Wall Street Zen Downgrades Grupo Aeroportuario del Sureste (NYSE:ASR) to Hold

Grupo Aeroportuario del Sureste (NYSE:ASR) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

Several other brokerages have also weighed in on ASR. Weiss Ratings reissued 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 report on Tuesday, January 13th. Finally, Scotiabank upgraded shares of Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, December 4th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $300.00.

Grupo Aeroportuario del Sureste Stock Up 0.6%

Shares of ASR opened at $319.26 on Friday. 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 company has a 50-day simple moving average of $346.37 and a 200-day simple moving average of $326.94. Grupo Aeroportuario del Sureste has a 52 week low of $249.21 and a 52 week high of $381.52. The firm has a market capitalization of $9.58 billion, a P/E ratio of 17.34 and a beta of 0.53.

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

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Several large investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Grupo Aeroportuario del Sureste during the 4th quarter worth approximately $35,000. State of Wyoming bought a new stake in Grupo Aeroportuario del Sureste in the third quarter valued at $46,000. Atlas Capital Advisors Inc. acquired a new position in Grupo Aeroportuario del Sureste during the fourth quarter worth $49,000. EverSource Wealth Advisors LLC raised its stake in 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 worth $50,000 after acquiring an additional 138 shares in the last quarter. Finally, 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 acquiring an additional 50 shares during the period. 10.57% of the stock is currently 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.