Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Given Average Recommendation of “Hold” by Brokerages

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) has received an average recommendation of “Hold” from the nine brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $324.50.

ASR has been the topic of a number of recent research reports. Weiss Ratings cut Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. lowered shares of Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research note on Wednesday, July 22nd. UBS Group upgraded Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research report on Thursday, June 18th. Finally, HSBC upgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price target for the company in a research report on Thursday, July 30th.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

A number of large investors have recently modified their holdings of ASR. Bank of New York Mellon Corp boosted its holdings in Grupo Aeroportuario del Sureste by 18.3% in the 1st quarter. Bank of New York Mellon Corp now owns 30,621 shares of the transportation company’s stock valued at $10,292,000 after purchasing an additional 4,743 shares during the period. Hsbc Holdings PLC increased its stake in Grupo Aeroportuario del Sureste by 151.5% in the 1st quarter. Hsbc Holdings PLC now owns 63,506 shares of the transportation company’s stock worth $21,346,000 after acquiring an additional 38,255 shares during the last quarter. Empirical Finance LLC purchased a new stake in shares of Grupo Aeroportuario del Sureste in the 1st quarter valued at about $7,687,000. Empowered Funds LLC bought a new stake in shares of Grupo Aeroportuario del Sureste during the 1st quarter valued at about $7,687,000. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of Grupo Aeroportuario del Sureste by 757.6% during the first quarter. Y Intercept Hong Kong Ltd now owns 10,986 shares of the transportation company’s stock worth $3,693,000 after purchasing an additional 9,705 shares in the last quarter. 10.57% of the stock is currently owned by institutional investors.

Grupo Aeroportuario del Sureste Stock Up 0.0%

Shares of NYSE:ASR opened at $257.11 on Friday. The business’s 50 day simple moving average is $274.80 and its two-hundred day simple moving average is $305.83. Grupo Aeroportuario del Sureste has a 52-week low of $249.58 and a 52-week high of $381.52. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.29 and a current ratio of 3.29. The firm has a market cap of $7.71 billion, a P/E ratio of 13.83, a PEG ratio of 1.69 and a beta of 0.47.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings data on Friday, July 24th. The transportation company reported $4.38 earnings per share for the quarter, missing the consensus estimate of $4.92 by ($0.54). Grupo Aeroportuario del Sureste had a net margin of 26.07% and a return on equity of 21.32%. The company had revenue of $547.46 million for the quarter, compared to the consensus estimate of $517.35 million. As a group, research analysts forecast that Grupo Aeroportuario del Sureste will post 19.54 EPS for the current fiscal year.

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.