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

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $300.00.

ASR has been the topic of several recent research reports. Morgan Stanley downgraded shares of Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 price objective on the stock. in a research report on Monday, November 10th. Scotiabank upgraded shares of Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, December 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, January 21st. Zacks Research upgraded Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a report on Friday, November 14th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Compound Planning Inc. raised its stake in shares of Grupo Aeroportuario del Sureste by 4.3% during the fourth quarter. Compound Planning Inc. now owns 704 shares of the transportation company’s stock valued at $228,000 after purchasing an additional 29 shares in the last quarter. Invesco Ltd. grew its position in Grupo Aeroportuario del Sureste by 30.6% in the 4th quarter. Invesco Ltd. now owns 4,054 shares of the transportation company’s stock valued at $1,311,000 after buying an additional 951 shares in the last quarter. Corient Private Wealth LLC grew its position in Grupo Aeroportuario del Sureste by 13.8% in the 4th quarter. Corient Private Wealth LLC now owns 1,472 shares of the transportation company’s stock valued at $476,000 after buying an additional 179 shares in the last quarter. Mackenzie Financial Corp increased its stake in Grupo Aeroportuario del Sureste by 29.5% during the 4th quarter. Mackenzie Financial Corp now owns 16,429 shares of the transportation company’s stock valued at $5,313,000 after buying an additional 3,742 shares during the period. Finally, Pillsbury Lake Capital LLC acquired a new position in Grupo Aeroportuario del Sureste during the 4th quarter valued at about $6,483,000. Institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Price Performance

Shares of NYSE ASR opened at $333.57 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.69 and a quick ratio of 2.69. The firm has a market capitalization of $10.01 billion, a PE ratio of 18.12 and a beta of 0.53. Grupo Aeroportuario del Sureste has a 1-year low of $249.21 and a 1-year high of $381.52. The business’s fifty day moving average price is $346.40 and its two-hundred day moving average price is $327.19.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its quarterly earnings results on Tuesday, February 24th. The transportation company reported $5.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.04 by ($0.01). The firm had revenue of $636.39 million for the quarter, compared to analyst estimates of $500.58 million. Grupo Aeroportuario del Sureste had a net margin of 27.93% and a return on equity of 21.10%. On average, research analysts expect that Grupo Aeroportuario del Sureste will post 23 EPS for the current year.

Grupo Aeroportuario del Sureste Company Profile

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.