Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Receives Average Rating of “Moderate Buy” from Brokerages

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $300.00.

Several research analysts have commented on ASR shares. Wall Street Zen lowered shares of Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Monday, April 20th. UBS Group upgraded shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research report on Thursday, June 18th. Finally, Barclays upgraded shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th.

Grupo Aeroportuario del Sureste Stock Down 0.5%

Shares of NYSE:ASR opened at $283.36 on Friday. The stock has a market capitalization of $8.50 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 2.33 and a beta of 0.46. The stock’s 50-day moving average price is $300.62 and its 200-day moving average price is $325.83. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.54. Grupo Aeroportuario del Sureste has a 12-month low of $275.00 and a 12-month high of $381.52.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its earnings results on Tuesday, March 31st. The transportation company reported $5.24 earnings per share (EPS) for the quarter. Grupo Aeroportuario del Sureste had a net margin of 26.32% and a return on equity of 21.77%. The firm had revenue of $495.15 million for the quarter. On average, equities analysts anticipate that Grupo Aeroportuario del Sureste will post 21 earnings per share for the current year.

Grupo Aeroportuario del Sureste Announces Dividend

The firm also recently declared a special dividend, which was paid on Monday, June 8th. Investors of record on Wednesday, May 27th were given a dividend of $5.7572 per share. The ex-dividend date of this dividend was Wednesday, May 27th. Grupo Aeroportuario del Sureste’s dividend payout ratio (DPR) is 110.22%.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Empowered Funds LLC purchased a new position in Grupo Aeroportuario del Sureste during the first quarter valued at $7,687,000. Bank of America Corp DE grew its stake in shares of Grupo Aeroportuario del Sureste by 112.1% in the first quarter. Bank of America Corp DE now owns 6,025 shares of the transportation company’s stock worth $2,025,000 after acquiring an additional 3,184 shares during the last quarter. Parvin Asset Management LLC purchased a new stake in shares of Grupo Aeroportuario del Sureste in the first quarter worth $220,000. Quantinno Capital Management LP increased its holdings in shares of Grupo Aeroportuario del Sureste by 111.2% during the first quarter. Quantinno Capital Management LP now owns 6,427 shares of the transportation company’s stock valued at $2,161,000 after acquiring an additional 3,384 shares in the last quarter. Finally, ABS Direct Equity Fund LLC increased its holdings in shares of Grupo Aeroportuario del Sureste by 1.9% during the first quarter. ABS Direct Equity Fund LLC now owns 6,900 shares of the transportation company’s stock valued at $2,319,000 after acquiring an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 10.57% of the company’s stock.

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.