Grupo Aeroportuario del Sureste (NYSE:ASR) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Grupo Aeroportuario del Sureste (NYSE:ASR) from a hold rating to a buy rating in a research report report published on Saturday morning.

A number of other research analysts have also weighed in on the stock. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a research report on Friday, November 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note 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 Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, December 4th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Grupo Aeroportuario del Sureste presently has a consensus rating of “Hold” and an average target price of $300.00.

Grupo Aeroportuario del Sureste Stock Down 1.5%

ASR opened at $316.80 on Friday. The business has a 50 day moving average price of $346.83 and a 200 day moving average price of $327.28. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.69 and a current ratio of 2.69. Grupo Aeroportuario del Sureste has a twelve month low of $249.21 and a twelve month high of $381.52. The firm has a market cap of $9.50 billion, a P/E ratio of 17.21 and a beta of 0.53.

Grupo Aeroportuario del Sureste (NYSE:ASR) last posted its quarterly earnings data on Tuesday, February 24th. The transportation company reported $5.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.04 by ($0.01). Grupo Aeroportuario del Sureste had a return on equity of 21.10% and a net margin of 27.93%.The firm had revenue of $636.39 million for the quarter, compared to the consensus estimate of $500.58 million. Research analysts forecast that Grupo Aeroportuario del Sureste will post 23 EPS for the current year.

Institutional Trading of Grupo Aeroportuario del Sureste

Institutional investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Grupo Aeroportuario del Sureste during the fourth quarter valued at approximately $35,000. State of Wyoming acquired a new position in shares of Grupo Aeroportuario del Sureste in the 3rd quarter worth approximately $46,000. Atlas Capital Advisors Inc. bought a new position in shares of Grupo Aeroportuario del Sureste during the 4th quarter worth approximately $49,000. EverSource Wealth Advisors LLC lifted its position in shares of 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 buying an additional 138 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in Grupo Aeroportuario del Sureste by 38.2% in the 2nd quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock valued at $58,000 after buying an additional 50 shares in the last quarter. 10.57% of the stock is currently owned by institutional investors and hedge funds.

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.