Grupo Aeroportuario del Sureste (NYSE:ASR) Upgraded at Barclays

Barclays upgraded shares of Grupo Aeroportuario del Sureste (NYSE:ASR) from a hold rating to a strong-buy rating in a report published on Tuesday morning,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Scotiabank raised shares of Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a report 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 raised Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Finally, Wall Street Zen cut Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Grupo Aeroportuario del Sureste has an average rating of “Hold” and an average price target of $300.00.

Grupo Aeroportuario del Sureste Trading Down 1.5%

NYSE:ASR opened at $334.26 on Tuesday. Grupo Aeroportuario del Sureste has a 1 year low of $249.21 and a 1 year high of $381.52. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.69 and a current ratio of 2.69. The stock has a fifty day moving average price of $347.31 and a two-hundred day moving average price of $327.00. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of 18.16 and a beta of 0.53.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its earnings results 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 company had revenue of $636.39 million for the quarter, compared to analysts’ expectations of $500.58 million. Grupo Aeroportuario del Sureste had a return on equity of 21.10% and a net margin of 27.93%. As a group, sell-side analysts anticipate that Grupo Aeroportuario del Sureste will post 23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

A number of large investors have recently added to or reduced their stakes in ASR. AGF Management Ltd. acquired a new stake in shares of Grupo Aeroportuario del Sureste in the third quarter valued at approximately $1,288,000. Fisher Funds Management LTD increased its stake in shares of Grupo Aeroportuario del Sureste by 13.3% during the 3rd quarter. Fisher Funds Management LTD now owns 40,654 shares of the transportation company’s stock worth $13,145,000 after purchasing an additional 4,786 shares in the last quarter. ABS Direct Equity Fund LLC purchased a new position in shares of Grupo Aeroportuario del Sureste during the 3rd quarter worth approximately $3,602,000. Schroder Investment Management Group acquired a new position in shares of Grupo Aeroportuario del Sureste during the 3rd quarter worth approximately $33,173,000. Finally, Russell Investments Group Ltd. raised its position in shares of Grupo Aeroportuario del Sureste by 4.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 75,898 shares of the transportation company’s stock worth $24,202,000 after purchasing an additional 3,433 shares during the last quarter. 10.57% of the stock is owned by institutional investors and hedge funds.

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.