Analysts Set Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Price Target at $310.00

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) have been assigned an average recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $310.00.

Several equities analysts recently issued reports on the company. Zacks Research cut Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, October 8th. Finally, Citigroup restated a “buy” rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, September 10th.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Several large investors have recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Grupo Aeroportuario del Sureste in the first quarter valued at $227,000. Cerity Partners LLC increased its position in shares of Grupo Aeroportuario del Sureste by 102.5% in the first quarter. Cerity Partners LLC now owns 2,242 shares of the transportation company’s stock valued at $614,000 after buying an additional 1,135 shares in the last quarter. SkyOak Wealth LLC purchased a new position in shares of Grupo Aeroportuario del Sureste in the first quarter valued at $253,000. Signaturefd LLC increased its position in shares of Grupo Aeroportuario del Sureste by 16.8% in the first quarter. Signaturefd LLC now owns 438 shares of the transportation company’s stock valued at $120,000 after buying an additional 63 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Grupo Aeroportuario del Sureste in the first quarter valued at $207,000. Hedge funds and other institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Stock Down 0.2%

ASR opened at $302.27 on Friday. The business’s 50-day simple moving average is $322.12 and its 200-day simple moving average is $319.45. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.16 and a current ratio of 5.16. Grupo Aeroportuario del Sureste has a one year low of $248.88 and a one year high of $360.00. The stock has a market capitalization of $9.07 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 8.54 and a beta of 0.77.

Grupo Aeroportuario del Sureste (NYSE:ASR) last posted its earnings results on Wednesday, October 22nd. The transportation company reported $3.84 EPS for the quarter, missing analysts’ consensus estimates of $5.26 by ($1.42). The firm had revenue of $475.81 million for the quarter, compared to analyst estimates of $502.91 million. Grupo Aeroportuario del Sureste had a return on equity of 17.47% and a net margin of 31.96%. Analysts anticipate that Grupo Aeroportuario del Sureste will post 23 EPS for the current year.

Grupo Aeroportuario del Sureste Announces Dividend

The business also recently declared an annual dividend, which will be paid on Monday, December 8th. Stockholders of record on Wednesday, November 26th will be paid a dividend of $8.1473 per share. This represents a dividend yield of 263.0%. The ex-dividend date is Wednesday, November 26th. Grupo Aeroportuario del Sureste’s dividend payout ratio is 200.48%.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán.