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

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) have been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $300.00.

ASR has been the topic of a number of recent analyst reports. UBS Group raised shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research report on Thursday, June 18th. Barclays raised shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Monday, April 20th. Finally, Wall Street Zen cut Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in shares of Grupo Aeroportuario del Sureste in the first quarter valued at approximately $7,687,000. Bank of America Corp DE increased its holdings in shares of Grupo Aeroportuario del Sureste by 112.1% in the 1st quarter. Bank of America Corp DE now owns 6,025 shares of the transportation company’s stock valued at $2,025,000 after acquiring an additional 3,184 shares during the period. Parvin Asset Management LLC purchased a new stake in Grupo Aeroportuario del Sureste in the 1st quarter valued at $220,000. Quantinno Capital Management LP raised its position in Grupo Aeroportuario del Sureste by 111.2% in the 1st quarter. Quantinno Capital Management LP now owns 6,427 shares of the transportation company’s stock valued at $2,161,000 after purchasing an additional 3,384 shares during the last quarter. Finally, ABS Direct Equity Fund LLC boosted its stake in Grupo Aeroportuario del Sureste by 1.9% during the 1st quarter. ABS Direct Equity Fund LLC now owns 6,900 shares of the transportation company’s stock worth $2,319,000 after purchasing an additional 130 shares during the period. Hedge funds and other institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Stock Performance

Shares of ASR opened at $280.25 on Friday. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 2.00 and a beta of 0.46. Grupo Aeroportuario del Sureste has a 52-week low of $275.00 and a 52-week high of $381.52. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average price of $298.04 and a 200 day moving average price of $324.10.

Grupo Aeroportuario del Sureste (NYSE:ASR) last released its quarterly earnings data on Tuesday, March 31st. The transportation company reported $5.24 earnings per share for the quarter. The company had revenue of $495.15 million for the quarter. Grupo Aeroportuario del Sureste had a net margin of 26.32% and a return on equity of 21.77%. Research analysts predict that Grupo Aeroportuario del Sureste will post 20.84 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Announces Dividend

The company also recently announced a special dividend, which was paid on Monday, June 8th. Investors of record on Wednesday, May 27th were given a $5.7572 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. Grupo Aeroportuario del Sureste’s dividend payout ratio is 110.22%.

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.