Grupo Aeroportuario del Sureste (NYSE:ASR) Upgraded at Scotiabank

Scotiabank upgraded shares of Grupo Aeroportuario del Sureste (NYSE:ASR) from a sector perform rating to a sector outperform rating in a research report report published on Thursday, MarketBeat Ratings reports.

Several other equities research analysts have also recently issued reports on ASR. Morgan Stanley cut shares of Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 price objective on the stock. in a research report on Monday, November 10th. Zacks Research cut shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, October 8th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a research report on Friday, November 14th. Finally, Citigroup reaffirmed a “buy” rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $305.00.

Grupo Aeroportuario del Sureste Price Performance

NYSE:ASR opened at $300.93 on Thursday. The business’s 50-day simple moving average is $306.37 and its two-hundred day simple moving average is $316.09. Grupo Aeroportuario del Sureste has a 52 week low of $249.21 and a 52 week high of $360.00. The stock has a market cap of $9.03 billion, a PE ratio of 15.96 and a beta of 0.59. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.47.

Grupo Aeroportuario del Sureste (NYSE:ASR) last released its earnings results on Wednesday, October 22nd. The transportation company reported $3.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.26 by ($1.42). The business had revenue of $478.54 million for the quarter, compared to analysts’ expectations of $502.91 million. Grupo Aeroportuario del Sureste had a return on equity of 20.67% and a net margin of 31.96%. As a group, analysts forecast that Grupo Aeroportuario del Sureste will post 23 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Monday, December 8th. Stockholders of record on Wednesday, November 26th will be given a dividend of $8.1473 per share. This represents a dividend yield of 271.0%. The ex-dividend date is Wednesday, November 26th. Grupo Aeroportuario del Sureste’s dividend payout ratio is currently 200.53%.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Several large investors have recently added to or reduced their stakes in ASR. US Bancorp DE raised its position in Grupo Aeroportuario del Sureste by 4.4% during the first quarter. US Bancorp DE now owns 730 shares of the transportation company’s stock valued at $200,000 after purchasing an additional 31 shares during the period. Signaturefd LLC raised its holdings in Grupo Aeroportuario del Sureste by 8.2% during the 2nd quarter. Signaturefd LLC now owns 474 shares of the transportation company’s stock valued at $151,000 after buying an additional 36 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its position in Grupo Aeroportuario del Sureste by 3.0% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 1,328 shares of the transportation company’s stock worth $429,000 after buying an additional 39 shares during the last quarter. Renaissance Group LLC boosted its stake in Grupo Aeroportuario del Sureste by 0.3% during the second quarter. Renaissance Group LLC now owns 17,123 shares of the transportation company’s stock worth $5,460,000 after buying an additional 45 shares during the period. Finally, Fortune Financial Advisors LLC boosted its stake in Grupo Aeroportuario del Sureste by 1.0% during the second quarter. Fortune Financial Advisors LLC now owns 4,961 shares of the transportation company’s stock worth $1,582,000 after buying an additional 48 shares during the period. 10.57% of the stock is owned by institutional investors.

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.