Grupo Aeroportuario del Sureste (NYSE:ASR) Upgraded at Wall Street Zen

Grupo Aeroportuario del Sureste (NYSE:ASR) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other equities analysts have also recently commented on ASR. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a research note on Friday, November 14th. Zacks Research upgraded shares of Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, January 21st. Finally, Scotiabank raised shares of Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, December 4th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $300.00.

Grupo Aeroportuario del Sureste Stock Performance

ASR opened at $316.80 on Friday. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average price is $346.83 and its two-hundred day moving average price is $327.27. The firm has a market capitalization of $9.50 billion, a P/E ratio of 17.21 and a beta of 0.53. Grupo Aeroportuario del Sureste has a 12-month low of $249.21 and a 12-month high of $381.52.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ASR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Grupo Aeroportuario del Sureste in the 4th quarter valued at $35,000. State of Wyoming acquired a new position in shares of Grupo Aeroportuario del Sureste in the 3rd quarter valued at $46,000. Atlas Capital Advisors Inc. bought a new position in shares of Grupo Aeroportuario del Sureste during the 4th quarter worth about $49,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Grupo Aeroportuario del Sureste by 766.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock worth $50,000 after acquiring an additional 138 shares during the period. Finally, Osaic Holdings Inc. boosted its position in shares of Grupo Aeroportuario del Sureste by 38.2% during the 2nd quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 50 shares in the last quarter. 10.57% of the stock is owned by institutional investors.

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.