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

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) have been assigned a consensus rating of “Hold” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $324.50.

Several brokerages have recently issued reports on ASR. JPMorgan Chase & Co. lowered Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research report on Wednesday, July 22nd. UBS Group upgraded Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research report on Thursday, June 18th. Weiss Ratings cut Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Finally, HSBC upgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price objective for the company in a report on Thursday, July 30th.

Grupo Aeroportuario del Sureste Trading Down 0.7%

Shares of ASR opened at $274.73 on Tuesday. Grupo Aeroportuario del Sureste has a 1-year low of $259.01 and a 1-year high of $381.52. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.54. The firm’s 50-day moving average price is $287.95 and its 200-day moving average price is $318.18. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 1.80 and a beta of 0.48.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings data on Friday, July 24th. The transportation company reported $4.38 EPS for the quarter, missing the consensus estimate of $4.92 by ($0.54). The company had revenue of $547.46 million during the quarter, compared to analysts’ expectations of $517.35 million. Grupo Aeroportuario del Sureste had a return on equity of 21.85% and a net margin of 26.07%. Sell-side analysts anticipate that Grupo Aeroportuario del Sureste will post 19.8 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Grupo Aeroportuario del Sureste during the fourth quarter worth about $35,000. Atlas Capital Advisors Inc. bought a new position in shares of Grupo Aeroportuario del Sureste during the fourth quarter valued at approximately $49,000. EverSource Wealth Advisors LLC increased its stake in shares of Grupo Aeroportuario del Sureste by 766.7% during the second quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 138 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Grupo Aeroportuario del Sureste by 38.2% during the second quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 50 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Grupo Aeroportuario del Sureste by 63.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 324 shares of the transportation company’s stock valued at $105,000 after purchasing an additional 126 shares during the last quarter. 10.57% of the stock is currently owned by institutional investors.

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.