additional 172,654 shares during the period. Nuveen LLC bought a new stake in shares of Grupo Aeroportuario del Sureste during the 1st quarter worth approximately $44,197,000. Itau Unibanco Holding S.A. boosted its holdings in Grupo Aeroportuario del Sureste by 2,425.8% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 110,227 shares of the transportation company’s stock valued at $35,148,000 after acquiring an additional 105,863 shares during the period. Schroder Investment Management Group bought a new position in Grupo Aeroportuario del Sureste in the 3rd quarter valued at $33,173,000. Finally, Jane Street Group LLC bought a new position in Grupo Aeroportuario del Sureste in the 2nd quarter valued at $7,310,000. 10.57% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Sureste Price Performance

ASR stock opened at $301.08 on Thursday. Grupo Aeroportuario del Sureste has a 52 week low of $249.21 and a 52 week high of $360.00. The company has a quick ratio of 5.16, a current ratio of 5.16 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $311.50 and a two-hundred day simple moving average of $318.03. The firm has a market capitalization of $9.03 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 8.54 and a beta of 0.77.

Grupo Aeroportuario del Sureste (NYSE:ASR) last posted its earnings results on Wednesday, October 22nd. The transportation company reported $3.84 earnings per share for the quarter, missing analysts’ consensus estimates of $5.26 by ($1.42). The business had revenue of $478.54 million during the quarter, compared to the consensus estimate of $502.91 million. Grupo Aeroportuario del Sureste had a return on equity of 17.47% and a net margin of 31.96%. Analysts anticipate that Grupo Aeroportuario del Sureste will post 23 earnings per share for the current fiscal year.

Grupo Aeroportuario del Sureste Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Monday, December 8th. Investors of record on Wednesday, November 26th will be paid a dividend of $8.1473 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a dividend yield of 271.0%. Grupo Aeroportuario del Sureste’s payout ratio is currently 200.48%.

About Grupo Aeroportuario del Sureste

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 airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán.