Grupo Aeroportuario del Sureste (NYSE:ASR) Downgraded to Underweight Rating by Morgan Stanley

Grupo Aeroportuario del Sureste (NYSE:ASR) was downgraded by analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research note issued on Monday,Finviz reports. They presently have a $300.00 price target on the transportation company’s stock. Morgan Stanley’s price target indicates a potential downside of 2.94% from the company’s previous close.

ASR has been the subject of several other research reports. Zacks Research downgraded shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, October 8th. Finally, Citigroup reaffirmed a “buy” rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, September 10th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $305.00.

Grupo Aeroportuario del Sureste Trading Up 0.3%

NYSE ASR opened at $309.09 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.16 and a quick ratio of 5.16. The stock has a market capitalization of $9.27 billion, a P/E ratio of 16.39, a PEG ratio of 8.54 and a beta of 0.77. The firm’s 50-day moving average is $321.07 and its two-hundred day moving average is $319.77. Grupo Aeroportuario del Sureste has a 12 month low of $249.21 and a 12 month high of $360.00.

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

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

Several institutional investors have recently modified their holdings of ASR. Assetmark Inc. increased its position in shares of Grupo Aeroportuario del Sureste by 494.7% during the second quarter. Assetmark Inc. now owns 113 shares of the transportation company’s stock worth $36,000 after acquiring an additional 94 shares during the period. Hantz Financial Services Inc. boosted its holdings in Grupo Aeroportuario del Sureste by 13,800.0% in the second quarter. Hantz Financial Services Inc. now owns 139 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 138 shares during the period. State of Wyoming acquired a new position in Grupo Aeroportuario del Sureste during the 3rd quarter worth $46,000. EverSource Wealth Advisors LLC increased its holdings in Grupo Aeroportuario del Sureste by 766.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock worth $50,000 after purchasing an additional 138 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Grupo Aeroportuario del Sureste during the 2nd quarter worth about $58,000. Institutional investors and hedge funds own 10.57% of the company’s stock.

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.