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

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) have received a consensus recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $300.00.

Several equities research analysts have issued reports on ASR shares. Zacks Research upgraded Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Barclays upgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Wall Street Zen lowered Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Scotiabank raised Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, December 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, January 21st.

Grupo Aeroportuario del Sureste Trading Up 3.5%

Shares of NYSE ASR opened at $336.23 on Wednesday. Grupo Aeroportuario del Sureste has a twelve month low of $249.21 and a twelve month high of $381.52. The stock has a market cap of $10.09 billion, a price-to-earnings ratio of 18.26 and a beta of 0.53. The company has a quick ratio of 2.69, a current ratio of 2.91 and a debt-to-equity ratio of 0.58. The company’s fifty day moving average is $347.71 and its 200-day moving average is $326.54.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings data on Tuesday, February 24th. The transportation company reported $5.03 EPS for the quarter, missing the consensus estimate of $5.04 by ($0.01). The business had revenue of $608.62 million for the quarter, compared to analyst estimates of $500.58 million. Grupo Aeroportuario del Sureste had a return on equity of 21.42% and a net margin of 27.93%. Equities research analysts predict that Grupo Aeroportuario del Sureste will post 23 EPS for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG boosted its stake in Grupo Aeroportuario del Sureste by 90.6% in the 4th quarter. Deutsche Bank AG now owns 187,759 shares of the transportation company’s stock worth $60,721,000 after purchasing an additional 89,239 shares during the period. Morgan Stanley raised its stake in shares of Grupo Aeroportuario del Sureste by 20.4% in the 4th quarter. Morgan Stanley now owns 184,883 shares of the transportation company’s stock valued at $59,792,000 after purchasing an additional 31,298 shares during the period. State Street Corp lifted its holdings in shares of Grupo Aeroportuario del Sureste by 3.2% in the fourth quarter. State Street Corp now owns 171,848 shares of the transportation company’s stock valued at $55,576,000 after purchasing an additional 5,338 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Grupo Aeroportuario del Sureste by 2.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 103,379 shares of the transportation company’s stock valued at $33,433,000 after purchasing an additional 2,134 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new position in shares of Grupo Aeroportuario del Sureste during the third quarter worth about $33,173,000. 10.57% of the stock is currently owned by institutional investors and hedge funds.

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.