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

by · The Cerbat Gem

Wall Street Zen upgraded shares of Grupo Aeroportuario del Sureste (NYSE:ASR – Free Report) from a hold rating to a buy rating in a research report released on Saturday.

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

Check Out Our Latest Analysis on ASR

Grupo Aeroportuario del Sureste Price Performance

Shares of NYSE:ASR opened at $326.31 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 firm has a market capitalization of $9.79 billion, a PE ratio of 17.72 and a beta of 0.53. Grupo Aeroportuario del Sureste has a twelve month low of $249.21 and a twelve month high of $381.52. The company has a 50-day moving average price of $346.88 and a two-hundred day moving average price of $327.27.

Grupo Aeroportuario del Sureste (NYSE:ASR – Get Free Report) last posted its earnings results on Tuesday, February 24th. The transportation company reported $5.03 earnings per share for the quarter, missing the consensus estimate of $5.04 by ($0.01). The business had revenue of $636.39 million during 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%. Equities analysts forecast that Grupo Aeroportuario del Sureste will post 23 EPS for the current year.

Institutional Trading of Grupo Aeroportuario del Sureste

Hedge funds and other institutional investors have recently bought and sold shares of the company. Deutsche Bank AG lifted 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 in the last quarter. Morgan Stanley grew its position in shares of Grupo Aeroportuario del Sureste by 20.4% during 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 in the last quarter. State Street Corp increased 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 worth $55,576,000 after purchasing an additional 5,338 shares during the period. Itau Unibanco Holding S.A. increased its holdings in shares of Grupo Aeroportuario del Sureste by 2,425.8% in the second quarter. Itau Unibanco Holding S.A. now owns 110,227 shares of the transportation company’s stock worth $35,148,000 after purchasing an additional 105,863 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position 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 worth $33,433,000 after buying an additional 2,134 shares in the last quarter. Institutional investors own 10.57% of the company’s stock.

About Grupo Aeroportuario del Sureste

(Get Free Report)

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.

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