Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Receives Average Recommendation of “Hold” from Analysts

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) has received an average rating of “Hold” from the seven research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $305.00.

Several equities analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, January 21st. Scotiabank upgraded shares of Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, December 4th. Zacks Research upgraded shares of Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a research note on Friday, November 14th. Finally, Morgan Stanley lowered shares of Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 target price on the stock. in a report on Monday, November 10th.

Grupo Aeroportuario del Sureste Stock Performance

Grupo Aeroportuario del Sureste stock opened at $369.89 on Tuesday. Grupo Aeroportuario del Sureste has a fifty-two week low of $249.21 and a fifty-two week high of $374.43. The firm’s fifty day moving average price is $328.19 and its 200-day moving average price is $320.54. The stock has a market cap of $11.10 billion, a P/E ratio of 19.61 and a beta of 0.56. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.69 and a current ratio of 2.69.

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. Assetmark Inc. grew its position in Grupo Aeroportuario del Sureste by 494.7% during the 2nd quarter. Assetmark Inc. now owns 113 shares of the transportation company’s stock worth $36,000 after acquiring an additional 94 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Grupo Aeroportuario del Sureste by 13,800.0% in the second quarter. Hantz Financial Services Inc. now owns 139 shares of the transportation company’s stock worth $44,000 after purchasing an additional 138 shares during the last quarter. State of Wyoming purchased a new position in shares of Grupo Aeroportuario del Sureste in the third quarter worth $46,000. EverSource Wealth Advisors LLC increased its stake in shares of Grupo Aeroportuario del Sureste by 766.7% in the second quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock worth $50,000 after buying an additional 138 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Grupo Aeroportuario del Sureste during the 2nd quarter valued at $58,000. 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) is a leading airport operator in Mexico specializing in the development, operation and management of airports under long-term concession agreements. The company’s core business activities include the operation of passenger and cargo terminals, the administration of retail and service concessions, the provision of parking and ground-support services, and the implementation of security and maintenance programs.

ASR holds concession rights for nine airports across southeastern Mexico, including premier tourism hubs such as Cancún, Cozumel and Huatulco, as well as regional facilities in Mérida, Oaxaca, Veracruz and Minatitlán.